When it comes to currency exchange between the United States Dollar (USD) and the Singapore Dollar (SGD), understanding the exchange rate is crucial. Whether you’re planning a trip to Singapore, doing business with Singaporean companies, or simply curious about the value of these currencies, this comprehensive guide will provide you with all the essential information.
USD to SGD Exchange Rate
Current USD to SGD Rate
As of June 19, 2024, the current exchange rate for USD to SGD is 1 USD = 1.35047 SGD. This means that for every 1 US Dollar, you can get approximately 1.35047 Singapore Dollars. It’s important to note that exchange rates are constantly fluctuating due to various economic and political factors.
When converting currencies, it’s essential to use a reliable source for exchange rates. Xe.com, a trusted provider of currency information, uses the mid-market rate for their conversions. The mid-market rate is the average of the buy and sell rates from global currency markets, providing a fair and accurate representation of the exchange rate.
USD to SGD Conversion Example
Let’s say you want to convert 100 US Dollars to Singapore Dollars. Using the current exchange rate of 1 USD = 1.35047 SGD, you can calculate the conversion as follows:
- 100 USD * 1.35047 = 135.047 SGD
So, 100 US Dollars would be equivalent to approximately 135.047 Singapore Dollars. Keep in mind that this is just an example, and the actual exchange rate may vary slightly at the time of your conversion.
SGD to USD Exchange Rate
Current SGD to USD Rate
On the other hand, if you want to convert Singapore Dollars to US Dollars, the current exchange rate is 1 SGD = 0.740482 USD. This means that for every 1 Singapore Dollar, you would receive approximately 0.740482 US Dollars.
Again, it’s crucial to use a reliable source like Xe.com for the most up-to-date and accurate exchange rates. Remember that exchange rates can change rapidly, so it’s always a good idea to check the current rate before making any conversions.
SGD to USD Conversion Example
Let’s consider an example where you want to convert 1000 Singapore Dollars to US Dollars. Using the current exchange rate of 1 SGD = 0.740482 USD, the calculation would be:
- 1000 SGD * 0.740482 = 740.482 USD
In this case, 1000 Singapore Dollars would be equivalent to approximately 740.482 US Dollars. Again, this is just an example, and the actual amount may differ slightly based on the current exchange rate.
USD/SGD Exchange Rate History
USD/SGD 30-Day Low and High
Over the past 30 days, the USD/SGD exchange rate has seen some fluctuations. The lowest rate observed during this period was 0.73814, while the highest rate reached 0.74351. These figures provide insight into the short-term volatility of the USD/SGD currency pair.
USD/SGD 90-Day Low and High
Looking at a longer time frame, the USD/SGD exchange rate has experienced a slightly wider range of fluctuations over the past 90 days. The lowest rate recorded during this period was 0.73245, and the highest rate peaked at 0.74679. This information can be useful for those interested in analyzing longer-term trends and patterns in the USD/SGD exchange rate.
USD/SGD Historical Rate Chart
To gain a visual understanding of the USD/SGD exchange rate history, you can refer to historical rate charts. These charts display the exchange rate over a specified period, allowing you to identify trends, patterns, and significant events that may have impacted the currency pair.
Xe.com provides comprehensive historical currency data using live mid-market rates. Their currency charts are an excellent resource for those looking to analyze past exchange rate behavior and make informed decisions based on historical trends.
USD/SGD Exchange Rate Volatility
30-Day USD/SGD Volatility
Volatility is a measure of how much the exchange rate fluctuates over a given period. In the past 30 days, the USD/SGD exchange rate has shown a volatility of 0.18%. This indicates that the exchange rate has been relatively stable, with minor fluctuations during this time frame.
90-Day USD/SGD Volatility
Over a 90-day period, the USD/SGD exchange rate has exhibited a volatility of 0.22%. While slightly higher than the 30-day volatility, this still suggests a relatively stable exchange rate with moderate fluctuations over the past three months.
Understanding exchange rate volatility is crucial for businesses and individuals involved in cross-border transactions, as it helps assess currency risk and make informed decisions regarding timing and hedging strategies.
About the Singapore Dollar (SGD)
SGD Currency Code and Symbol
The Singapore Dollar is the official currency of Singapore. Its currency code is SGD, and the symbol used to represent it is S$. When dealing with Singapore Dollars, you’ll often see prices and amounts written as S$X, where X is the numerical value.
Popular SGD Currency Pairings
The Singapore Dollar is commonly paired with various other currencies in the foreign exchange market. Some of the popular SGD currency pairings include:
- AUD/SGD (Australian Dollar to Singapore Dollar)
- INR/SGD (Indian Rupee to Singapore Dollar)
- GBP/SGD (British Pound to Singapore Dollar)
- EUR/SGD (Euro to Singapore Dollar)
- JPY/SGD (Japanese Yen to Singapore Dollar)
- CHF/SGD (Swiss Franc to Singapore Dollar)
- CNY/SGD (Chinese Yuan to Singapore Dollar)
These currency pairs are actively traded in the forex market, and their exchange rates are closely monitored by investors, traders, and businesses with interests in Singapore and the respective countries.
About the US Dollar (USD)
USD Currency Code and Symbol
The United States Dollar is the official currency of the United States of America. Its currency code is USD, and the symbol used to represent it is $. When dealing with US Dollars, you’ll commonly see prices and amounts written as $X, where X is the numerical value.
Popular USD Currency Pairings
The US Dollar is one of the most widely traded currencies in the world and is often considered a benchmark currency. Some of the popular USD currency pairings include:
| Currency Pair | Description |
|---|---|
| EUR/USD | Euro to US Dollar |
| GBP/USD | British Pound to US Dollar |
| USD/JPY | US Dollar to Japanese Yen |
| USD/CHF | US Dollar to Swiss Franc |
| AUD/USD | Australian Dollar to US Dollar |
| USD/CAD | US Dollar to Canadian Dollar |
These currency pairs are extensively traded in the global forex market, and their exchange rates are influenced by various economic, political, and market factors. Understanding the dynamics of these popular USD currency pairings is essential for anyone involved in international trade, investments, or currency trading.
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