Foreign exchange and money markets functioning normally: MAS

The central bank said that it is ready to curb “excessive volatility” in the SGD.

The Monetary Authority of Singapore (MAS) assured that the foreign exchange and money markets are functioning normally.

In a statement, Singapore’s central bank said that it is "ready to curb excessive volatility in the Singapore dollar.”

“MAS is closely monitoring developments and assessing the implications for the Singapore economy,” the central bank said in a media release on 3 April 2025.

MAS also said that it is ready to ensure that the country’s foreign exchange and money markets continue to function in an orderly manner.

On 2 April, US President Donald Trump announced reciprocal tariffs affecting all imports, with Singapore hit with a tariff rate of 10%.

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Monetary Authority of Singapore

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