Singapore Dollar
The Singapore dollar (SGD) has generally been stable to strong since the early 2010s and the global financial crisis.
Singapore has a dense population and has been a steady exporter for the bulk of this century. It exports tech, energy products and medicine. Its digital infrastructure ranks fifth best in the world.
Singapore has the second-highest1 GDP per capita among the G20 countries. Through 2022, its five-year, two-year, and one-year GDP growth1 was the highest of the countries whose currencies we offer.
About Singapore
GDP1
$586
Billion
USD
Major Exports2
Circuits
Refined Oil
Gold
Major Export Partners2
China
Hong Kong
U.S.
Budget Deficit3
-0.3%
Trade Flows4
60.4
Billion
SGD
Pros and Cons of the Singapore Dollar
- Backed by an exceptionally stable, well-managed economy5
- Managed exchange-rate policy that prioritizes stability6
- Major global financial hub7
- Limited monetary-policy flexibility6
- Sensitive to global trade cycles8
- Not a major global reserve currency9
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;?continent=g20
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://www.worldbank.org/en/country/singapore/overview
6. https://www.mas.gov.sg/monetary-policy
7.https://www.mas.gov.sg/development/why-singapore
8. https://www.imf.org/en/Countries/SGP
9. https://data.imf.org/en/datasets/IMF.STA:COFER
How to Buy the Singapore Dollar
Currency CD
Term
APY
3 Month
0.10%
6 Month
0.10%
9 Month
0.10%
12 Month
0.10%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
Available Currencies
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Singapore Dollar
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