Description
The USD/SGD exchange rate reflects the amount of Singapore dollars (SGD) required for one U.S. dollar (USD). The USD/SGD exchange rate is influenced by factors such as the monetary policies of the U.S. Federal Reserve (Fed) and the Monetary Authority of Singapore (MAS), global economic trends, trade balances, and capital flows.
As one of Southeast Asia's key financial hubs, Singapore's currency holds significant weight in international forex markets. Additionally, Singapore's economic strength and political stability have made the SGD a sought-after safe-haven currency.
A lower USD/SGD exchange rate signals a stronger Singapore dollar, which reduces import costs but may weaken export competitiveness. Conversely, a higher USD/SGD rate indicates a weaker Singapore dollar, supporting exports but raising import costs.