Singaporean Dollar (SGD)
The Dollar is the official currency of Singapore. Its official ISO code is SGD, and its symbol is S$ or $. Observe its evolution on this page before making your currency exchange transactions.
The Dollar is the official currency of Singapore. Its official ISO code is SGD, and its symbol is S$ or $. Observe its evolution on this page before making your currency exchange transactions.
The Singapore Dollar (SGD), often referred to as the "Sing" by Forex traders, is an essential currency in the Asian region. It belongs to the exclusive group of major reserve currencies in the Asia-Pacific region and is one of the most traded currencies in the world.
Unlike commodity-linked currencies (such as the CAD or AUD), Singapore's booming economy relies almost entirely on financial services, international trade, cutting-edge logistics, and its strategic port. With one of the strongest current account balances in the world, the SGD enjoys a solid reputation as a safe-haven currency in Asia, displaying exceptional stability against global economic turbulence.
The Monetary Authority of Singapore (MAS) is the institution responsible for the monetary policy of the Asian hub. Its method is fundamentally different from that of the Federal Reserve or the European Central Bank.
Rather than using domestic interest rates, the MAS uses the exchange rate as its main weapon via the S$NEER:
This fascinating distinction means that MAS announcements, which traditionally occur 4 times a year (often very unexpectedly on the markets), have sudden repercussions on the SGD and attract a great deal of attention from international foreign exchange traders.
Final separation from the Federation of Malaysia. The economic and financial foundations of the modern Asian dragon are laid under the leadership of Lee Kuan Yew.
The Singapore Board of Commissioners of Currency begins issuing the famous Singapore dollar to replace the old dollar of Malaya and British Borneo (at a strict parity exchange rate).
The Monetary Authority of Singapore inaugurates its iconic Exchange Rate Targeting System, abandoning the manipulation of domestic interest rates.
Although affected, the SGD emerges incredibly more robust than its Thai, Korean, or Malaysian counterparts, definitively anchoring its image as a safe haven currency during regional crashes.
During the financial turmoil of Wall Street, the MAS perfectly manages the run on currencies of the great banking fear by massively injecting liquidity to protect the SGD's stability.
Singapore has risen to the rank of world leader in wealth management and financial technology. The SGD matters more than ever as a pillar of absolute stability on the Eastern foreign exchange chessboard.
The following currency pairs are available with Singaporean Dollar through our online currency exchange service:
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