SGD/EUR: what to know
The SGD/EUR rate shows how much EUR you get for 1 SGD. Right now, 1 SGD buys 0.6790 EUR at the mid-market rate. In the other direction, 1 EUR is worth 1.4729 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while EUR responds to ECB policy and eurozone growth.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the SGD/EUR rate has ranged between 0.6589 and 0.6845 — a change of +2.14% 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.