Singapore Dollar (SGD)

QUOTE AND NEWS
The Times of India  Mar 24  Comment 
ASIA-FOREX/EMERGING (TABLE):EM ASIA FX-Singapore dollar, yuan, Philippine peso edge lower
The Times of India  Mar 23  Comment 
ASIA-FOREX/EMERGING (TABLE):EM ASIA FX-Singapore dollar, yuan, baht edge lower
The Economic Times  Feb 28  Comment 
The Singapore dollar held steady at 1.4036 per US dollar, having retreated from Monday's high of 1.4000, its strongest level since Nov. 10.
Channel News Asia  Feb 24  Comment 
The Singapore dollar was last seen around 3.1643 against the Malaysian ringgit, slightly pulling back from an intra-day high of 3.1687 earlier in the day. Against the US dollar, the local currency rose to a three-month peak at one point on Friday...
Channel News Asia  Dec 27  Comment 
For 2017, a double whammy of the US dollar's strength and ongoing woes in the domestic economy could take the Sing dollar down to levels last seen during the global financial crisis, analysts say.
The Economic Times  Dec 23  Comment 
Less reliance on exports and one of the world’s fastest economic growth rates are seen insulating India from any potential protectionist US policies set by Trump.
newratings.com  Nov 4  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar trimmed its early losses against the U.S. dollar in the European session on Friday, after the Monetary Authority of Singapore said that it is ready to prevent excessive currency volatility if needed. "The...
Channel News Asia  Oct 14  Comment 
Analysts expect the Sing dollar to weaken further and possibly hit 1.40 against the US dollar by the end of the year.
The Economic Times  Oct 13  Comment 
The Singapore dollar lost 0.2 per cent to 1.3866 per US dollar, its weakest since March 10, and then pared much of that decline.
The Economic Times  Oct 7  Comment 
The Singapore dollar hovered around its lowest point in three and a half months on central bank's plans to announce semiannual policy statement on October 14




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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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