About EUR/SGD
EUR/SGD pairs the euro against a currency that is managed rather than floated. The Monetary Authority of Singapore conducts policy through the exchange rate itself, guiding the Singapore dollar within an undisclosed band against a trade-weighted basket of currencies, and adjusting that band rather than setting an interest rate. The result is a pair where one leg responds to a rate cycle and the other to a currency policy.
What Moves EUR/SGD?
The MAS policy band
Scheduled reviews can change the slope, width or centre of the band. These are the Singapore dollar’s equivalent of rate decisions and the most consequential events for the pair.
European Central Bank policy
The euro leg moves on ECB decisions and euro-area data in the ordinary way.
Asian trade conditions
Singapore is a trade and shipping hub, and its currency reflects regional trade volumes and Chinese demand.
Risk sentiment
The Singapore dollar is generally the steadier of the two legs, which tends to mute the pair relative to other euro crosses.
Trading EUR/SGD
Prices on this page come from our own market feed. The chart, the 52-week range and the performance figures are measured from our own daily closes, and any figure our history cannot support is withheld rather than estimated. Nothing here is a recommendation or a forecast β see our methodology for how each figure is produced.