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    SGD to USD Forecasts

    Analysis of recent SGD to US dollar forecasts. We collate forecasts from respected FX analysts together with the latest SGD to USD performance and trends.

     

    What are SGD to USD forecasts?

    According to recent forecasts by FX analysts, the SGD to USD exchange rate is expected to trade between 1.3150 and 1.3450 in May. The performance of the SGD will depend on rate hikes and local economic performance, including inflation and retail sales data. Although the Monetary Authority of Singapore (MAS) recently announced that they will maintain the prevailing rate of appreciation of the SGD nominal effective exchange rate (S$NEER) policy band, the slightly dovish change in language did not help the SGD. However, if the US Fed maintains its current rate hold for the next few months, it is possible to see the SGD gaining some strength back.

    On the other hand, the USD made modest gains recently as a result of bearish market sentiment and increased safe-haven appeal amid increasing economic tensions between China and the US. However, tonight’s PMIs from S&P Global could dampen USD demand, given economists' expectations of weaker services reading and forecasts that factory activity is likely to stall. Additionally, economists expect the US dollar's strength over the past year to eventually reverse in 2023 as the Fed's interest rate hikes cycle finally comes to an end.

    Despite trading in a stable 2.5% range for the past three months, the SGD to USD exchange rate is currently at 90-day lows near 0.7381, which is 1.3% below its three-month average of 0.7476. It is important to note that Singapore's currency is of special importance to MAS, which manages the SGD value against a basket of currencies from the country's major trading partners. Therefore, any changes in the SGD-USD exchange rate will have significant implications for businesses and individuals engaged in international transactions.

    Rate Calculator - 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.

    This exchange rate calculator makes it easy to compare the Total Cost you are being charged on SGD to US dollar currency rates and the possible savings of using various providers.

     

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    SGD to USD Market Data

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

     
    1 SGD =
    0.7406We compare provider deals to this wholesale mid-market rate. Read more
    USD
    SGD to USD at 0.7406 is just 0.9% below its 3-month average of 0.7476, having traded in a very stable 2.4% range from 0.7384 to 0.7563
    |
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    Track Rate

    90-DAYLOW2d
     
    DateSGD/USDChangePeriod
    12 May 2023
    0.7469
    0.8% 2 Week
    25 Feb 2023
    0.7408
    0% 3 Month
    26 May 2022
    0.7286
    1.6% 1 Year
    27 May 2018
    0.7459
    0.7% 5 Year
    28 May 2013
    0.7887
    6.1% 10 Year
    31 May 2003
    0.5776
    28.2% 20 Year
    SGD/USD historic rates & change to 26-May-2023
     

    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.

    To help with this you can add SGD/USD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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.

     
     
     

    Related exchange rate forecasts

     

    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