Singapore Dollar (SGD)

QUOTE AND NEWS
newratings.com  Apr 14  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar weakened against the U.S. dollar in late Asian deals on Thursday. The Singapore dollar fell to 1.3648 against the greenback, a level not seen since March 29. This is 1.1 percent lower than the...
The Times of India  Apr 14  Comment 
Asian stocks rose to their highest levels in more than four months and regional currencies weakened led by the Singapore dollar as hopes grew that more central banks will join the city state in easing monetary policy soon. MSCI's broadest index of...
Channel News Asia  Apr 14  Comment 
The Singapore dollar touched its weakest level since March 29 after the Monetary Authority of Singapore (MAS) unexpectedly eased its exchange-rate based monetary policy on Thursday.
newratings.com  Apr 11  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar strengthened against the U.S. dollar in the Asian session on Monday. Against the greenback, the Singapore dollar rose to nearly a 2-week high of 1.3437 from an early low of 1.3501. At Friday's close,...
The Economic Times  Mar 17  Comment 
The ringgit hit its highest level since mid-August last year, while the Singapore dollar and Thai baht both saw their strongest levels since late July.
Mondo Visione  Mar 15  Comment 
The MSCI Singapore Index (SiMSCI) is designed to measure the performance of the large and mid-cap segments of the Singapore market,with 26 of its 28 stocks also represented by the Straits Times Index. Because of a slew of dividend activity next...
newratings.com  Mar 1  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar strengthened against the U.S. dollar in the Asian session on Tuesday. Against the greenback, the Singapore dollar rose to a 4-day high of 1.4021 from yesterday's closing value of 1.4062. If the...
Channel News Asia  Feb 24  Comment 
According to data from Bloomberg, the ringgit was down 0.26 per cent to 0.33363 against the Singapore dollar late on Wednesday, its weakest since Jan 26.  
The Economic Times  Feb 24  Comment 
Singapore's dollar, however, found support from stronger-than-expected fourth-quarter economic growth data.
newratings.com  Feb 22  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar strengthened against the U.S. dollar in the Asian session on Monday. Against the greenback, the Singapore dollar rose to a 4-day high of 1.4011 from an early low of 1.4073. At Friday's close, the...




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The Singapore Dollar is the currency used in Singapore and replaced the Malaya and British Borneo dollar upon its independence from Malaysia. It is normally abbreviated with the dollar sign $, or alternatively S$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

The $10000 note is one of the world's largest single notes in terms of real value.

Initially, the Singapore dollar was pegged to the British pound sterling at a rate of S$60 = £7. This peg lasted until the demise of the Sterling Area in the early 1970s, after which the Singapore dollar was linked to the US dollar for a short period of time. As Singapore's economy grew and its trade links diversified to many other countries and regions, Singapore moved towards pegging its currency against a fixed and undisclosed trade-weighted basket of currencies from 1973 to 1985. From 1985 onwards, Singapore adopted a more market-oriented exchange regime – classified as a Monitoring Band – in which the Singapore dollar is allowed to float (within an undisclosed bandwidth of a central parity) but closely monitored by the Monetary Authority of Singapore (MAS) against a concealed basket of currencies of Singapore's major trading partners and competitors. This in theory allows the Singaporean government to have more control over imported inflation and to ensure that Singapore's exports remain competitive. All issued Singapore dollar currency in circulation is fully backed by international assets to maintain public confidence.[1] The foreign reserves officially stand at over US$230 billion - as of May 2011.

The chart at left shows the USD/SGD currency pair; the number of Singapore Dollars equivalent to 1 U.S. Dollar (USD).

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