Singaporean Dollar

SGD

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Currency Reference Centre

Available Currency Pairs

EURSGD

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USDSGD

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GBPSGD

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CHFSGD

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AUDSGD

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CADSGD

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NZDSGD

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SGDAED

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SGDCNY

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SGDCZK

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SGDDKK

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SGDHKD

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SGDHUF

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SGDILS

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SGDJPY

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SGDMXN

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SGDNOK

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SGDRON

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SGDSEK

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SGDTHB

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SGDZAR

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SGDPLN

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Transaction Types

FX SPOT
Delivery date: T+1; T+2
Liquidity: high
FX FORWARD
Maximum maturity: 24 months
Liquidity: high

Did You Know?

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Monetary policy

  • The Monetary Authority of Singapore (MAS) serves as a central bank and has the function of ensuring the non-inflationary growth of the Singaporean economy.
  • Price setting method: the exchange rate is described as “supervised”. MAS still controls the evolution of the SGD against a basket of international currencies, whose composition is not public.
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Features and highlights

  • Singapore’s currency is one of the only freely convertible and transferable Asian currencies.
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Expert opinion

  • As Singapore is an outward-looking economy, MAS tends to intervene to limit the excessive appreciations of SGD.
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Regulations

There are no particular restrictions on the purchase and sale of SGD.

Important Information

PAYMENTS IN SGD TO SINGAPORE

The IBAN format is used in Singapore. Payment instructions must contain:

  • The BIC Code of the beneficiary bank
  • The full name, address and account number of the beneficiary.

Keep In Mind

PUBLIC HOLIDAYS

New Year's Day 1 Jan
Good Friday 30 Mar
Vesak Day 29 May
National Day 9 Aug
Deepvali 18 Oct
Lunar New Year 16 - 17 Feb
Labour Day 1 May
Hari Raya Puasa 15 Jun
Hari Raya Haji 22 Aug
Christmas Day 25 Dec

When a holiday falls on a weekend, the next business day becomes a holiday

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Currency Reference Guide

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Reference guide