SGD/USD: what to know
The SGD/USD rate shows how much USD you get for 1 SGD. Right now, 1 SGD buys 0.7893 USD at the mid-market rate. In the other direction, 1 USD is worth 1.2669 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while USD responds to Fed policy, US growth and global risk appetite.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the SGD/USD rate has ranged between 0.7647 and 0.7926 — a change of +1.54% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.