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 growth10 was the highest of the countries whose currencies we offer.
About Singapore
GDP10
$547
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
It’s as easy as open, fund, trade.
Open a Global Markets Portfolio
Start a Global Markets Portfolio with a Cash Account
Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
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%
How to Open An Account
Buying and selling foreign currencies begin with a Global Markets High Yield Cash Account, which serves as the funding account for your currency transactions. Once it’s open, you will automatically receive a Global Markets Portfolio. This Portfolio will allow you to buy and sell any of the 20 foreign currencies available.
Global Markets
High Yield Cash Account
The High Yield Cash Account with Global Markets access delivers the typical features of a checking account but adds high yields for every dollar in your account.
On top of that, it serves as the launchpad to funding your precious metals and foreign currency transactions as well as access to all Global Markets Products.
- Use as the funding account for precious metals and foreign currency transactions
- ACH transfers to/from external accounts
- Free online bill pay
- Debit card with $30/month of ATM fee reimbursement if charged (Coming Soon)
- 1st order of checks complimentary
- $5 monthly fee waived, no minimum balance required
Currency Deposit
- $2,500 minimum initial trade per currency
- After initial trade, no minimum trade amount required
Currency CD
- $10,000 minimum initial trade per Currency CD
- After initial trade, no minimum trade amount required
Available Currencies
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