The USD/SGD is the quote for the US Dollar, the base currency, quoted against the Singapore Dollar, the quote currency.
The SGD became the national currency of Singapore on June 12th, 1967, replacing the Malaya and British Borneo Dollar. Brunei also accepts the Singapore Dollar, and vice versa, per the Currency Interchangeability Agreement between the central banks of Singapore and Brunei.
Singapore is a global financial center and gateway to Asia, and the Singapore Dollar is the 10th most traded global currency. Most online Forex brokers offer the USD/SGD, which has high liquidity and low to average spreads. The S$10,000 banknote is the world’s most valuable banknote in official circulation, together with the B$10,000 banknote of Brunei.
Singapore is a leading developed mixed-market economy with dirigiste characteristics, ranking as the most open and business-friendly economy. Temasek Holdings, the Singaporean sovereign wealth fund, owns stakes in the most valuable domestic companies, is an active investor, and is one of the best-known sovereign wealth funds globally. Singapore is a core FDI outflow financier and benefits from inward foreign direct investment (FDI) flows. Singapore and the Singapore Dollar also benefit from ASEAN membership, which fulfills a central position in East Asian regionalism.
Most Recent
The US dollar has rallied rather significantly against the Singapore dollar during the trading session on Thursday, as we have used the 50-Day EMA as a bit of a springboard.
The US dollar has fallen over 6/10 of a percent against the Singapore dollar, which is a significant move considering that the pair does not tend to be overly volatile.
The USD/SGD is trading near the 1.35320 ratio as of this writing with typical fast trading taking place.