Singapore dollar SGD forecasts for 2021

SGD in the markets

Singapore’s trade-reliant economy is teetering on the brink of a recession as the coronavirus pandemic weakens global trade and consumer spending.

There’s increased chance that the Monetary Authority of Singapore (MAS) could start to push the Singapore dollar lower via direct market interventions (ie the central bank actively buying and selling the Singapore dollar).

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.

At the end of March 2020, Singapore’s central bank eased its monetary policy, as widely expected, with the city-state’s bellwether economy bracing for a deep recession due to the coronavirus pandemic.

You can also read our full Foreign Exchange Guide to Singapore.

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.

For example, the following tables look at the change in the SGD exchange rate to the present day for periods going back 10 years for popular SGD exchange rates.

SGD to USD – Compare and Save

SGD to MYR – Compare and Save

SGD to AUD – Compare and Save