The Bottom Line
Over 10 years, MUR lost 33% vs USD, 49% vs SGD, and 79% vs Gold. Holding MUR cash means guaranteed wealth erosion at ~4-5% per year.
The data is clear: S&P 500 (+426% in MUR) and Gold (+381% in MUR) dramatically outperformed all currencies. Among pure currencies, SGD is best (+49%, lowest volatility). INR is the worst — MUR actually strengthened against it.
Using an MCB credit card to buy SGD costs ~3.5-4.5% in fees. A SWIFT transfer from an MCB Foreign Currency Account costs only 0.125% (max USD 75). Don't use your credit card for large purchases — use SWIFT.
Best Asset (Risk-Adj)
S&P 500
+426% / 10Y in MUR
Best Inflation Hedge
Gold
+381% / 10Y in MUR
Best Currency
SGD
+49% / 10Y, 3.5% vol
Worst Option
INR / JPY
MUR gained or held vs these
Dashboard 1 · Currency Comparison
MUR vs 6 Currencies + Gold (10-Year)
Interactive chart comparing MUR against USD, SGD, EUR, GBP, INR, MYR & Gold from Jan 2016 to Jun 2026. Toggle currencies, switch between nominal and real (CPI-adjusted) views. Raw data tables with source links per currency pair.
SGD +49% (best currency)Gold +381%INR -6% (worst)
→ Open Dashboard →mur-forex.pages.dev
Dashboard 2 · Beyond Cash
Alternative Assets: Equities, Gold, Crypto vs Currencies
Compares 8 assets in MUR terms: S&P 500, Gold, Bitcoin, SGD, CHF, USD, AUD, JPY. Shows that equities and gold crush all currencies. Includes 6 ranked protection strategies with pros/cons, and a diversified portfolio recommendation.
S&P 500 +426% (best risk-adj)Bitcoin +18,490% (extreme risk)CHF +67% (safe haven)
→ Open Dashboard →mur-alternatives.pages.dev
Dashboard 3 · Costs, Assets & Forecast
MCB Credit Card Fees + SGD Assets + 5-Year MUR Forecast
Interactive cost calculator for buying SGD with MCB credit card (2.50% fee + ~2% hidden FX markup). Lists SGD assets you can buy (REITs 4-5.5% yield, STI ETF, SGS bonds). 5-year MUR/SGD and MUR/USD forecast with IMF/BoM/MAS sources and detailed reasoning.
MCB card cost ~3.5-4.5%SWIFT transfer 0.125% (cheaper)MUR/SGD 2031 ~45.0 (forecast)
→ Open Dashboard →mcb-sgd-forecast.pages.dev
Recommended Action Plan
- Don't use your MCB credit card for SGD purchases. The 2.50% conversion fee + ~2% hidden FX markup = ~4% total cost. Avoid cash advances at all costs (2% + 2.50% + 16.75% interest from day 1).
- Open an MCB Foreign Currency (SGD) Account. Convert MUR to SGD at the bank counter (better rate than card). SWIFT transfer commission: 0.125% (min USD 10, max USD 75).
- Open an Interactive Brokers or Saxo account. Mauritius residents can open these. They offer SGX access (REITs, STI ETF, SGS bonds). KYC required (passport, proof of address, source of funds).
- SWIFT transfer SGD to your broker. From MCB SGD account to broker account. Cost: ~MUR 500-1,000 flat fee + 0.125% commission. Much cheaper than credit card for amounts > MUR 50,000.
- Buy a diversified SGD portfolio: 40% STI ETF (ES3.SI — 3.4% yield + growth), 40% SGX REITs (CICT, Ascendas, Keppel DC — 4-5% yield), 20% SGS 10-Year bonds (2.0% yield, safest).
- Consider adding non-SGD assets: 30% S&P 500 ETF (via same broker — USD denominated, +426% in MUR over 10Y), 20% Gold ETF (GLD/IAU — +381% in MUR, crisis hedge).
- Rebalance annually. Review allocation once a year. If MUR depreciates faster than forecast (~5%+ p.a. vs SGD), increase foreign allocation.
- Monitor the forecast. MUR/SGD expected to reach ~45.0 by 2031 (from 37.0 today). If you invest MUR 1M in SGD REITs now, projected 3-year return: +42-48% in MUR terms (FX appreciation + dividends + capital growth).
Key Numbers at a Glance
MUR/USD Today
47.35
vs 35.54 in 2016 (+33%)
MUR/SGD Today
37.06
vs 24.94 in 2016 (+49%)
MUR/USD 2031 (Forecast)
58.5
+22% from today
MUR/SGD 2031 (Forecast)
45.0
+22% from today
MCB Card Fee
~4%
all-in on SGD purchases
SWIFT Transfer Fee
0.125%
max USD 75 — much cheaper
Best SGD Asset Yield
5.5%
SGX REITs (MPACT)
3Y ROI (SGD REITs)
+42-48%
in MUR terms (projected)