Singaporean Dollar

• The Monetary Authority of Singapore (MAS) serves as a central bank and has the function of ensuring the non-inflationary growth of the Singaporean economy.
• Price setting method: the exchange rate is described as “supervised”. MAS still controls the evolution of the SGD against a basket of international currencies, whose composition is not public.

• Singapore’s currency is one of the only freely convertible and transferable Asian currencies.

• As Singapore is an outward-looking economy, MAS tends to intervene to limit the excessive appreciations of SGD.

There are no particular restrictions on the purchase and sale of SGD.