1 USD to SGD - Convert US Dollar to Singapore Dollar

Over the last 7 days, the USD to SGD exchange rate moved between 1.2506 and 1.3139. The average rate for the week was 1.2872, with a volatility of 1.7%. The US Dollar weakened against the Singapore Dollar by 1.6% during this period.

Looking at the 30-day window, the USD/SGD pair traded in a range of 1.2412 to 1.3187. The monthly average was 1.2783 with 1.97% volatility. The relatively low volatility indicates stable trading conditions for the USD/SGD currency pair.

The current mid-market exchange rate is 1 USD = 1.2828 SGD, updated as of June 4, 2026, 1:03 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

US Dollar to Singapore Dollar Exchange Rate

Singapore is one of the world's wealthiest countries per capita and a global hub for finance, trade, and logistics. The Singapore dollar is managed differently from most currencies, using an exchange rate targeting system rather than an interest rate target, which gives the Monetary Authority of Singapore (MAS) unusually direct control over the currency's value.

The Exchange Rate as Monetary Policy

Unlike most central banks that set interest rates to manage inflation, the MAS uses the exchange rate itself as its primary policy tool. It manages the Singapore dollar against a trade-weighted basket of currencies within an undisclosed band. When inflation rises, the MAS strengthens the band, letting the Singapore dollar appreciate. When the economy slows, it eases the band. This system works because Singapore is a tiny, extremely open economy where import prices drive inflation more than domestic demand. The result is that MAS policy decisions directly and immediately affect the USD/SGD rate, sometimes causing sharp moves on policy announcement days. MAS typically announces policy changes in April and October, and these dates are closely watched by anyone with significant SGD exposure.

What Drives the USD/SGD Rate

MAS monetary policy band adjustments are the most Singapore-specific driver. Beyond that, Singapore's trade data, GDP growth (one of the most volatile among developed economies due to its openness), regional capital flows, and Fed policy all matter. Singapore's role as a regional financial center means capital flows in and out of Southeast Asian markets pass through the city-state, giving the Singapore dollar sensitivity to broader Asian economic trends.

What a Conversion Really Costs

Singapore has some of the most competitive foreign exchange markets in Asia. Licensed money changers in areas like Mustafa Centre and The Arcade offer rates within 0.2-0.5% of mid-market. Banks charge 0.5-1.5%. For international transfers, Singapore-based fintech companies offer competitive rates for both inbound and outbound conversions.

How to Get the Best USD to SGD Rate

In Singapore, money changers in commercial centers offer the best cash rates. For transfers, compare Singapore-based fintech services against international providers. Check the mid-market rate on this page as your baseline. Singapore's position as a regional financial hub means there are more providers competing for your business than in most Asian markets, and that competition benefits anyone converting dollars to Singapore dollars. Whether you are an expat receiving a salary in USD, a student paying tuition, or a business settling invoices, the range of options available in Singapore is wider and cheaper than in most comparable cities.