SGD Market Update
11 Apr 2026 • 01:09 GMT
The Singapore dollar (SGD) remains relatively stable against major currencies with some recent notable moves. The SGD/USD pair is currently at about 0.7849, close to its three-month average, trading within a tight 2.6% range. Markets are watching the upcoming Monetary Authority of Singapore (MAS) meeting closely, as signs point to a possible adjustment in the SGD’s policy slope. Sentiment has turned somewhat bearish ahead of the decision, with traders expecting a steeper SGD NEER slope that could lead to a slight weakening of the SGD.
Against the euro, the SGD is near its 30-day lows at around 0.6691, below its three-month average but remaining within a stable range. The SGD/GBP pairing is near its 14-day lows at approximately 0.5831, both currency pairs showing resilience with limited volatility. The SGD/JPY has moved slightly above its three-month average, trading at approximately 125.0, indicating modest strength. Meanwhile, the SGD/CAD has reached 90-day highs around 1.0867, reflecting a slight uptick amid stable ranges across most pairs.
Overall, the SGD’s moderate movements reflect a cautious outlook ahead of key monetary policy decisions, with no significant shifts expected until after the MAS meeting.
📊 Quick forecast view
🔴 Mild downside
0.7800 – 0.7930
🏦 Central bank policy divergence
⚪ Range-bound
