EUR/SGD: what to know
The EUR/SGD rate shows how much SGD you get for 1 EUR. Right now, 1 EUR buys 1.4735 SGD at the mid-market rate. In the other direction, 1 SGD is worth 0.6787 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while SGD responds to the MAS-managed currency basket.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. 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 EUR/SGD rate has ranged between 1.4676 and 1.5176 — a change of -1.69% 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.