SGD - Singaporean Dollar
Convertible: Yes - Transferable: Yes - Exchange rate regime: Floating

Type of transactions

FX Spot FX Forward
Delivery date: T; T+1; T+2 Maximum maturity: 12 months
Liquidity: Good Liquidity: Good

EUR/SGD parity: liquidity schedules (GMT)

EUR/SGD parity: liquidity schedules (GMT)

Did you know?

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.

Features and highlights

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


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

Expert opinion

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

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.
Public holidays 2018 (subject to change)
New Year's Day 1 January National Day 9 August
Lunar New Year 16-17 February Hari Raya Haji 22 August
Good Friday 30 March Deepvali 18 October
Labour Day 1 May Christmas Day 25 December
Vesak Day 29 May