SGDSingapore DollarSingapore Dollar (SGD)
The Singapore dollar is the official currency of Singapore. The Monetary Authority of Singapore manages the country's monetary framework and currency issuance. SGD is the ISO code used for international payments and exchange-rate records, while the dollar symbol may be used in local prices. One Singapore dollar is divided into 100 cents.
- ISO code
- SGD
- Symbol
- SGD
- Region
- Asia Pacific
- Currency type
- Fiat currency
- Exchange system
- SGD is managed against a trade-weighted basket of currencies within an undisclosed policy band. This is not a fixed public parity, and CurrencyHub's dated provider rate is a separate reference value.
- Last reviewed
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Quick facts
SGD at a glance
Currency profile
How SGD works
The Singapore dollar is the official currency of Singapore. The Monetary Authority of Singapore manages the country's monetary framework and currency issuance. SGD is the ISO code used for international payments and exchange-rate records, while the dollar symbol may be used in local prices. One Singapore dollar is divided into 100 cents.
SGD conversions support travel, trade, investment administration and regional business across Southeast Asia. CurrencyHub presents a dated reference conversion and keeps SGD visible to distinguish the unit from USD, AUD, CAD and other dollar currencies. The result does not include a provider's customer pricing, and the final amount available through a card, bank or transfer service can differ. Singapore manages monetary policy with reference to the exchange rate rather than a single policy interest rate target.
- SGD is divided into 100 cents and must be distinguished from other currencies that use the dollar name.
- Singapore's monetary-policy framework is exchange-rate centered rather than built around a single policy interest-rate target.
Context
Why this currency matters
SGD is an important regional currency used through a major international financial and trading centre. It is frequently compared with USD, CNY, JPY, MYR and other Asia-Pacific currencies. Singapore-dollar amounts arise in freight, technology services, tourism and regional corporate accounts. Users comparing repeated conversions should use one consistent base direction and note the publication date, rather than assuming that a previously displayed result describes a later bank transaction. That distinction is useful in both personal and business records.
Monetary framework
Exchange arrangement
SGD is managed against a trade-weighted basket of currencies within an undisclosed policy band. This is not a fixed public parity, and CurrencyHub's dated provider rate is a separate reference value.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for SGD
Singapore dollar introduced
Singapore issued its own dollar after the former shared currency-board system ended.
Monetary Authority of Singapore - Singapore's monetary policy frameworkMonetary Authority of Singapore established
MAS was created to combine central-banking and financial-supervision responsibilities.
Monetary Authority of Singapore - Singapore's monetary policy frameworkExchange-rate-centered policy formalized
Singapore developed the trade-weighted exchange-rate framework that became the central monetary-policy mechanism.
Monetary Authority of Singapore - Singapore's monetary policy framework
Usage and economy
How SGD is used
- Prices, wages and payments in Singapore.
- Regional finance and trade comparisons with MYR, BND, HKD and CNY.
Country currency guides
Banknotes and coins
SGD currency units
The Monetary Authority of Singapore documents the Singapore dollar banknote series.
The Monetary Authority of Singapore documents Singapore dollar and cent coins.
One Singapore Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
Currency topics
FAQ
SGD questions
Why does Singapore manage SGD through the exchange rate?
For a small, highly open economy, MAS considers the exchange rate to have a strong influence on imported prices and inflation.
Is SGD fixed to USD?
No. MAS manages SGD against a trade-weighted basket rather than one fixed U.S.-dollar rate.
What is the relationship between SGD and BND?
Singapore and Brunei maintain a currency-interchangeability arrangement, but SGD and BND remain separate currencies with separate issuers.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.