Singapore dollar SGD forecasts 2022
Forecasts for the Singapore dollar change all the time, affected by news events and relative sentiment towards the Singaporean economy. This continually updated article reviews the latest forecasts from banks and FX experts as well as news and recent movements of SGD in the currency markets.
BER ResearchSingapore Dollar Outlook
The inflation rate in Singapore unexpectedly rose in December to 4 percent. This puts pressure on the local central bank to raise interest rates.
However, commentators expect MAS to keep the hawkish tone it has maintained over the last few meetings despite continued high inflation. This is because it does not want to overly stimulate an overheating economy.
Large price increases will likely cause pressure on policymakers to tighten monetary policy furthermore in order to stop the rise in prices.
In 2021 the Singapore dollar traded in range from 0.72 to 0.75 to the greenback.
| SGD/USD was | Change | Period |
|---|---|---|
0.7426 12 Jan 2022 | 0.1% ▼ | 2 Weeks |
0.7439 28 Oct 2021 | 0.2% ▼ | 90 Days |
0.7548 26 Jan 2021 | 1.7% ▼ | 1 Year |
0.6984 27 Jan 2017 | 6.3% ▲ | 5 Years |
0.7985 29 Jan 2012 | 7.1% ▼ | 10 Years |
0.5449 31 Jan 2002 | 36.2% ▲ | 20 Years |
SGD Outlook
Singapore’s trade-reliant economy has teetered on the brink of a recession as the stop-start coronavirus lock-downs have weakened consumer spending.
The MAS typically announces policy decisions twice a year, around the middle of April and October. There have been, out-of-cycle announcement in the past (January 2015) that can surprise markets.
You can also read our full Foreign Exchange Guide to Singapore.
Loading rates...
| Provider | Amounts | Rate | Cost | |
|---|---|---|---|---|
|
|
|
|||
|
|
|
|||
|
|
|
|||
|
|
|
What is a good Singapore dollar exchange rate?
Whether the Singapore dollar will rise or drop in the future is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate’s relative value is to look at the rate’s history against a range of currencies and in particular against the currency you are interested in exchanging.
SGD to AUD
SGD to AUD at 1.0416 has risen 2.1% above average of its 90-day range 0.9861-1.0430. SGD/AUD Rates
The Ukrainian crisis and its risk-off effects have pushed the Aussie dollar down against the Sing dollar.
The AUD has been on a downward slide since October last year on changing expectations for US Federal Reserve rate hikes and a less positive outlook for global growth and Chinese demand for iron ore.
AUD/SGD is still well below its 2021 peak of 1.045 in March. Changing expectations around US Federal Reserve policy and a less positive outlook for global growth have weighed on the Aussie to Singapore rate this year.
SGD to INR
SGD to INR at 55.64 is 0.9% above average of its 90-day range 54.48-55.88. SGD/INR Rates
SGD to MYR
SGD to MYR at 3.1084 is 0.6% above average of its 90-day range 3.0647-3.1168. SGD/MYR Rates
SGD to USD
SGD to USD at 0.7416 is 0.6% above average of its 90-day range 0.7286-0.7439. SGD/USD Rates
Loading rates...
| Provider | Amounts | Rate | Cost | |
|---|---|---|---|---|
|
|
|
|||
|
|
|
|||
|
|
|
|||
|
|
|
More Forecasts
Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.