When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.
| Foreign Transfer Providers Ratings & Reviews | Receive USD($) | Exchange Rate | Fee SGD | Total Cost | Transfer Services | Transfer Speed | Deal Links |
|---|---|---|---|---|---|---|---|
 Excellent rates and platform. Get local 'Borderless' accounts in GBP, EUR, USD, AUD, & NZD. More info▾ | 7,329.43 USD | 0.7367 | $51 | 0.6% | Bank Transfers - Online, Foreign Currency Accounts | 1-2 days | |
 OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More info▾ | 7,295 USD | 0.7295 | 0 | 1.07% | Bank Transfers - Online & Phone, Foreign Currency Accounts | 1-2 days | |
Banks - Average Rate     Average rate from selected banks. Click icons for each bank's costs. More info▾ | 7,134 USD | 0.7160 | 18 | 3.25% | Online, Branch, Bank Transfers | 2-3 days |
This is a chart showing the change in the SGD-USD mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market SGD-USD exchange rate.
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison 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.
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).
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.
