Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the US Dollar (USD) is a critical indicator of the economic relationship between Singapore and the United States. Over the past several months, this exchange rate has exhibited notable fluctuations, influenced by various economic factors and policy decisions. This report provides an analysis of the SGD/USD exchange rate trends, underlying factors affecting these movements, and potential future outlooks.

Recent Trends in SGD/USD Exchange Rate

Between September 2024 and March 2025, the SGD/USD exchange rate experienced significant variations. The highest recorded rate during this period was approximately 0.7813 USD per SGD on September 27, 2024, while the lowest was around 0.7292 USD per SGD on January 12, 2025. (exchangerates.org.uk) The average exchange rate over these six months was approximately 0.7483 USD per SGD. (exchange-rates.org)

In the first quarter of 2025, the exchange rate demonstrated relative stability, fluctuating within a narrow range. For instance, on March 14, 2025, the rate stood at 0.7495 USD per SGD, showing a slight increase from the previous day's 0.7487 USD per SGD. (ycharts.com)

Factors Influencing the Exchange Rate Movements

Several key factors have contributed to the observed fluctuations in the SGD/USD exchange rate:

1. Economic Indicators: Singapore's economic performance, including GDP growth, inflation rates, and trade balances, plays a significant role in determining the strength of the SGD. Similarly, economic data from the United States, such as employment figures and consumer spending, influence the USD's value.

2. Monetary Policies: Decisions by the Monetary Authority of Singapore (MAS) and the Federal Reserve regarding interest rates and monetary policies directly impact the exchange rate. For example, if the Federal Reserve raises interest rates to combat inflation, the USD may strengthen against the SGD.

3. Global Economic Events: Geopolitical developments, trade agreements, and global financial market trends can cause shifts in investor sentiment, affecting currency demand and exchange rates.

Future Outlook and Forecasts

Looking ahead, various forecasts provide insights into the potential trajectory of the SGD/USD exchange rate:

• Short-Term Forecasts: Analysts predict that the SGD/USD exchange rate may trade within a range of approximately 0.7413 to 0.7561 USD per SGD by December 2025. This suggests a potential decrease of about 0.12% compared to current levels. (coincodex.com)

• Long-Term Projections: Some models estimate that the exchange rate could reach around 1.38 USD per SGD by the end of the current quarter and approximately 1.41 USD per SGD within the next 12 months. (tradingeconomics.com)

It's important to note that exchange rate forecasts are subject to uncertainties and can be influenced by unforeseen economic developments and policy changes.

Conclusion

The SGD/USD exchange rate has exhibited both volatility and periods of stability over the past several months, influenced by a complex interplay of economic indicators, monetary policies, and global events. While current forecasts suggest a slight depreciation of the SGD against the USD in the near term, stakeholders should remain vigilant to ongoing economic developments that could impact this exchange rate.