SGD Market Update
11 May 2026 • 00:29 GMT
The Singapore Dollar (SGD) remains stable against major currencies, trading near its recent average levels. Against the US Dollar (USD), the SGD is at approximately 0.7886, just slightly above its three-month average, and has traded within a narrow range of 0.7736 to 0.7924. This indicates a steady pattern with limited volatility.
Looking ahead, traders are monitoring the potential for the Monetary Authority of Singapore (MAS) to tighten policy to combat inflation, especially as oil prices stay elevated amid geopolitical tensions. While the SGD has shown resilience, with limited movement so far, any significant policy shift or shifts in oil prices could influence the currency’s direction.
Other currency pairs also remain stable, with the SGD outperforming the Indian Rupee (INR) slightly above its average, and staying close to long-term averages against the euro, Yen, and Swiss Franc. The SGD continues to trade calmly within its recent ranges, reflecting a cautious market environment. Investors will keep an eye on geopolitical developments, oil prices, and MAS policy signals, all of which could impact short-term movements.
📊 Quick forecast view
🔴 Mild downside
0.7790 – 0.7920
🏦 Central bank policy divergence
⚪ Range-bound
