SGD/ZAR
Market Open
15 Jun, 10:28
R
12. 63
+0.006577
+0.0521%
R
121,667 Volume
R 12.619297
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SGDZAR Overview
SGDZAR denotes the exchange rate of the Singapore Dollar (SGD) against the South African Rand (ZAR). It indicates how many rand are required to buy one Singapore dollar and tracks the relative value of the two currencies in the foreign exchange market.
The Singapore Dollar (SGD) is the official currency of the Republic of Singapore and functions as the country’s primary unit of account and medium of exchange. Banknotes and coins are issued and regulated by the Monetary Authority of Singapore (MAS), which also sets monetary policy and aims to maintain currency stability.
The South African Rand (ZAR) is the legal tender of the Republic of South Africa and is used across the domestic economy. The South African Reserve Bank (SARB) issues rand currency and is responsible for implementing monetary policy and preserving price stability.
Movements in the SGDZAR rate reflect supply and demand in FX markets and are influenced by factors such as interest rate differentials, inflation rates, economic growth, and capital flows. Central bank policy decisions, market sentiment and geopolitical developments can quickly shift expectations and drive volatility in the pair.
Market participants monitor SGDZAR for trade settlement, hedging foreign exchange exposure, and speculative trading opportunities that arise from changing relative economic conditions.
The Singapore Dollar (SGD) is the official currency of the Republic of Singapore and functions as the country’s primary unit of account and medium of exchange. Banknotes and coins are issued and regulated by the Monetary Authority of Singapore (MAS), which also sets monetary policy and aims to maintain currency stability.
The South African Rand (ZAR) is the legal tender of the Republic of South Africa and is used across the domestic economy. The South African Reserve Bank (SARB) issues rand currency and is responsible for implementing monetary policy and preserving price stability.
Movements in the SGDZAR rate reflect supply and demand in FX markets and are influenced by factors such as interest rate differentials, inflation rates, economic growth, and capital flows. Central bank policy decisions, market sentiment and geopolitical developments can quickly shift expectations and drive volatility in the pair.
Market participants monitor SGDZAR for trade settlement, hedging foreign exchange exposure, and speculative trading opportunities that arise from changing relative economic conditions.
SGDZAR Chart
SGDZAR FAQ
What is the current SGD/ZAR price?
The current rate is R12.625873, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the SGD/ZAR rate changed today?
The rate has changed by +0.006577 (+0.0521%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was R12.619297, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is SGD/ZAR moving up or down?
Movements in SGD/ZAR are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+0.0521%) is based on the difference between the current rate and the previous closing rate.
Is SGD/ZAR trending up or down right now?
If the current rate (R12.625873) is above the previous close (R12.619297), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for SGD/ZAR directly on this page.
