XAG/SGD: what to know
The XAG/SGD rate shows how much SGD you get for 1 XAG. Right now, 1 XAG buys 81.6849 SGD at the mid-market rate. In the other direction, 1 SGD is worth 0.0122 XAG.
In the short term XAG is driven mainly by industrial demand and precious-metal trends, while SGD responds to the MAS-managed currency basket.
“XAG” uses silver’s Latin symbol Ag (argentum). The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.