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SGD to USD 2024 Forecasts

Analysis of recent Singapore dollar → Dollar forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Singapore dollar to US dollar performance and trends.

 

Forecasts for SGD to USD

 

Recent forecasts and currency market updates suggest a mixed outlook for the SGD to USD exchange rate. The Singapore dollar had a challenging start to the year but is expected to stabilize in February due to the Monetary Authority of Singapore (MAS) maintaining an unchanged monetary policy. This decision was perceived as slightly hawkish by the market, instilling confidence in Singapore’s domestic economy. Despite hitting a 3-month low in mid-January, the SGD managed to hold steady against the USD in February, trading within a relatively narrow range of 1.34-1.35.

On the other hand, the US Dollar rallied following higher-than-expected inflation figures, leading to speculations of a delay in potential rate cuts by the Federal Reserve. The US economy’s robust performance, as evidenced by a strong job growth report, has shifted market expectations, with a June rate cut now being considered. Market volatility and upcoming US economic data, such as CPI and retail sales figures, are likely to influence the timing of any potential rate adjustments by the Fed. The SGD to USD exchange rate experienced stability near its 3-month average, trading within a tight range over the past week, reflecting the cautious sentiment prevalent in the market amid global economic uncertainties and central bank actions.

 
@bestfxrates : 📈 SGD to USD remains stable trading within a 1.34-1.35 range despite a tough start to the year. MAS's unchanged policy has underpinned confidence. In contrast, strong US inflation figures & job growth shift Fed rate cut expectations, increasing USD strength. Watch for upcoming CPI & retail data for potential volatility. #Forex #SGDUSD #CurrencyUpdate

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SGD to USD Market Data

Singapore dollar (SGD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 SGD =
0.7446We compare provider deals to this wholesale mid-market rate. Read more
USD
-0.2%
📉1W
SGD to USD is at 7-day lows near 0.7465, near its 3-month average, having traded in a very stable 2.4% range from 0.7400 to 0.7579
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Compare & Save - Singapore dollar to US dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to US dollar (USD) rates from different sources before making a conversion.

Use our SGD to USD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Singapore dollar to Dollar currency rates and the possible savings of using various providers.

 
DateSGD/USDChangePeriod
04 Mar 2024
0.7444
0.3% 2 Week
19 Dec 2023
0.7525
0.8% 3 Month
19 Mar 2023
0.7459
0.1% 1 Year
20 Mar 2019
0.7431
0.5% 5 Year
21 Mar 2014
0.7846
4.8% 10 Year
23 Mar 2004
0.5923
26.1% 20 Year
SGD/USD historic rates & change to 18-Mar-2024
 

Will the Singapore dollar rise against the US dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

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Read our Currency guide to the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.

 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more