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USD/SGD - Convert Compare Save

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.

 

This resource page for the United States Dollar to Singapore Dollar exchange rate, has news, forecasts and USD to SGD 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.

USD/SGD 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 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
13,734 SGD
Best Overall
1.37340^0.8%
Wells Fargo Bank logo
13,231 SGD
503 SGD
1.3255184.43%
HSBC logo
13,222 SGD
512 SGD
1.3242$154.5%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
13,141 SGD
593 SGD
1.3218155.08%
Bank of America International Money Transfers
Bank of America logo
13,056 SGD
678 SGD
1.3188$1005.7%
U.S. Bank International Money Transfers
U.S. Bank logo
13,056 SGD
678 SGD
1.3188$1005.7%
 
OFX: Foreign Transfer USD→SGD
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.3734 (0.8% from mid-rate)
SGD amount:13,734 SGD
Total Cost:0.8%
Time:
Rate Fetched: 0:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→SGD
USD amount:$10,000 USD
Fee:18
Exchange Rate:1.3255 (4.26% from mid-rate)
SGD amount:13,231 SGD
Total Cost:4.43%
Difference:
503 SGD less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→SGD
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:1.3242 (4.36% from mid-rate)
SGD amount:13,222 SGD
Total Cost:4.5%
Difference:
512 SGD less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→SGD
USD amount:$10,000 USD
Fee:15
Exchange Rate:1.3161 (4.94% from mid-rate)
SGD amount:13,141 SGD
Total Cost:5.08%
Difference:
593 SGD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→SGD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.3188 (4.75% from mid-rate)
SGD amount:13,056 SGD
Total Cost:5.7%
Difference:
678 SGD less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→SGD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.3188 (4.75% from mid-rate)
SGD amount:13,056 SGD
Total Cost:5.7%
Difference:
678 SGD less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/17/2019 - 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
U.S. Bank Foreign Currency
U.S. Bank logo
1,296 SGD
Compare
1.29606.39%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,283 SGD
13 SGD
1.2960$107.33%
Wells Fargo Bank logo
1,270.08 SGD
26 SGD
1.296$208.26%
Travelex Online US logo
1,236.4 SGD
60 SGD
1.23640^10.7%
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→SGD
USD amount:$1,000 USD
Fee:0
Exchange Rate:1.2960 (6.39% from mid-rate)
SGD amount:1,296 SGD
Total Cost:6.39%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→SGD
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:1.2114 (12.5% from mid-rate)
SGD amount:1,283 SGD
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→SGD
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:1.2960 (6.39% from mid-rate)
SGD amount:1,270.08 SGD
Total Cost:8.26%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→SGD
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.2364 (10.7% from mid-rate)
SGD amount:1,236.4 SGD
Total Cost:10.7%
Time:
Rate Fetched: Sat Aug 17 2019 22:15:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/17/2019 - See full table

USD to SGD interbank exchange rate = 1.3845

 
 

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 USD/SGD exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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 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.

 

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