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SGD/USD 10 - Convert Compare Save

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.

 

This resource page for the Singapore Dollar to United States Dollar exchange rate, has news, forecasts and SGD to USD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

SGD/USD Exchange Rates - How to Compare & Save

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

  

ProvidersReceive USD($)Exchange RateFee SGDTotal CostDeal Links
OFX logo
7,362 USD0.736200.41%
DBS Bank logo
7,229.96 USD0.7243182.19%
HSBC logo
7,159.25 USD0.717S$153.15%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
7,151 USD0.7177183.26%
OCBC Bank International Money Transfers
OCBC Bank logo
7,120.08 USD0.7192S$1003.68%
Citibank International Money Transfers
Citibank logo
7,095.48 USD0.7104124.01%
 
OFX: Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:0
Exchange Rate:0.7362 (-0.41% from mid-rate)
USD amount:7,362 USD
Total Cost:0.41%
Time:
Rate Fetched: 2:30 Local
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.7243 (-2.02% from mid-rate)
USD amount:7,229.96 USD
Total Cost:2.19%
Time:2:30 Local
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:S$15 SGD (.15%)
Exchange Rate:0.7170 (-3% from mid-rate)
USD amount:7,159.25 USD
Total Cost:3.15%
Time:2:30 Local
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.7185 (-2.8% from mid-rate)
USD amount:7,151 USD
Total Cost:3.26%
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:S$100 SGD (1%)
Exchange Rate:0.7192 (-2.71% from mid-rate)
USD amount:7,120.08 USD
Total Cost:3.68%
Time:2:30 Local
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:0.7104 (-3.9% from mid-rate)
USD amount:7,095.48 USD
Total Cost:4.01%
Time:2:30 Local
Rating:
: /5.0
Reviews:
 
Snapshot 06/25/2019 - See full table

S$13.54 SGD = $10 USD

At the below mid-rate S$13.54 SGD is equivalent to $10 USD.

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on SGD/USD exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

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