Currency profile

Singapore Dollar (SGD)

The Singapore dollar (SGD) is the official currency of Singapore, divided into 100 cents. It is managed against an undisclosed trade-weighted basket of currencies within a policy band by the Monetary Authority of Singapore.

Exchange-rate regime

Managed float against a currency basket. The Monetary Authority of Singapore manages the dollar’s trade-weighted value against an undisclosed basket of currencies, allowing it to float within a policy band on a set path. The band’s width and the basket’s composition are not disclosed, and policy is reviewed twice a year.

The issuing central bank

The Monetary Authority of Singapore, established in 1971 and sole currency issuer since 2002, manages the dollar against a basket of currencies.

History

1. 1967Under a 1967 agreement the Singapore dollar and Brunei dollar became interchangeable at par, an arrangement still in force.
2. 1971The Monetary Authority of Singapore was established.
3. 1981Singapore adopted the exchange rate, rather than interest rates, as its main monetary-policy tool.

Coins and banknotes

One dollar is divided into 100 cents. Coins: 5, 10, 20 and 50 cents and 1 dollar. Banknotes: 2, 5, 10, 50 and 100 dollars; the 1,000-dollar note remains legal tender but is no longer issued.

Popular Singapore Dollar pairs

What moves it

• The dollar is managed against a basket within a band, so its rate reflects that policy rather than a free float.
• Because of Singapore’s very open, trade-dependent economy, the exchange rate is the main monetary-policy tool.
• Singapore is a global financial and trade hub, so large volumes of the currency are exchanged daily.

Structural facts reviewed 8 August 2026 · reviewed quarterly. Sources: Monetary Authority of Singapore. Live rates are mid-market — see our Methodology and Editorial Policy.