CAD/SGD: what to know
The CAD/SGD rate shows how much SGD you get for 1 CAD. Right now, 1 CAD buys 0.9195 SGD at the mid-market rate. In the other direction, 1 SGD is worth 1.0875 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while SGD responds to the MAS-managed currency basket.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Over the past 12 months the CAD/SGD rate has ranged between 0.9065 and 0.9433 — a change of -1.08% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.