USD/SGD: what to know
The USD/SGD rate shows how much SGD you get for 1 USD. Right now, 1 USD buys 1.2669 SGD at the mid-market rate. In the other direction, 1 SGD is worth 0.7893 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while SGD responds to the MAS-managed currency basket.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Over the past 12 months the USD/SGD rate has ranged between 1.2617 and 1.3077 — a change of -1.51% 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.