Singapore Dollar (SGD) Exchange Rates Today
Live rates, 30-day trends, and real talk about what banks charge you for Singapore Dollar.
Mid-market rate - no bank markup 200+ currencies Free
What is the Singapore Dollar?
Unlike most central banks, MAS uses the exchange rate (not interest rates) as its primary monetary policy tool, managing SGD against a trade-weighted basket.
Symbol: S$ ISO code: SGD Central bank: Monetary Authority of Singapore (MAS)
BIS ranking: 10th most traded (the 10th most bought and sold currency worldwide) Used in: Singapore
This page is a hub for all SGD exchange rates on our site. Use the converter above to check the current mid-market rate for Singapore Dollar against any supported currency, or scroll down to browse individual pair pages with 30-day charts, historical data, and conversion tables.
How Singapore Dollar is commonly exchanged
Singapore manages SGD through an exchange rate band (not interest rates) as its primary monetary policy tool. USD/SGD is the most traded pair. SGD is widely used across Southeast Asia for trade settlement and is considered one of the region's most stable currencies.
Most SGD conversions pass through one of the major pairs listed below. For less common combinations, rates are computed as cross-rates through USD or EUR, which may carry a slightly wider spread.
Practical notes for Singapore Dollar
Travel and card conversions
If you are spending in Singapore Dollar, a card with no foreign transaction fee is typically the best option. Always choose to be charged in SGD (the local currency) at point of sale - selecting your home currency triggers Dynamic Currency Conversion, which adds an unnecessary 3-6% markup to your transaction.
Bank spreads
Banks and exchanges add different markups for different currencies. SGD typically has moderate spreads (2-4%) because it is traded in reasonable volume.
The Monetary Authority of Singapore (MAS) and the Singapore Dollar
The Monetary Authority of Singapore (MAS) is unique - it uses the exchange rate, not interest rates, as its primary monetary policy tool.
Policy tool: The SGD Nominal Effective Exchange Rate (S\$NEER) band, adjusted semi-annually in April and October. MAS can change the slope, width, or center of the band.
Key data releases: Singapore GDP (advance estimates), CPI, and MAS monetary policy statements (semi-annual).
Did you know?
- Singapore's Monetary Authority uses the exchange rate - not interest rates - as its primary monetary policy tool, making SGD unique among major currencies.
Frequently asked questions
What is the SGD exchange rate today?
The live mid-market rate is shown in the converter above. It updates every 60 seconds during market hours (Sunday 5pm ET through Friday 5pm ET). Scroll down to see SGD rates against all supported currencies.
What is the mid-market rate for Singapore Dollar?
The mid-market rate is the midpoint between wholesale buy and sell prices - the fairest benchmark before any provider adds markup. It is the rate shown on this page. Your bank or service will offer a different rate that includes their margin.
How is SGD performing this month?
Use the converter above and click through to any pair page to see the 30-day range bar, which shows where today's rate sits relative to the recent trend. The rate statistics panel shows 30-day low, high, average, and volatility.
Where can I find historical SGD rates?
Click on any pair page below and scroll to the history chart. You can view 7-day, 30-day, or 1-year history with daily rates. Use the date picker to look up a specific historical date.
What affects the value of Singapore Dollar?
Central bank interest rate decisions from the Monetary Authority of Singapore (MAS) are typically the largest driver. Inflation data, economic growth figures, trade balances, and political stability also matter. On a day-to-day basis, scheduled economic data releases and central bank communication can cause noticeable moves.
Why do different sites show different SGD rates?
Different providers use different data sources, update at different times, and may show rates that already include their markup. The mid-market rate (shown here) is the most neutral benchmark. If a site shows a rate that is noticeably worse, that difference is likely their margin built into the number.
How is the SGD exchange rate set?
Most exchange rates are determined by supply and demand in the global forex market, where banks, funds, and corporations trade currencies 24 hours a day on weekdays. Interest rate differentials between central banks are the biggest long-term driver. No single entity "sets" the rate - it emerges from millions of transactions.
Learn more
- MAS Monetary Policy - How Singapore's unique exchange-rate-based monetary policy works
- Department of Statistics Singapore - Singapore economic data including trade, GDP, and CPI
SGD rate statistics
Singapore Dollar rate context
We compare the current Singapore Dollar exchange rate against its recent trading range to help you decide whether now is a good time to convert. The live analysis updates throughout market hours.
Rate analysis updates when live data is available.
Forex Market Hours
The forex market is open 24 hours a day, five days a week. Trading passes between these major financial centers as the world turns.
| Market | Timezone | Local Time | Status |
|---|---|---|---|
| 🇦🇺 Sydney | AEST | — | — |
| 🇯🇵 Tokyo | JST | — | — |
| 🇬🇧 London | GMT/BST | — | — |
| 🇺🇸 New York | ET | — | — |
All SGD Currency Pairs
Live exchange rate pages for Singapore Dollar against every supported currency.