For open economies such as Singapore, a strong currency will mitigate imported inflation as they pay less for imports priced in US dollars, such as oil. The USD/SGD has seen some short-term upwards movement develop, but this has happened after the currency pair touched deeper lows on Friday of last week. Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs. It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour. The Monetary Authority of Singapore issues the SGD, which is divided into 100 cents. Singapore has a highly developed and very successful economy, serving as a major global center for finance and trade.
Track currency trends, analyze historical charts, and explore monthly and yearly predictions for smarter trading and financial planning. In conclusion, while the analysis provides a structured outlook on the asset’s potential price movements, it is essential to remember that financial markets are inherently unpredictable. Conducting thorough research and staying informed about market trends and economic indicators is crucial for making informed investment decisions. The city-state’s currency is up about 5% versus the dollar this year, sending its value against a trade-weighted basket of currencies toward the upper boundary of the Monetary Authority of Singapore’s policy band. However, headwinds appear to be picking up, with the trade ministry last month cutting its 2025 GDP growth forecast to a range of 0% to 2%, citing global trade tensions. Macroeconomical and political events play an important role in the forex markets, as they can have a significant influence on exchange rates.
Weekly Exponential Moving Average (EMA)
Please note the rates displayed are live interbank rates, and are for indicative purposes only.© 2025 SGD Forecast. The USD/SGD in early trading this morning continues to show an appetite for bearish appetite from financial institutions as short-term speculators deal with the selling trajectory. The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency. We collate forecasts from respected FX analysts together with the latest US dollar to Singapore dollar performance and trends. Explore more forecasts involving United States Dollar (USD) paired with other major currencies.
Is US dollar expected to rise against the Singapore Dollar?
Singapore’s economy is centred on intermediary trade, buying raw materials that it refines for export, and its port is the second busiest in the world measured by cargo tonnage. The city state is also a regional financial hub for corporate banking and wealth management. The USD/SGD jumped higher on Friday after the U.S jobs numbers announcement, and in early trading this week has sustained a new price realm as speculators question what’s next for the currency pair. The USD/SGD has climbed back to values seen in the middle of August as financial institutions brace for a slew of U.S economic data near-term and next week’s U.S Presidential election. Though not a tidal wave of price velocity, the USD/SGD has managed to demonstrate movement lower, yesterday’s declines have sustained the near-term trend as sentiment appears to be shifting.
The two main tools that forex traders use are technical analysis and fundamental analysis. SGD/USD is currently a buy as the exchange rate is forecasted to increase by 0.07% in the next 24 hours. What is the outlook for the USD/SGD exchange rate for the rest of 2022 and into next year?
These scenarios highlight the importance of market conditions in determining investment outcomes. Investors should consider current market sentiment and technical indicators before making decisions. Diversifying investments and setting stop-loss orders can help manage risks effectively. If the pair’s price moves above any of these averages, it is generally seen as a bullish sign for stock.
The S$10,000 banknote is the world’s most valuable banknote in official circulation, together with the B$10,000 banknote of Brunei. Singapore is a leading developed mixed-market economy with dirigiste characteristics, ranking as the city index review most open and business-friendly economy. Temasek Holdings, the Singaporean sovereign wealth fund, owns stakes in the most valuable domestic companies, is an active investor, and is one of the best-known sovereign wealth funds globally. Singapore is a core FDI outflow financier and benefits from inward foreign direct investment (FDI) flows. Singapore and the Singapore Dollar also benefit from ASEAN membership, which fulfills a central position in East Asian regionalism. The USD/SGD exchange rate is set by continuous trading in the global foreign exchange (Forex) market.
Compare & Save – US dollar to Singapore dollar
The United States Dollar (USD) is the official currency of the United States. Many international trade deals are done in USD, and many countries hold it as their main reserve savings. The Federal Reserve, the US central bank, issues it, and it is divided into 100 cents. Because of its global importance, decisions about US interest rates and the economy greatly affect the USD’s value and economies everywhere.
- In the next 1 to 6 months, the pair could see further declines if Chinese economic data continues to disappoint.
- At the time of writing (17 August), algorithm-based forecasters also expected the USD/SGD to gradually trend lower over the coming years as the Singapore dollar appreciates in value.
- However, the Forex market is volatile and influenced by many unpredictable factors.
- The value of the Singapore Dollar reflects this strength and stability; it is managed by the government based on a basket of other currencies.
- All of the predictions are based on daily price changes and none of other external effects such as news, companies’ situations, and different events are not taken into account.
Prices Forecast: Technical Analysis
“It is possible that the S$NEER may start to ease toward the midpoint when the hard data starts to snap toward the pessimism that is increasingly reflected in the survey data,” said Moh Siong Sim, FX strategist at Bank of Singapore. The country’s non-oil domestic exports data due Friday may offer insights into the early effects of tariffs. Our chief editor shares analysis and picks of the week’s biggest news every Saturday. Both Switzerland and Singapore are small, open economies with large financial centres, and attract major capital flows that cause their currencies to appreciate, said Mr Mohi-uddin. “That said, given such a relative sharp move over the last few days, we should expect some calm to be restored,” he said, explaining that the pace of the sell-off should slow. OCBC’s Mr Wong also expects the local currency to become stronger against the US dollar based on the belief that the tariff situation will not worsen and that the impact of the tariffs will be manageable.
The city-state’s currency is up about 5% versus the dollar this year, sending its value against a trade-weighted basket of currencies toward the upper boundary of the MAS’s policy band. Mr Wong of OCBC said the rise in US protectionist measures have increased the uncertainty in economic policy, and that challenges the greenback’s status as the world’s primary reserve currency. CoinCodex tracks 41,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders.
The USD/SGD is the quote for the US Dollar, the base currency, quoted against the Singapore Dollar, the quote currency. The SGD became the national currency of Singapore on June 12th, 1967, replacing the Malaya and British Borneo Dollar. Brunei also accepts the Singapore Dollar, and vice versa, per the Currency Interchangeability Agreement between the central banks of Singapore and Brunei. Singapore is a global financial center and gateway to Asia, and the Singapore Dollar is the 10th most traded global currency. Most online Forex brokers offer the USD/SGD, which has high liquidity and low to average spreads.
The US dollar has been weaker on the back of tariffs and softness internally in terms of expected growth, said Mr Saktiandi Supaat, head of FX research at Maybank. Other Asian currencies, like the Taiwan dollar, have also experienced a lift. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of itrader review the exchange rate.
- But he warned that there are “potential risks” that may be difficult for Singapore to weather and that achievements should not be taken for granted.
- Many international trade deals are done in USD, and many countries hold it as their main reserve savings.
- Higher interest rates tend to make a currency more attractive for overseas investors as they offer the potential for higher returns from fixed income and other investments.
- “The S$NEER will likely continue to trade within the upper half of the policy band, leading to further gains in the basket.
The US dollar is the world’s reserve currency and as such is the most actively traded on the forex market. The dollar reflects the economic performance of the world’s largest economy, and by extension, is affected by sentiment on the health of the global economy. Currency traders closely monitor major economic indicators including GDP, manufacturing activity, unemployment rates, and international trade data to gauge the performance of the US economy as well as the global outlook. Recently, AUD/SGD has shown a slight downward trend, reflecting broader market concerns and economic data. The Chinese economic indicators, such as exports and trade balance, are crucial as they impact the Australian economy significantly due to trade ties. The recent data showing a decline in Chinese exports and imports could weigh on the AUD, as it suggests weaker demand for Australian commodities.
The concerns about global economic growth were compounded by weaker US manufacturing data. The US Federal Reserve (Fed) raised its target range just2trade review for interest rates from 0-0.25% in March to 2.25%-2.5% in July, and some observers expect it could raise rates by another 75 basis points at its next meeting in September. The Fed has indicated that it aims to bring rates up further to 3.75%-4% by the end of 2023. That has helped to drive up the value of the US dollar against other currencies with lower interest rates. The dollar has also found safe-haven support on concerns that the aggressive interest rate rise in various countries could result in a recession heading into 2023.
Another way of analyzing forex prices is through candlestick chart analysis. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. With that said, let’s break down the currency pair’s performance on a more granular level, focusing on each month separately. The bank’s long-term USD/SGD forecast has the pair sliding from 1.40 in the third quarter to 1.38 in the fourth quarter and 1.36 in the first half of 2023, moving down to 1.34 in the second half of the year. Statistics from the world’s second largest economy showed contracting retail sales and residential property sales, as well as industrial production and fixed-asset investment below expectations.