The Bank of America USD to SGD rate is 1.1967. This is -7.3% below the mid-rate. Compare Bank of America currency conversion rates - Reduce FX costs.
The Bank of America USD to SGD exchange rate is 1.1967. This is -7.3% compared to the latest USD-SGD mid-market rate 1.2912.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Singapore dollar (SGD) rates from different sources before making a conversion.
Looking at our comparison table the best USD to SGD exchange rate is 1.2847 from OFX, -0.5% from the mid-market rate 1.2912. The next best rate is 1.2835 from XE, -0.6% from the mid-rate. Then Wise with 1.2828 is -0.65% from the mid-rate.
The Western Union rate is 1.2783 which is -1% from the mid-rate.
Among the banks, the Chase Bank rate is 1.198 at -7.2%, the Wells Fargo Bank rate is 1.1902 at -7.8%, and the Citibank rate is 1.2496 at -3.2% compared to the mid-rate 1.2912.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Bank of America often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Bank of America Dollar to Singapore dollar comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Bank of America and other foreign exchange providers against the latest USD-SGD mid-rate (see Market Data below ) and the possible savings of using various providers.
Bank of America (BOA) is the second-largest consumer bank in the USA after Chase Bank and serves about millions of consumers and small business clients worldwide from its headquarters in Charlotte, North Carolina.
Bank of America is one of the Big Four US banks and holds over 10% of all American bank deposits, in direct competition with JPMorgan Chase Bank, Citigroup, and Wells Fargo.
BOA offers international money transfer services that allow customers to send and receive funds from abroad. Customers can initiate a money transfer online or in person at a branch. BOA provides fast and secure international money transfer services however the exchange rates offered for international money transfer services are not the best on the market.
Sending or receiving international transfers to or from your Bank of America bank account will include a margin rate of between 4% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).
The BOA app and website allow you to check the FX rate prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.
Bank of America participates in Pay by Bank, a product that allows mobile uses to buy products online and pay directly from their bank account service in a foreign currency, Pay by Bank does not require a card or card data.
For businesses making international payments BOA provide the CashPro Platform.
BOA is improving the CashPro API to allow merchants to process payments in an increasing number of different countries. It will connect to seven real-time payment schemes; transfer apps including Zelle in the U.S. and Pix in Brazil; and cross-border wires.
US dollar (USD) to Singapore dollar (SGD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/SGD | Change | Period |
|---|---|---|---|
21 Apr 2025 | 1.3049 | 0.9% ▼ | 2 Week |
04 Feb 2025 | 1.3528 | 4.4% ▼ | 3 Month |
05 May 2024 | 1.3510 | 4.2% ▼ | 1 Year |
06 May 2020 | 1.4225 | 9% ▼ | 5 Year |
08 May 2015 | 1.3288 | 2.6% ▼ | 10 Year |
10 May 2005 | 1.6442 | 21.3% ▼ | 20 Year |
Here are some popular conversion amounts for USD to SGD (US dollar to Singapore dollar)*.
*Converted at the current USDSGD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The USD to SGD exchange rate has recently experienced downward pressure, with the USD trading near 90-day lows at approximately 1.2996, which is 2.6% below its three-month average of 1.334. Analysts point out that this situation has emerged despite recent hopes for a resolution to US-China trade tensions, buoyed by statements from US Treasury Secretary Scott Bessent expressing confidence in achieving a trade deal. However, amidst these developments, the US dollar faces significant risks.
Read our full review of recent USD to SGD forecasts.
There are several ways to save on exchange rates when converting US dollar to Singapore dollar:
Generally speaking, if you are buying Singapore dollar with US dollar, then it's better for the USD/SGD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
Read our Currency guide to Singapore — a practical currency and money guide to travel in Singapore plus living and doing business with the Singapore dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/SGD to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United States (USD) | Singapore (SGD) |
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency.
Further reading on the Singapore dollar (SGD) - Guides, Reviews & News from our research team.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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