SGD Market Update
18 Apr 2026 • 01:13 GMT
The Singapore dollar (SGD) has recently strengthened against the US dollar, reaching near 30-day highs of about 0.7876. This rise is partly due to the Monetary Authority of Singapore’s recent decision to tighten its policy, which is supporting the SGD amid inflation concerns. The currency remains within a stable trading range, slightly above its three-month average, and traders are now watching for any further MAS actions that could influence the rate.
Against the euro, the SGD is relatively stable just below its three-month average, while it has remained near recent lows versus the Japanese yen at around 124.9, slightly above its three-month average. The weaker performance against the yen reflects broader safe-haven flows and market caution, especially as geopolitical tensions and oil prices continue to influence currency movements.
Overall, the SGD’s recent strength against the US dollar indicates positive sentiment driven by local inflation fighting measures. However, traders should stay alert to potential market shifts, including any new interventions by the MAS or changes in international risk appetite, which could impact the currency’s direction in the coming weeks.
📊 Quick forecast view
🔴 Mild downside
0.7800 – 0.7930
🌍 Global risk sentiment
⚪ Range-bound
