ForeXistenZ › Central banks › MAS
Monetary Authority of Singapore (MAS)
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Steers policy through the exchange rate itself, not an interest rate — a rare model.
How the MAS moves the SGD
A central bank sets the interest rate on its currency. Traders compare that rate with the rates of other central banks; the wider the gap, the stronger the pull of money towards the higher-yielding currency. That is why the minutes before a MAS decision are among the most volatile of the month for the SGD. Book I and Book II of the ForeXistenZ trilogy show how to prepare for these days — and when to stay out.
Frequently asked
What does the Monetary Authority of Singapore do?
Steers policy through the exchange rate itself, not an interest rate — a rare model.
Where is the Monetary Authority of Singapore?
The Monetary Authority of Singapore (MAS) is in Singapore, Singapore.
Why do forex traders watch the MAS?
Interest rates are the price of a currency. When the MAS raises or cuts rates — or only hints at it — money moves into or out of the SGD, and SGD reacts within seconds.
Where are the MAS’s decisions published?
Official decisions, statements and the meeting calendar are published on https://www.mas.gov.sg.
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