The CAD/SGD Spot gives traders an indication of how many Singapore dollars they can expect to receive for each Canadian dollar.
The North American nation's currency value is mostly dictated by official economic reports, such as interest rate announcements, trade balance and unemployment levels. However, the commodity markets also play a key role in its fluctuations, as Canada mines various base and precious metals, holds vast oil reserves and is a key player in the forestry sector.
The economic performance of the US impacts heavily on the value of the Canadian dollar, due to the close trading ties that exist between the two neighbouring nations.
Two years after Singapore's independence from Malaysia in 1965, the monetary union between Malaysia, Singapore and Brunei broke down. Singapore issued its first independent coins and notes in 1967. Interchangeability with the Brunei dollar is still maintained.Back to Markets