BestExchangeRates Singapore Compare & Save on Foreign Exchange
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How BestExchangeRates Saves Singaporeans Money on FX
For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in Singapore and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $160M on foreign exchange.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track currencies – find buying opportunities. Learn about currencies and the FX market.
The marketing fees we receive from our partners don’t affect your margins.
Our partners are among the best & most trusted brands in Singapore
We also compare exchange rates from popular banks in Singapore
Singapore dollar Forecasts & Analysis
To offer an up-to-date and comprehensive outlook on currency trends, BestExchangeRates.com tracks and compiles data from a range of reputable FX analysts for our users tracking popular Singapore dollar exchange rates. The reports and data we review covers various aspects of the foreign exchange market, such as economic indicators, geopolitical events, central bank policies, and technical analysis.
Here are some Singapore dollar forecasts popular with our users in Singapore:
SGD to USD
Based on recent FX analyst forecasts and the SGDUSD price data for the previous three months, the Singapore dollar has had a mixed performance. While local economic data in Singapore showed stronger than expected December retail sales, the Q4 2022 GDP was softer than expected and Singapore's January core CPI also slowed down. These mixed messages have weakened the SGD against the USD. Furthermore, the US dollar's strength and elevated inflation levels have also contributed to the SGD's disappointing performance. The Monetary Authority of Singapore (MAS) is likely to closely monitor inflation numbers and global growth outlook, and any new developments can have a significant impact on the SGD policy decision in the MAS's April meeting.
More analysis: Compare SGD/USD rates
SGD to MYR
According to recent FX analyst forecasts, the Singapore dollar initially rallied to an 8-year high against the Malaysian ringgit on March 2, yet the gain was fully erased in the same week after a stronger-than-expected US non-farm payroll figure bolstered the US dollar. The local economic data gave mixed messages to the market where December retail sales came in stronger than expected but Q4 2022 GDP was on the softer side. In the coming weeks, any new developments in domestic and global conditions are likely to impact the policy decision in the Monetary Authority of Singapore (MAS)’s April meeting, so it will be worth watching any movement in inflation numbers and global growth outlook. As per the SGDMYR price data for the past 3-months, SGD to MYR at 3.3214 is just 1.0% above its 3-month average, having fluctuated within a 4.6% range, and this trend may continue in the short-term.
More analysis: Compare SGD/MYR rates
Here are our latest updated forecasts and currency outlooks:
Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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