What is unusual about Singapore's monetary policy?
MAS manages the exchange rate rather than interest rates, letting the Singapore dollar float within a band against a currency basket, which keeps it relatively stable.
SGD → CNY · Live exchange rate
SGD to CNY Currency Converter
The Singapore dollar is fairly stable, because Singapore steadies it by managing the exchange rate rather than interest rates. Type the amount above. Card and mobile payments are everywhere there, so you barely need cash.
Common SGD to CNY conversions
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About the SGD to CNY rate
SGD to CNY (Singapore Dollar to Chinese Yuan) is relatively stable. The Monetary Authority of Singapore (MAS) uses the exchange rate—not interest rates—as its main policy tool, managing the Singapore dollar against a basket of currencies, so it tends to fluctuate less. In recent years 1 Singapore Dollar has ranged roughly between 5.2 and 5.6 yuan.
Cash or card in Singapore?
Cash can be pre-ordered at a bank; card and e-payment usage is very high, so daily spending on cards settles at the daily rate.
Why is the Singapore dollar stable?
The MAS managed-float framework, plus Singapore's solid economy and reserves, keep it less volatile than the Aussie or the pound.