Singapore Dollar (SGD)
The Singapore dollar is managed by the Monetary Authority of Singapore against a basket of currencies rather than through an interest rate target. It is one of the most stable currencies in Asia.
The latest available mid-market reference is 1 SGD = 0.7790 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the Singapore Dollar
Singapore is a major financial and trade hub, and the Singapore dollar is used in a large share of regional trade. The MAS manages the currency against a basket rather than through interest rates.
A short history
The Singapore dollar was introduced in 1967, replacing the Malaya and British Borneo dollar. The basket band system dates from the 1980s.
What moves the Singapore Dollar
The slope of the policy band, Singapore's trade and financial flows, and regional growth. The MAS adjusts the band rather than announcing rate changes.
Live SGD exchange rate
| Currency | 1 SGD equals |
|---|---|
| US Dollar (USD) | 0.7790 |
| Euro (EUR) | 0.7010 |
| British Pound (GBP) | 0.5862 |
| Japanese Yen (JPY) | 124.27 |
| Chinese Yuan (CNY) | 5.2084 |
| Indian Rupee (INR) | 73.1126 |
| Canadian Dollar (CAD) | 1.1093 |
| Australian Dollar (AUD) | 1.1369 |
| Swiss Franc (CHF) | 0.6480 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
SGD conversion pages
Other currency profiles
Singapore Dollar questions
What is the Singapore Dollar?
Singapore Dollar (SGD) is used in the following countries and territories: Singapore and Brunei, where both currencies circulate at par. Central bank: Monetary Authority of Singapore. Exchange rate regime: managed against a basket of currencies.
Which countries use the Singapore Dollar?
The Singapore Dollar is used in the following countries and territories: Singapore and Brunei, where both currencies circulate at par.
What affects the Singapore Dollar exchange rate?
The slope of the policy band, Singapore's trade and financial flows, and regional growth. The MAS adjusts the band rather than announcing rate changes.