Date Wizard Logo

Want to calculate dates? Try Date Wizard!

Currency.Wiki
Updated 3 minutes ago
 SGD =
    CNY
 Singapore Dollar =  Chinese Yuan
Trending: S$ exchange rates for the last 24 hours
  • SGD/USD 0.738206 -0.00867554
  • SGD/EUR 0.715501 0.01199984
  • SGD/JPY 112.576450 -2.93603489
  • SGD/GBP 0.595518 0.00911683
  • SGD/CHF 0.671969 0.01307533
  • SGD/MXN 15.199313 -0.18473388
  • SGD/INR 64.664799 1.63129912
  • SGD/BRL 4.297320 0.00288346
  • SGD/CNY 5.394737 -0.00715975

SGD/CNY exchange rate analysis over the past 90 days

Singapore Dollar to Chinese Yuan exchange rate: Over the last 90 days, the Singapore Dollar weakened by -0.13% against the Chinese Yuan, declining from CN¥5.4019 to CN¥5.3947 per Singapore Dollar. This trend reflects the evolving economic dynamics between the Singapore and the China. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Singapore and China.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Singapore and China.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Singapore or China.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Singapore relative to the China.

The foreign exchange market operates continuously, with currency values being influenced by a myriad of global economic, political, and financial occurrences.

S$

Singapore Dollar Currency

Country: Singapore

Symbol: S$

ISO Code: SGD

Bank: Monetary Authority of Singapore

Interesting fact about Singapore Dollar

The Singapore Dollar (SGD) has been the official currency of Singapore since 1967, when it replaced the Malaysian Dollar. It is managed by the Monetary Authority of Singapore to maintain price stability and economic growth. The SGD is widely accepted in the country, reflecting Singapore's status as a major financial hub and trade center in Southeast Asia.

CN¥

Chinese Yuan Currency

Country: China

Symbol: CN¥

ISO Code: CNY

Bank: People's Bank of China

Interesting fact about Chinese Yuan

The Chinese Yuan (CNY) is the official currency of China, issued by the People's Bank of China. It was first introduced in 1948 and has since undergone several reforms to become more market-oriented. The Yuan is significant in China as it plays a crucial role in the country's economic growth and global trade, and it serves as a symbol of China's economic power and influence in the international marketplace.

Quick Conversion Guide

Frequently Asked Questions

+
The Singapore Dollar to Chinese Yuan exchange rate is influenced by a variety of factors including economic data, political events, central bank decisions, market sentiment, and global financial news.
+
Today conversion rate from 1 SGD to CNY is CN¥5.39.
+
Yes, our site provides historical charts that show the trends and fluctuations in the Singapore Dollar to Chinese Yuan exchange rate over different time periods.
+
While it's impossible to predict rates with certainty, staying informed about market trends and economic forecasts can help you make educated guesses.
+
The exchange rate can fluctuate frequently due to the forex market's high volatility. It can change multiple times within a single day.