Singapore dollar (SGD) market outlook and exchange rates

SGD Market Update

28 Jul 2026 • 00:28 GMT

SGD/USD 0.7743

The Singapore dollar has remained relatively stable against the US dollar, with SGD/USD at 0.7743, slightly below its 3-month average of 0.7783. The pair has traded within a narrow range from 0.7708 to 0.7893, reflecting market caution amid ongoing global economic tensions. US economic factors, including inflation data and geopolitical developments, are influencing USD movements. The dollar's recent strength has been supported by rising energy prices due to Middle East tensions and expectations of monetary policy updates from major central banks.

While SGD is holding firm, investors are watching for any potential MAS policy decisions later this year, which could impact the currency’s direction. The USD/SGD exchange rate might see some volatility around resistance at 1.2980 and support near 1.2850, especially if US or Singaporean economic data surprise markets.

Overall, the SGD's position remains steady, trading close to its recent averages with limited volatility. Market participants should stay alert to US inflation releases and geopolitical risks, which could influence the SGD’s short-term moves.