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Singapore - Singapore dollar - Currency Guide

 

Foreign exchange guide to Singapore and the Singapore dollar (SGD)

     

USD/SGD Trend (90-day)

USDSGD at 1.3344 is near its 90-day average, 1.3188-1.3503 range.
30DLOW
|
Alert:30DLOW |
 
Recent USD to SGD Trend + Alerts

The above interactive chart shows the USD/SGD Exchange Rate, Trends and Alerts - UP DOWN HIGH LOW

General Currency Info - Singapore dollar

According to the Bank for International Settlements, trading in the Singapore dollar contributes to 1.8% of the foreign exchange market’s daily turnover, and as such the currency is Asia’s third most traded (behind the Japanese yen and China’s yuan) and the twelfth most traded in the world.

Singapore’s currency is of special importance to the country’s central bank, the Monetary Authority of Singapore (MAS). Unlike other central banks which tighten or ease monetary policy by adjusting a national interest rate, the MAS achieve the same end via management of Singapore dollar exchange rates – an unconventional method which has served the country well since its introduction in 1981.

Because of its importance to monetary policy, the value of the Singapore dollar is managed carefully under a ‘managed float’ regime and is not truly freely floating. Its value is managed against a basket of currencies from the country’s major trading partners and the trade-weighted Singapore dollar exchange rate is restricted by the central bank to moves within a specified range, the boundaries of which are announced every six months.

The currency’s all-time valuation low against the US dollar occurred in September 1985 when USD/SGD reached 2.31. It's all-time high came in August 2011 when USD/SGD fell to just 1.2.

   

SGD News, Forecasts and Trends

Forecasts

Overall, it was a poor to mixed 2020 for the Singapore dollar, with a 9 percent drop against the euro and 8 percent versus the Australian dollar, but small gains (2 percent) against the US dollar and steady to the pound.

 SGD Markets

For more SGD currency market forecasts you can read the full article Singapore dollar Forecasts.

US dollar to Singapore dollar - Historical Rates

USD/SGDChangePeriod
1.3418
09 Apr 2021
0.6% ▼1 Week
1.3396
17 Mar 2021
0.4% ▼30 Days
1.3300
16 Jan 2021
0.3% ▲90 Days
1.4241
16 Apr 2020
6.3% ▼1 Year
1.3595
17 Apr 2016
1.8% ▼5 Years
1.2457
19 Apr 2011
7.1% ▲10 Years

USD/SGD 10 year historic rates & change to 16-Apr-2021 : 1.3344

 

$10,000 USD
=
S$13,343 SGD

Converted at USD/SGD interbank rate, compare Send Money and Currency Exchange exchange rates.

US dollar to Singapore dollar - Quick Convert

USD SGD
$ 1 S$ 1.3343
$ 5 S$ 6.6715
$ 10 S$ 13.34
$ 20 S$ 26.69
$ 50 S$ 66.72
$ 100 S$ 133.43
$ 250 S$ 333.58
$ 500 S$ 667.15
$ 1,000 S$ 1,334
$ 2,000 S$ 2,669
$ 5,000 S$ 6,672
$ 10,000 S$ 13,343
$ 50,000 S$ 66,715
$ 100,000 S$ 133,430
More amounts
USD SGD
$ 0.7495 S$ 1
$ 3.7475 S$ 5
$ 7.4950 S$ 10
$ 14.99 S$ 20
$ 37.48 S$ 50
$ 74.95 S$ 100
$ 187.38 S$ 250
$ 374.75 S$ 500
$ 749.50 S$ 1,000
$ 1,499 S$ 2,000
$ 3,748 S$ 5,000
$ 7,495 S$ 10,000
$ 37,475 S$ 50,000
$ 74,950 S$ 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Singapore?

The domestic currency in Singapore is the Singapore dollar.

What is the Singapore dollar currency code and symbol?

The three letter currency code for the Singapore dollar is SGD — symbol is S$.

Which countries use the Singapore dollar?

It is the domestic currency in    Singapore.

Is the Singapore dollar a closed currency?

No, the Singapore dollar is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Singapore

Famous for it's cleanliness, diverse culture, fantastic food and stunning architecture, Singapore is becoming an increasingly popular destination.. The concrete jungles that once dominated Singapore’s skyline are slowly giving way to green skyscrapers, which look more like living ecosystems than business hubs. Fervently working towards its ‘City in a Garden’ dream, the nation is ploughing money into becoming more sustainable and, well, green. Head out of town a little and you’ll find plenty of walking trails, treetop jungle bridges, wildlife galore and the city's green jewel, the Unesco World Heritage–listed Singapore Botanic Gardens: these are the lungs of Singapore.

What currency is used in Singapore?

Singapore’s official currency is the Singapore Dollar (SGD), and it is divided into 100 cents. Foreign currencies, travelers’ checks, and personal checks can be changed at most banks and licensed money changers. ATMs can be found all over Singapore, and major credit cards are widely accepted.

How to get around in Singapore?

There are plenty of buses and taxis around Singapore, but the Mass Rapid Transit (MRT) runs the length and breadth of the country. The efficient Mass Rapid Transit (MRT) subway system is the easiest, quickest and most comfortable way to get around Singapore. The system operates from 5.30am to midnight, with trains at peak times running every two to three minutes, and off-peak every five to seven minutes. MRT tickets vary in price, as they are based on the distance traveled, but generally cost around 4 SGD. Travel on public transport is just 10 SGD per day for tourists with a Singapore Tourist Pass. This will get you unlimited rides on a number of buses and trains.

Singapore's extensive bus service is clean, efficient and regular, reaching every corner of the island. The two main operators are SBS Transit and SMRT. Both offer similar services. For information and routes, check the websites. Alternatively download the 'SG Buses' smartphone app, which will give you real-time bus arrivals.

For the budget travelers the stalls here offer food for less than 6 SGD and are a great place to sample local snacks, otherwise eating out can cost you. If you struggle with finding your way around there is a very complex underground system that is very useful.

Visit the Southern Islands of Singapore from the Marina South Pier. There are regular bumboat (motorised sampan) services from Changi Point Ferry Terminal to Pulau Ubin (S$3). To get there, take bus 2 from Tanah Merah MRT.

Travel tips for Singapore.

Singapore is not cheap, but that aside it is a classy, and impressive place to visit. Singapore is expensive by Southeast-Asian standards, with everything costing about double what it does elsewhere in the region. However, the extra fees may be worth it because it’s small enough to explore adequately in a short amount of time, and has modern conveniences and infrastructure right at your fingertips.

There is so much to do in Singapore, try to spend a few days, the food is amazing. That said, it can get pretty humid, so depending on your tastes decide on your travel time wisely. Singapore‘s tropical climate means it’s like summer all year round, with temperatures ranging from 26–34 degrees Celsius (about 78–93 degrees Fahrenheit) on average. The high humidity also means a lot of perspiration when outdoors, so pick the right clothing to wear or risk looking like a sweaty, frazzled mess throughout your trip. Plan your outdoor activities for cooler mornings, and urban walks at night when the lights come on.

Food in Singapore is taken very seriously. From cheap hawker fare to Michelin-starred fine dining, food-enamoured Singaporeans will line up for it, Instagram the hell out of it and passionately debate whether it is ‘die, die, must try’ – Singlish slang for ‘to die for’. Don’t fret about finding a place to chow down, as each neighbourhood is home to local hawker centres and coffeeshops dishing up some of the island’s best meals for just a couple of bucks.

Located along Marina Bay, Gardens by the Bay is a urban landscaping project is a series of fake “supertrees”. At heights of 80-160 feet, the metal structures have roughly 200 species of orchids, ferns, and other tropical plants coating their structure and forming a lush, colorful skin. It’s free to walk through the outdoor gardens, but you have to pay $8 SGD ($6 USD) for entry if you want to do the OCBC Skyway (the 128-metre long walkway through the canopy of the Supertree Grove).

 

Travel money for Singapore

Save money and time by Ordering your Singapore dollar online from Travelex, you get better rates and can pick up the SGD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Singapore dollar otherwise you may get much worst exchange rates.

 

Send Money to Singapore - Best Rates

To get a good (and fair) exchange rate when sending money to Singapore you need to find and compare exchange rates for International Money Transfers (IMTs).

The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers to Singapore

When sending money to Singapore it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Singapore dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted SGD amount will be transfered to the recipient account you specify in Singapore.

Use the above Send to Singapore dollar calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Singapore dollar deposited into the recipient bank account and less margins and fees kept by the banks!


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