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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

     

    Recently, the Singapore dollar (SGD) struggled against the US dollar (USD) due to rising US treasury yields and persistent inflation rates in the US, hitting a five-month low in early May. FX analysts suggest the MAS’s steady monetary policy and the anticipated 3% core inflation in the near term could help mitigate the downward pressure on the SGD. Additionally, Singapore's GDP growth projections and stable rates for MAS Treasury Bills and Singapore Government Securities indicate that the currency pair may experience controlled volatility within a predictable range unless there are significant geopolitical risks or unexpected shifts in US inflation.

    In contrast, the USD experienced a decline as US inflation levels cooled in April, leading to speculations of potential Federal Reserve rate cuts. While the US economy showed strength, with better-than-expected job reports pushing back expectations for rate cuts to June, uncertainties surrounding inflation and interest rate decisions persist. In the coming weeks, the focus will be on key data releases, such as US inflation data and the outcomes of the Federal Open Market Committee (FOMC) meetings, which could influence the direction of the USD against major currencies like the SGD. At the moment, the SGD to USD exchange rate seems stable, hovering just above its three-month average, reflecting a range-bound movement for the currency pair recently.

     
    @bestfxrates : The SGD struggles against the USD amid US treasury yield rise & inflation woes, hitting a 5-month low. A stable MAS policy & expected 3% core inflation may ease the fall. Meanwhile, a cooler US April inflation spurred Fed rate cut rumors. Watch for key US data & FOMC meetings—volatility lies ahead. #SGDUSD #ForexUpdate

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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 =
    0.7425We compare provider deals to this wholesale mid-market rate. Read more
    USD
    -0.1%
    1M
    SGD to USD at 0.7422 is near its 3-month average, having traded in a very stable 2.6% range from 0.7324 to 0.7516
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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
    06 May 2024
    0.7402
    0.3% 2 Week
    20 Feb 2024
    0.7442
    0.3% 3 Month
    21 May 2023
    0.7437
    0.2% 1 Year
    22 May 2019
    0.7250
    2.4% 5 Year
    23 May 2014
    0.7981
    7% 10 Year
    25 May 2004
    0.5827
    27.4% 20 Year
    SGD/USD historic rates & change to 20-May-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