SGD Market Update
13 May 2026 • 00:29 GMT
The Singapore dollar (SGD) remains relatively stable against the US dollar, trading at around 0.7862, just above its three-month average. This reflects a narrow trading range with a 2.4% fluctuation from 0.7736 to 0.7924. The SGD’s resilience is supported by cautious expectations of a potential steepening of the Nominal Effective Exchange Rate (NEER) by the Monetary Authority of Singapore (MAS), aimed at combating inflation amid rising oil prices.
Against the euro and the British pound, the SGD continues to trade just below its three-month averages, maintaining stability with minimal fluctuations. The SGD’s slight strength against the Indian rupee, reaching 75.19, highlights regional currency dynamics, with the INR near 90-day highs.
The USD, after recent declines driven by easing geopolitical tensions, remains below its 200-day moving average, suggesting a cautious bearish outlook. The market will monitor whether US-China relations or US economic policies could influence USD strength in upcoming weeks.
Overall, the SGD’s movement remains within a narrow range, with little sign of significant shifts unless there are major geopolitical developments or MAS policy changes.
📊 Quick forecast view
🔴 Mild downside
0.7790 – 0.7920
🏦 Central bank policy divergence
⚪ Range-bound
