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USD to SGD 2024 Forecasts

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

 

Forecasts for USD to SGD

 

Recent exchange rate forecasts based on the analysis of USD and SGD indicate a strengthening trend for the US dollar (USD) against the Singapore dollar (SGD) in the near term. Despite the US dollar's momentum being capped by falling US Treasury yields, FX analysts predict that the USD may maintain its positive trajectory if market risk appetite remains weak. The blowout January jobs report in the US has shifted expectations for rate cuts, with ING forecasting no March interest rate cut and sticking to their May rate cut call, suggesting potential USD appreciation against the SGD.

On the other side, the Singapore dollar has shown signs of stability as the Monetary Authority of Singapore (MAS) opted for an unchanged monetary policy, providing support to the SGD. Mixed domestic economic data, along with influences from US inflation levels, have kept the SGD trading within a narrow range against the USD. Despite briefly dropping to a 3-month low in mid-February, the SGD finished the month marginally lower, indicating resilience in the face of external factors. With the upcoming interest rate decision from the Federal Reserve and local inflation trends in Singapore being crucial factors to monitor, the USD to SGD exchange rate may see fluctuations based on these developments.

Overall, the USD to SGD exchange rate at 1.3456 remains relatively stable, hovering just 0.5% above its 3-month average of 1.3389, suggesting a consolidation phase in the currency pair. As the market awaits further signals from the Fed and closely observes domestic economic conditions in both the US and Singapore, any shifts in monetary policy or economic data releases could impact the USD to SGD exchange rate in the coming weeks.

 
@bestfxrates : USD to SGD remains stable at 1.3456, hovering just above the 3-mo avg. Despite US Treasury yield dips, FX analysts see USD strength on weak risk appetite & ING's no March rate cut forecast. MAS' steady policy supports SGD. Eyes on Fed & local inflation for future rate moves. #USDSGD #Forex

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USD to SGD Market Data

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

 
1 USD =
1.3499We compare provider deals to this wholesale mid-market rate. Read more
SGD
+0.2%
📈1M
USD to SGD at 1.3480 is just 0.7% above its 3-month average of 1.3392, having traded in a very stable 2.4% range from 1.3194 to 1.3514
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Compare & Save - US dollar to Singapore dollar

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

Use our USD to SGD 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 Dollar to Singapore dollar currency rates and the possible savings of using various providers.

 
DateUSD/SGDChangePeriod
13 Mar 2024
1.3321
1.2% 2 Week
28 Dec 2023
1.3203
2.1% 3 Month
28 Mar 2023
1.3279
1.5% 1 Year
29 Mar 2019
1.3553
0.6% 5 Year
30 Mar 2014
1.2590
7.1% 10 Year
01 Apr 2004
1.6724
19.4% 20 Year
USD/SGD historic rates & change to 27-Mar-2024
 

Will the US dollar rise against the Singapore 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 Singapore - a practical currency and money guide to travel, living and doing business in Singapore with the Singapore 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