Singapore Dollar to United States Dollar - Convert Compare Save
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
Compare SGD/USD Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks for SGD/USD International Money Transfers. Costs are calculated against the amount when SGD is converted to USD at mid-rate.
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7,295 USD
0.7295
0
1.07%
Bank Transfers - Online & Phone, Foreign Currency Accounts
Right now the SGD/USD interbank exchange rate is 0.7369.
It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert United States Dollar to Singapore Dollar.
This SGD/USD Converter calculates equivalent Singapore Dollar to United States Dollar amounts at the market mid-rate.
You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
Singapore Dollar to United States Dollar (SGD-USD) - 10 Year History
The below table shows the historic variation in the SGD/USD exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of SGD versus other currencies : SGD historical charts.
Date
Exchange Rate
Period
Change
23 Apr 2019
0.7366
Latest
16 Apr 2019
0.7382
1 Week
-0.22%
24 Mar 2019
0.7391
1 Month
-0.34%
25 Oct 2018
0.7243
6 Months
+1.7%
23 Apr 2018
0.7544
1 Year
-2.36%
23 Apr 2017
0.7179
2 Years
+2.6%
24 Apr 2014
0.7950
5 Years
-7.35%
25 Apr 2009
0.6719
10 Years
+9.63%
Why can't I just get the SGD/USD market rate I see on Google or in the Media?
The SGD/USD mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the SGD / USD was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market SGD/USD midrate the better deal you are getting.
The three things you need in order to get a good SGD to USD exchange rate
Know the latest SGD/USD market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Currency news and forecasts for Singapore Dollar and United States Dollar
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the SGD vs USD, you should pay attention to both Singapore Dollar and United States Dollar news and forecasts.
Singapore Dollar (SGD) - Market news and forecasts
2019 has begun steadily for the Singapore dollar. In the third week of April, SGD is little changed (<1 percent) on the year against both the US dollar (S$1.356) and Australian dollar (S$0.97), but it continues to impress against the euro, relative to which it has strengthened by 2.5 percent year-to-date to S$1.524—near its strongest level in 2 years. A big-picture view shows SGD trading sideways against the pound since late 2016, now at S$1.763. SGD reached a 17-month high against the Malaysian ringgit in April, at RM3.073.
With core inflation at a 9-month low in the lead-up to this report and quarterly economic growth at a 2-year low, it’s likely that the Monetary Authority of Singapore will keep monetary policy unchanged when it next meets in October.
According to TradingEconomics.com, the Singapore dollar is likely to be worth S$1.37 per US dollar in 12 months’ time (April 2020).
United States Dollar (USD) - Market news and forecasts
In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.
The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.
Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.
United States
East Timor
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British Virgin Islands
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Turks And Caicos Islands
Zimbabwe