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    Singapore dollar SGD forecasts 2022

    Forecasts for the Singapore dollar change all the time, affected by news events and relative sentiment towards the Singaporean economy. This continually updated article reviews the latest forecasts from banks and FX experts as well as news and recent movements of SGD in the currency markets.

    Updated: May 19, 2022  
     

    1 SGD = 0.7255 USD
    Sell SGD  →  Buy USD
    SGD to USD at 0.7255 is just 0.8% below its 90-day average 0.7314 with range 0.7160-0.7433.
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      1 USD = 1.3783 SGD
     
    1-DAY+0.8%2d
    14-DAYHIGH

    Singapore Dollar Outlook

    Singapore dollar has risen against most currencies in 2022 (except the strong USD) as Monetary Authority of Singapore (MAS) re-centered the currency band higher in April, to combat the rapidly raising rate of inflation in the island state.

    Due to the city-state’s reliance on trade, unlike most central banks, the MAS uses currency intervention as its main economic management tool.

    DateSGD/USDChangePeriod
    06 May 2022
    0.7218
    0.4% 2 Week
    19 Feb 2022
    0.7430
    2.4% 3 Month
    20 May 2021
    0.7513
    3.5% 1 Year
    21 May 2017
    0.7214
    0.5% 5 Year
    22 May 2012
    0.7872
    7.9% 10 Year
    25 May 2002
    0.5558
    30.4% 20 Year
    SGD/USD change over periods to 20-May-2022

     

    Factors that affect the Singapore dollar exchange rate

    People see the Singapore dollar as a safe haven, so it is often compared to Switzerland, the “Switzerland of Asia.”

    As interest rates are expected to rise in the US, the greenback has been strong against most currencies but not so much versus SGD. This could be because the Monetary Authority of Singapore has already raised interest rates.

    Singapore’s trade-reliant economy has teetered on the brink of a recession as the stop-start coronavirus lock-downs have weakened consumer spending.

    The MAS typically announces policy decisions twice a year, around the middle of April and October.

    Overall, it was a positive 2021 for the Singapore dollar, with 5 percent gains against the euro and also the Australian dollar, but a small loss (2 percent) against the US dollar and steady to the pound.

    You can also read our full Foreign Exchange Guide to Singapore.

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    What is a good Singapore dollar exchange rate?

    Whether the Singapore dollar will rise or drop in the future is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate’s relative value is to look at the rate’s history against a range of currencies and in particular against the currency you are interested in exchanging.

    SGD to AUD

    AUD/SGD hit a recent peak of 1.03 in early April but the Aussie/Sing dollar rate has since dropped to below 0.96 as optimism goes missing around China’s COVID policies.
 Before this latest blow, commodity-linked currencies such as the Aussie dollar had been moving up as Russia’s tragic actions in Ukraine push up demand for oil and other natural resources.

     AUD-SGD Forecasts


     

    SGD to AUD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsSGD to AUD at 1.0274 is 2.1% above its 90-day average 1.0067 with range 0.9711-1.0446. SGD/AUD Rates

     

    SGD to INR

    SGD to INR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsSGD to INR at 56.47 is 1.1% above its 90-day average 55.86 with range 55.21-56.57. SGD/INR Rates

     

    SGD to MYR

    SGD to MYR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsSGD to MYR at 3.1843 is 2.1% above its 90-day average 3.1203 with range 3.0630-3.1906. SGD/MYR Rates

     

    SGD to USD

    SGD to USD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsSGD to USD at 0.7255 is just 0.8% below its 90-day average 0.7314 with range 0.7160-0.7433. SGD/USD Rates

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    Posted under: #Forecasts #SGD
     

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.