Convert USD to SGD - US Dollar to Singapore dollar Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE USD/SGD EXCHANGE RATE
The USD/SGD currency pair trades the US dollar against the Singapore dollar. While the USD is the world's most traded currency, the SGD features as the 13th most traded currency worldwide. The economy of Singapore is heavily dependent on international trade and tourism, and its performance is closely linked to the performance of other leading economies across Asia.As a result, the SGD is a good currency to keep an eye on for traders looking to understand fluctuations in the Asian markets. The Singapore dollar is one of the first currencies to be impacted by global events, like the global financial crisis back in 2008-09, and more recently, the US-China trade war. It is also one of the first currencies to recover when economic conditions begin to improve worldwide.In addition, the exchange rate of USD/SGD is also impacted by economic data releases from the US and Singapore, including GDP, trade balance, employment, retail sales, business sentiment and inflation. Any changes in the monetary policy or interest rates by the Federal Reserve and the Monetary Authority of Singapore (MAS) can also impact the value of the USD and the SGD and drive currency action in this currency pair.
USD to SGD CONVERSION RATES
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USD to SGD CHARTS
USD/SGD Live Chart
USD/SGD Historical Chart
USD to SGD EXCHANGE RATE - FAQ
What other currency pairs are USD/SGD correlated with?

USD/SGD enjoys a strong positive correlation with USD/ZAR, USD/MXN and USD/CNH. This forex pair also shares a negative correlation with ZAR/JPY and XPD/USD.

How do fluctuations in the value of the Singapore dollar affect its economy?

Singapore's economy is heavily dependent on trade and it enjoys a good trade relation with most countries worldwide. It is a major exporter as well as importer of goods and services, and the trade surplus is a key contributor to its economy. When the SGD weakens in the forex market, it makes exports from Singapore cheaper, especially to less expensive countries, and potentially helps increase exports. On the other hand, when the SGD appreciates in value, the exports from Singapore become more expensive and could fall lower, reducing the trade surplus and the overall contribution to the GDP lower as well.

What was the lowest exchange rate for USD/SGD this year?

USD/SGD traded at a low of 1.3526 on 9 October 2020. This was the weakest value this currency pair touched so far this year.