The Singapore dollar - often shortened locally to Sing dollar - is the official currency of Singapore. The international currency code for the Singapore dollar, used in exchange offices and official documents, is SGD. You'll also see the regular dollar symbol - $ - used, although SG$ and S$ are also substituted to distinguish Singapore dollars from other dollar currencies. SGD is one of the strongest currencies in the Asia Pacific region, and the 13th most traded currency in the world.
The most popular exchange pairs for the Singapore Dollar (SGD) are with USD, IDR, and EUR.
The Singapore Dollar (SGD) is being used in Singapore, Brunei.
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Popular Singapore Dollar exchange rates
Currency | 1 SGD equals | Conversion | % Change (24 hours) | In SGD | Reverse conversion | |
---|---|---|---|---|---|---|
US Dollar | 0.77 | SGD USD | +0.06 | 1.3 | USD SGD | |
Euro | 0.69 | SGD EUR | +0.03 | 1.44 | EUR SGD | |
Pound Sterling | 0.58 | SGD GBP | +0.03 | 1.71 | GBP SGD | |
Australian Dollar | 1.14 | SGD AUD | -0.30 | 0.88 | AUD SGD | |
Brazilian Real | 4.22 | SGD BRL | +0.04 | 0.24 | BRL SGD | |
Canadian Dollar | 1.05 | SGD CAD | +0.02 | 0.95 | CAD SGD | |
Chinese Yuan Renminbi (RMB) | 5.47 | SGD CNY | +0.05 | 0.18 | CNY SGD | |
Swiss Franc | 0.66 | SGD CHF | +0.18 | 1.53 | CHF SGD | |
Indian Rupee | 64.62 | SGD INR | +0.07 | 0.02 | INR SGD | |
Japanese Yen | 110.501 | SGD JPY | +0.34 | 0.009 | JPY SGD | |
Hong Kong Dollar | 6.02 | SGD HKD | +0.06 | 0.17 | HKD SGD | |
South African Rand | 13.53 | SGD ZAR | -0.07 | 0.07 | ZAR SGD | |
Malaysian Ringgit | 3.28 | SGD MYR | +0.29 | 0.3 | MYR SGD | |
Turkish Lira | 26.31 | SGD TRY | +0.08 | 0.04 | TRY SGD | |
New Zealand Dollar | 1.24 | SGD NZD | 0.00 | 0.8 | NZD SGD |
More SGD exchange rates
Mid-market rates, correct as of 19th September 2024, 04:00 GMT.
The currency code SGD is used to refer to Singapore dollars - the official currency of Singapore, which is also used in Brunei.
The first Singapore dollars were issued in 1967, after Singapore's independence from Malaysia and the breakdown of the local monetary union between Singapore, Malaysia and Brunei. However, these currencies remained closely linked - SGD was exchangeable at par with the Malaysian ringgit until 1973, and remains interchangeable with the Brunei dollar today.
The currency symbol used to denote the Singapore dollar is $. You'll also find S$ or SG$ used to differentiate Singapore dollars from US and other dollar currencies.
The value of SGD changes according to market forces - although the Monetary Authority of Singapore can intervene to keep the value stable when it needs to. The best way to check what SGD is worth compared to your currency is to use a Google search or an online currency converter. This will show the mid-market exchange rate for your currency pair - the value of SGD on the wholesale currency markets.
The best SGD-USD exchange rate available is likely to be the mid-market exchange rate - the one used on global currency markets.
However, this rate changes all the time due to fluctuations in supply and demand. You'll be able to find the live mid-market SGD-USD exchange rate using a simple Google search.
It's worth knowing that the mid-market exchange rate isn't used by many banks and exchange services. Instead it's common for providers to add a markup - an extra fee - to the rate offered to regular customers. That means that to find the best SGD-USD exchange rate available for retail customers you'll need to do some research. Look out for providers which use the mid-market exchange rate and charge a transparent fee for their services, as these are likely to work out best value overall.
The Singapore dollar is not pegged to the US dollar. SGD is allowed to float within a monitoring band - meaning the value will go up and down but is kept within a preset range based on the value of currencies used by its major trading partners.