SGD Market Update
25 Apr 2026 • 01:10 GMT
The Singapore dollar (SGD) remains relatively stable against major currencies, trading near its three-month average against the US dollar at 0.7837. Recently, the SGD has shown resilience amid rising US dollar strength, supported by positive market momentum and cautious regional sentiment. The USD has strengthened recently, breaking above key levels and driven by concerns over inflation and geopolitical tensions such as US-Iran relations. Despite this, the SGD has held steady, partly due to the Monetary Authority of Singapore's recent monetary policy adjustments, which include slight tightening measures.
Against the euro, the SGD at 0.6685 remains just below its three-month average, with limited volatility. The SGD has dipped slightly against the Australian dollar to 1.0970, about 1.7% below its monthly average, reflecting broader risk sentiment shifts. Meanwhile, the SGD surged to 73.72 against the Indian rupee, reaching a seven-day high and 1.9% above its three-month average, showing some regional strength.
Looking ahead, major banks forecast the USD/SGD to decline gradually, possibly reaching 1.25 by the end of 2026 as the SGD is expected to appreciate further. Traders should remain attentive to US monetary policy cues and regional geopolitical developments that could influence the SGD's move.
📊 Quick forecast view
🔴 Mild downside
0.7800 – 0.7930
⚖️ Interest-rate differentials
🟢 Uptrend
