XAU/SGD: what to know
The XAU/SGD rate shows how much SGD you get for 1 XAU. Right now, 1 XAU buys 5,548.97 SGD at the mid-market rate. In the other direction, 1 SGD is worth 0.000180214 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while SGD responds to the MAS-managed currency basket.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. 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.