Loading...

USD to SGD - Rate Guide

United States Dollar to Singapore 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.

 

USD/SGD update & alerts

1 USD = 1.3474 SGD

Sell USD - Buy SGD  Invert

USD to SGD - Trading Range (90 Day)
no alerts
USD/SGD at 1.3471 is trading 0.9% below the 90-day average 1.3591 with a range 1.3449 to 1.3826. There are no current rate alerts.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

More Charts

USD/SGD Exchange Rates and Providers Compared

This guide to the United States Dollar to Singapore Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and USD to SGD 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 USD/SGD 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 USD/SGD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

USD to SGD International Money Transfers

  

Foreign Transfer ProvidersReceive SGD(S$)Exchange RateFee USDTotal CostDeal Links
OFX logo
S$13,366
Best Overall
1.33660^0.8%
Wells Fargo Bank logo
S$12,876
S$490 less
1.2899184.44%
HSBC logo
S$12,867
S$499 less
1.2886U$154.5%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
S$12,788
S$578 less
1.2863155.09%
Bank of America International Money Transfers
Bank of America logo
S$12,705
S$661 less
1.2833U$1005.71%
U.S. Bank International Money Transfers
U.S. Bank logo
S$12,705
S$661 less
1.2833U$1005.71%
 
OFX logo
OFX: Foreign Transfer USD→SGD
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.3366 (0.8% from mid-rate)
To Amount (SGD) S$13,366
Total Cost:0.8%
Time:
Rate Fetched: 18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→SGD
From Amount (USD)U$10,000
Fee:18
Exchange Rate:1.2899 (4.27% from mid-rate)
To Amount (SGD) S$12,876
Total Cost:4.44%
Difference:
S$490 SGD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→SGD
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:1.2886 (4.36% from mid-rate)
To Amount (SGD) S$12,867
Total Cost:4.5%
Difference:
S$499 SGD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→SGD
From Amount (USD)U$10,000
Fee:15
Exchange Rate:1.2807 (4.95% from mid-rate)
To Amount (SGD) S$12,788
Total Cost:5.09%
Difference:
S$578 SGD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→SGD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.2833 (4.76% from mid-rate)
To Amount (SGD) S$12,705
Total Cost:5.71%
Difference:
S$661 SGD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→SGD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.2833 (4.76% from mid-rate)
To Amount (SGD) S$12,705
Total Cost:5.71%
Difference:
S$661 SGD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/19/2020 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount SGD(S$)Exchange RateFee USDTotal CostDeal Links
Banks - Average Rate Foreign Currency
S$1,167.21
Compare
1.179U$1013.37%
 
Banks - Average Rate
Travel Money USD→SGD
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:1.1790 (12.5% from mid-rate)
To Amount (SGD) S$1,167.21
Total Cost:13.37%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/19/2020 - See full table

USD and SGD in the Markets

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

United States Dollar (USD)

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

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

For more USD bank forecasts and cross-rate trends read the report USD trends and forecasts.

Read more in the article USD Forecasts.

 

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.

Why can't I just get the USD/SGD 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 USD / SGD 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 USD Exchange Rates