Convert EUR to SGD - Euro to Singapore dollar Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE EUR/SGD EXCHANGE RATE
The EUR/SGD symbol denotes the trading of the Euro against the Singapore dollar, and is considered an exotic currency pair in the forex market. The Euro is the second most popularly traded currency in the world, and enjoys the status of being a reserve currency like the US dollar. On the other hand, the Singapore dollar is a highly speculative currency which experiences ample volatility due to the high interest rates and growth potential of the Singapore economy.The EUR is the official currency in use across 19 of the 27 member nations of the European Union, while the SGD is the official currency used across only Singapore. The Euro is among the more stable currencies, owing to the perceived strength of the Eurozone economy. The SGD is considered an important currency that reflects the state of the overall Asian economy, as Singapore is an important gateway for international trade through Asia.The exchange rate of the EUR/SGD currency pair is affected by the market sentiment to some extent, as the Singapore dollar strengthens when the risk appetite is higher in markets. Hence, during a risk-on mood in global markets, EUR/SGD turns bearish. On the other hand, a risk-off sentiment moves traders away from the riskier SGD and towards the relatively safer EUR, turning this forex pair bullish.
EUR to SGD CONVERSION RATES
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<% amount / currencies.converter.rate |toFixed: 4 %> EUR
EUR to SGD CHARTS
EUR/SGD Live Chart
EUR/SGD Historical Chart
EUR to SGD EXCHANGE RATE - FAQ
What economic events impact the currency rate of EUR/SGD?

The exchange rate of the EUR/SGD currency pair experiences significant fluctuations on the release of important economic data from the Eurozone as well as from Singapore, including GDP, trade balance, inflation, employment, PMI readings from manufacturing and services sectors, industrial production and retail sales.

How do central bank decisions affect the EUR/SGD exchange rate?

Changes to the monetary policy or interest rates by the European Central Bank (ECB) and the Monetary Authority of Singapore (MAS) influence the value of the EUR and the SGD respectively and drive price action in this forex pair. For instance, if the ECB hikes interest rates or adopts a more hawkish approach towards its monetary policy, the Euro strengthens and turns this pair bullish, and vice versa.

What is a good time to trade EUR/SGD?

The EUR/SGD forex pair sees considerable volatility through the Asian and European sessions, when most market moving events from Singapore and Europe take place. This currency pair experiences most movement between 11:00 PM and 04:00 PM GMT, as a result.