Inflation came in at 7.5% in August, up from July’s 7.0%. ![]() The high was 1.35 in early 2012 and the low was in early 2020 at 0.83. Singapore: Inflation accelerates in August The aud to sgd exchange rate average is close to 1.06, over the past 10 years.The economy expanded 1.5% in seasonally adjusted quarter-on-quarter terms in Q3, bouncing back from the 0.2% contraction recorded in the prior quarter and beating market expectations. Singapore: GDP rebounds in quarter-on-quarter terms in Q3.Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. Singapore: MAS tightens monetary policy further in OctoberĪt its meeting on 14 October, the Monetary Authority of Singapore (MAS) re-centered the policy band of the Singapore dollar’s nominal effective exchange rate (S$NEER) to its prevailing level. The cost of 1 United States Dollar in Singapore Dollars today is 1.42 according to the Open Exchange Rates, compared to yesterday, the exchange rate. The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro.Non-oil domestic exports (NODX) rose 3.1% on an annual basis in September, on the heels of August’s 11.4% jump. Singapore: Non-oil domestic exports (NODX) increase at a softer rate in September.Inflation came in at 7.5% in September, matching August’s figure, which had marked the highest inflation rate since June 2008. Singapore: Inflation stable in September.Next year, the panel sees the currency trading at 1.41 SGD per USD. Send money with Wise SGD Singapore dollar USD US dollar 1 SGD 0. We compare live prices for money transfer providers in Singapore so you can get the best value for your money. Its next monetary policy meeting is scheduled for October.įocusEconomics Consensus Forecast panelists expect the currency ending this year at 1.40 SGD per USD. Best Singapore dollar exchange rate Compare today’s best exchange rate for Singapore dollar. Nevertheless, the MAS added that it, “stands ready to curb excessive volatility in the trade-weighted Singapore dollar”. ![]() dollar, the MAS stated on 12 August that it, “does not focus on any specific bilateral exchange rate” and that the Singapore dollar remains within its policy band despite “increased volatility in foreign exchange markets following the recent shift in China’s exchange rate policy”. Despite the recent sharp depreciation against the U.S. ![]() As a consequence, the Singapore dollar, which is among a set of currencies that are widely seen as very sensitive to China’s foreign exchange policy, followed the yuan’s path.Īt its latest monetary policy meeting on 15 April, the Monetary Authority of Singapore (MAS) decided to maintain its stance on the “modest and gradual appreciation” of the Singapore dollar nominal effective exchange rate (S$NEER). The crash of the currency followed the surprise change in China’s foreign exchange policy, as its central bank decided to devalue the tightly controlled yuan, leading to a sharp fall of the Chinese currency. The SGD has lost 6.2% of its value since the beginning of the year. The figure was 2.7% weaker than on the same day of the previous month and 12.7% weaker on an annual basis. On 24 August, the Singapore dollar slumped to an over-five-year low trading at 1.41 SGD per USD. Singapore - Exchange Rate Singapore dollar weakens to over-five-year low
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