1 USD to SGD Today
Current Exchange Rate
As of today, the exchange rate of 1 USD (United States Dollar) to SGD (Singapore Dollar) is:
1 USD = 1.38 SGD
Historical Exchange Rate
The exchange rate of USD to SGD has fluctuated over time. Here is a brief overview of the historical exchange rate:
- 1 year ago: 1 USD = 1.36 SGD
- 6 months ago: 1 USD = 1.37 SGD
- 3 months ago: 1 USD = 1.38 SGD
Factors Affecting the Exchange Rate
The exchange rate of USD to SGD is influenced by various factors, including:
- Economic indicators: GDP growth rate, inflation rate, and unemployment rate of both the United States and Singapore.
- Monetary policy: Decisions made by the Federal Reserve (Fed) and the Monetary Authority of Singapore (MAS) regarding interest rates and money supply.
- Global events: Geopolitical tensions, natural disasters, and pandemics can impact the exchange rate.
- Commodity prices: Fluctuations in oil prices and other commodity prices can affect the exchange rate.
What Does This Mean for You?
If you're planning to travel to Singapore or conduct business with Singaporean companies, understanding the exchange rate is crucial. Here are some implications of the current exchange rate:
- Travelers: If you're exchanging your USD to SGD, you'll get approximately 1.38 SGD for every 1 USD.
- Businesses: If you're importing goods from the United States, you'll need to pay more SGD to purchase the same amount of USD.
Stay up-to-date with the latest exchange rates to make informed decisions about your international transactions.
