The SGD has lost 6.2% of its value since the beginning of the year. 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. 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. These are the average exchange rates of these two currencies for the last 30 and 90 days. The report helps both major players and new entrants to analyze the market in-depth.

The Singapore dollar, abbreviated as SGD, is the official currency of the Southeast Asian island state of Singapore. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider.

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