SGD Market Update
28 Apr 2026 • 00:29 GMT
The Singapore dollar (SGD) remains stable against the US dollar, with the pair trading near 0.785, close to its three-month average. Despite some regional geopolitical tensions, especially in the Gulf, the SGD has held steady within a narrow range from 0.7736 to 0.7934. Upward pressures persist due to heightened energy prices caused by ongoing tensions in the Hormuz Strait, which may fuel inflation and support the USD, but SGD’s resilience is evident.
Against the euro, the SGD is just below its three-month average at about 0.6695, maintaining stability in a tight range. Meanwhile, against the yen, SGD has risen to near 125.1, slightly above its recent three-month average, reflecting modest strength.
Conversely, the SGD has weakened to recent 90-day lows around 1.0916 versus the Australian dollar, signifying some regional shifts. Overall, the SGD remains relatively stable but continues to react cautiously to energy market developments and regional geopolitical cues. Traders should watch for any shifts in Singapore’s monetary policy, especially as inflation pressures rise from energy shocks, and keep an eye on geopolitical developments that could influence the SGD’s movements.
📊 Quick forecast view
🔴 Mild downside
0.7800 – 0.7930
⚖️ Interest-rate differentials
🟢 Uptrend
