The GBP/SGD is the representation of the amount of Singapore dollars (SGD) that can be purchased for one British pound (GBP) - and it is an important guide for those interested in forex trading, as well as those looking to travel between the two countries.
The price of sterling is mainly influenced by the economic performance of the country, with inflation, unemployment and trade reports exerting both upward and downward pressures, as well as the base interest rate set by the Bank of England.
Due to the manufacturing industry in the UK, the value of commodities such as coal, aluminium and oil can also be a key factor.
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