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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

    USDSGD chart
    90-DAY LOW

    Recent forecasts for the USD/SGD exchange rate suggest that the U.S. dollar's prevailing strength, buoyed by a sturdy domestic economy and higher Treasury yields, could endure challenges for most currencies until the end of the year. According to a Reuters Poll of Forex Strategists, the dollar's resilience is bolstered by ongoing concerns about global growth, particularly in relation to China, which impacts the risk appetite of investors. However, there is an expectation in the market that the dollar may experience a modest pullback next year as the Federal Reserve potentially approaches its initial interest rate cut, hinting at a shift in monetary policy. This anticipated pivot is underpinning projections that the dollar's dominance might soften going into 2024, amidst a complexion of slowing global growth, emerging risks to corporate earnings, and the persisting presence of geopolitical and economic uncertainties.

    On the other side of the pairing, the Singapore dollar experienced a volatile September, with early losses against the dollar being partially recuperated by month’s end as U.S. yields declined. The Monetary Authority of Singapore (MAS), which places great importance on the value of SGD due to its managed float against a basket of currencies, is anticipated by FX analysts to maintain its current foreign exchange policy settings in the coming October meeting. This market view is attributed to recent easing inflationary pressures and a deceleration in Singapore's economic growth. Despite reaching a 10-month low against the dollar on September 27th at US$0.7278, SGD saw only a 1% decline against the USD over the month. Notably, the USD to SGD rate has softened to 90-day lows near 1.3347, which is 1.8% below its 3-month average of 1.3593, on the back of these developments. The currency pair has also demonstrated relative stability, trading within a constrained 2.9% band from 1.3347 to 1.3734, reflecting the mixed currency sentiments drawn from the operational shifts in both economies' fiscal policies and unfolding macroeconomic factors.

    @bestfxrates : USD to SGD remains robust amid U.S. economy and Treasury gains, challenging other currencies. Reuters Poll sees dollar's strength persist till year-end, with potential ease in 2024 due to Fed shifts. SGD volatile in Sept but showed resilience; MAS likely to hold steady in Oct. #USDSGD #Forex

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    USD to SGD Market Data

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

    1 USD =
    1.3297We compare provider deals to this wholesale mid-market rate. Read more
    USD to SGD is at 90-day lows near 1.3297, 2.1% below its 3-month average of 1.3589, having traded in a very stable 3.3% range from 1.3297 to 1.3734
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    90-DAY LOW

    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.

    14 Nov 2023
    1.3% 2 Week
    30 Aug 2023
    1.4% 3 Month
    28 Nov 2022
    3.5% 1 Year
    29 Nov 2018
    2.8% 5 Year
    30 Nov 2013
    6.1% 10 Year
    03 Dec 2003
    22.5% 20 Year
    USD/SGD historic rates & change to 28-Nov-2023

    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.

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

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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