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    Compare Monetary Authority of Singapore SGD Exchange Rates

    Exchange Rates aren't all the same! It's hard to predict the currency markets, but you can always save money by comparing Monetary Authority of Singapore exchange rates and fees to those charged by market leading FX providers.

    Monetary Authority of Singapore

    The Monetary Authority of Singapore (MAS) is the central bank of Singapore. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.

    Interest rates, inflation, and exchange rates are all intrinsically linked. When the MAS manipulates interest rates this impacts both the inflation in Singapore and also the relative value of the Singapore dollar compared to other currencies.

    The MAS typically announces policy decisions twice a year, around the middle of April and October.

    Singapore’s currency is of special importance to the MAS. Unlike other central banks which tighten or ease monetary policy by adjusting a national interest rate, the MAS achieves the same end via management of Singapore dollar exchange rates – an unconventional method which has served the country well since its introduction in 1981.

    Thus the value of the Singapore dollar is managed carefully is not actually truly free-floating. Its value is managed against a basket of currencies from the country’s major trading partners and the trade-weighted Singapore dollar exchange rate is restricted by the central bank to moves within a specified range, the boundaries of which are announced every six months, around the middle of April and October.

    Read our guide to the Relationship between Interest Rates and Currencies.

    Exchange rates published by Central Banks such as the Monetary Authority of Singapore are the latest interbank mid-market exchange rates, here are some of the most popular SGD exchange rates:


    Singapore dollar to US dollar

    SGD to USD at 0.7285 is 2.5% above its 90-day average 0.7108 with range 0.6950-0.7299.
    SGD to USD
    0.7288
     no alerts

    Singapore dollar to Australian dollar

    SGD to AUD at 1.0832 is near its 90-day average 1.0843 with range 1.0397-1.1311.
    SGD to AUD
    1.0812
    30-DAYLOW4d
    1-DAY+0.8%

    Singapore dollar to Malaysian ringgit

    SGD to MYR at 3.2846 is just above its 90-day average 3.2775 with range 3.1947-3.4004.
    SGD to MYR
    3.2856
    30-DAYLOW
    4-DAY-2.3%

    Singapore dollar to Indian rupee

    SGD to INR at 59.52 is 2.9% above its 90-day average 57.82 with range 56.48-59.52.
    SGD to INR
    59.54
    90-DAYHIGH

    Singapore dollar to Thai baht

    SGD to THB at 25.79 is 2.1% below its 90-day average 26.33 with range 25.68-26.92.
    SGD to THB
    25.78
    60-DAYLOW
    1-DAY-0.8%

    Singapore dollar to South Korean won

    SGD to KRW at 966.4 is 2.2% below its 90-day average 988.6 with range 957.4-1016.
    SGD to KRW
    966.60
     no alerts

    Singapore dollar to Philippine peso

    SGD to PHP at 41.26 is just above its 90-day average 41.15 with range 40.21-41.90.
    SGD to PHP
    41.25
    30-DAYLOW

    You Can Save Money when you Compare Monetary Authority of Singapore Exchange Rate Margins & Fees

    The below comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction versus Monetary Authority of Singapore market mid-rates. It is easy to calculate any savings available from popular market-leading FX providers.

     

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