Loading...

Home pages - full list (A-Z)

SGD to USD - Rate Guide

Singapore Dollar to United States Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

SGD/USD update & alerts

1 SGD = 0.7352 USD

Sell SGD - Buy USD  Invert

SGD to USD - Trading Range (90 Day)
ALERT: 14-DAY HIGHS 🔔 |
90-DAY TREND: At 0.7351 SGD/USD is trading 0.7% above the average 0.7299 with a range 0.719 to 0.737. ALERT: SGD/USD has risen to 14-DAY HIGHS.
Update: 06-Dec 16:07-EST 21:07-GMT 08:07-AEDT(+1D)

More Charts

SGD/USD Exchange Rates and Providers Compared

This guide to the Singapore Dollar to United States Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and SGD to USD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our SGD/USD Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for SGD/USD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

SGD to USD International Money Transfers

  

Foreign Transfer ProvidersReceive USD(U$)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
U$7,307.540.7345S$510.6%
OFX logo
U$7,2930.72930 for BER users (normally $15)0.8%
DBS Bank logo
U$7,128.150.7141183.04%
OCBC Bank International Money Transfers
OCBC Bank logo
U$7,081.470.7153S$1003.68%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
U$7,0650.7091183.9%
HSBC logo
U$7,057.40.7068S$154.01%
Citibank International Money Transfers
Citibank logo
U$6,994.60.7003124.86%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 

TransferWise logo

TransferWise: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:0.7345 (0.1% from mid-rate)
To Amount (USD) U$7,307.54
Total Cost:0.6%
Time:1:10 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.7293 (0.8% from mid-rate)
To Amount (USD) U$7,293
Total Cost:0.8%
Difference:
U$15 USD less than using TransferWise
Time:
Rate Fetched: 1:10 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logo

DBS Bank: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:0.7141 (2.87% from mid-rate)
To Amount (USD) U$7,128.15
Total Cost:3.04%
Difference:
U$179 USD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logo

OCBC Bank: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:0.7153 (2.71% from mid-rate)
To Amount (USD) U$7,081.47
Total Cost:3.68%
Difference:
U$226 USD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:0.7083 (3.66% from mid-rate)
To Amount (USD) U$7,065
Total Cost:3.9%
Difference:
U$243 USD less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logo

HSBC: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:0.7068 (3.86% from mid-rate)
To Amount (USD) U$7,057.4
Total Cost:4.01%
Difference:
U$250 USD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:0.7003 (4.75% from mid-rate)
To Amount (USD) U$6,994.6
Total Cost:4.86%
Difference:
U$313 USD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

WorldRemit logo

WorldRemit: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

SGD and USD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the SGD vs USD, you should pay attention to the recent market trends for both currencies.

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD Forecasts.

 

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD Forecasts.

Why can't I just get the SGD/USD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the SGD / USD was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all SGD Exchange Rates