SGD Market Update
01 Jun 2026 • 00:28 GMT
The Singapore dollar (SGD) remains stable around its 3-month average against the US dollar, trading near 0.7831. Despite Singapore’s strong GDP growth of 6.0% in Q1 and the MAS signaling a tighter monetary stance to counter imported inflation, the SGD has not gained significant ground recently. The USD/SGD stays within a narrow range of about 1.2650 to 1.2840, with recent settlement near 1.2770.
The broader US dollar sentiment is cautiously softening amid easing US-Iran tensions and a risk-on mood as month-end flows bolster other currencies. This may lend some support to the SGD, especially given MAS’s stance to strengthen the exchange rate to fight inflation. Market expectations suggest that the SGD could hold its ground between support levels near 1.2720–1.2760 and resistance around 1.2840–1.2850.
Looking ahead, many analysts foresee the USD gradually weakening against the SGD by year-end, supported by Singapore’s monetary policy and regional growth. However, any sudden shifts in US monetary policy, geopolitical stability, or regional economic conditions could influence these expectations. Overall, the SGD remains well-supported in a steady range.
📊 Quick forecast view
🔴 Mild downside
0.7770 – 0.7910
🌍 Global risk sentiment
🔴 Downtrend
