Singapore Dollar (SGD)

QUOTE AND NEWS
Channel News Asia  Sep 27  Comment 
SINGAPORE: Indonesia's rupiah dropped on Thursday (Sep 27) to its lowest level against the Singapore dollar since at least 1992, even as the government in Jakarta took measures to protect the embattled currency. The rupiah slumped to as low as...
Channel News Asia  Sep 26  Comment 
SINGAPORE: The Singapore dollar continued its ascent against the Malaysia currency on Wednesday (Sep 26) to reach a 2018 high against the ringgit. The Singapore dollar touched RM3.0363 on Wednesday, before easing back to RM3.0322 in the late...
Channel News Asia  Sep 5  Comment 
SINGAPORE: The Singapore dollar rose to an eight-month high against the Malaysian ringgit on Wednesday (Sep 5), as a tumult in global emerging markets showed few signs of abating. The Singapore dollar rose to an intraday high of RM3.0183 before...
Channel News Asia  Jul 4  Comment 
Negative currency translation effects amounted to S$13.8 billion as the Sing dollar strengthened against the greenback and Japanese yen during the past financial year.
Channel News Asia  May 25  Comment 
LONDON: The British pound fell to a six-month low against the Singapore dollar on Friday (May 25), hindered by worries over Brexit and further signs of sustained weakness in Britain's economy. The pound fell to as low as  £1 to S$1.7851, the...
Channel News Asia  Feb 24  Comment 
How much the country spends and saves is a signal to currency markets on the strength of the Sing dollar, says the Minister in the Prime Minister’s Office.
Channel News Asia  Jan 25  Comment 
DAVOS, Switzerland: The Singapore dollar surged to its highest in three years against the US dollar on Thursday (Jan 25), after US Treasury Secretary Steven Mnuchin said he would welcome a weaker greenback.  As of 11.09am, the Singapore dollar...
Channel News Asia  Jan 8  Comment 
KUALA LUMPUR: The Singapore dollar traded below the RM3 for the first time in 14 months during intra-day trading on Monday (Jan 8) afternoon, amid firmer crude oil prices and positive investment sentiment in Malaysia. The ringgit appreciated...
Channel News Asia  Jan 2  Comment 
Apart from a retreat in the US dollar, latest growth data depicting a firm outlook for the Singapore economy added to the “positive spin” in the currency, analysts said.




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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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