SGD Market Update
21 Mar 2026 • 01:03 GMT
The Singapore dollar remains relatively steady against major currencies, trading at around 0.7798 USD, slightly below its three-month average. It has stayed within a narrow range of 0.7732 to 0.7934, showing stability despite global uncertainties. Meanwhile, the SGD has gained strength against the Indian rupee, reaching near 73.34, its highest point in 90 days, and 2.9% above its recent average. This reflects Singapore's resilient economy amid regional concerns. The SGD also recently touched 7-day lows near 0.6738 against the euro but remains close to its usual levels, indicating limited volatility. Against the Japanese yen, the SGD is at 124.2, slightly above its three-month average, maintaining a stable upward trend. Overall, the SGD shows solid support driven by strong domestic economic performance, while geopolitical tensions in the Middle East continue to influence currency movements regionally. Investors should watch for any shifts in global risk appetite that could impact the Singapore dollar's outlook.
📊 Quick forecast view
Near-term bias: 🔴 Mild downside
Expected range: 0.7600 – 0.7800
Dominant driver: 🌍 Global risk sentiment
3-month trend: ⚪ Range-bound
