Exchange Rate Calculator

The USD/SGD exchange rate, representing the value of the US Dollar against the Singapore Dollar, has exhibited notable fluctuations over the past few months. Understanding these movements requires an analysis of historical trends, technical indicators, and the economic factors influencing both currencies.

Historical Trends

Between September 29, 2024, and March 26, 2025, the USD/SGD exchange rate experienced significant variability. The highest recorded rate during this period was 1.3714 SGD per USD on January 12, 2025, while the lowest was 1.2804 SGD per USD on September 29, 2024. The average exchange rate over these six months was approximately 1.3397 SGD per USD.

In the first quarter of 2025, the exchange rate demonstrated a downward trend. For instance, on January 3, 2025, the rate stood at 1.3701 SGD per USD, but by March 14, 2025, it had declined to 1.335 SGD per USD. This depreciation of the US Dollar against the Singapore Dollar suggests a strengthening of the SGD or a weakening of the USD during this timeframe.

Technical Analysis

Technical indicators provide insights into the potential future movements of the USD/SGD exchange rate. As of March 28, 2025, several key indicators were as follows:

• Relative Strength Index (RSI 14): 60.587, indicating a buy signal.
• Moving Average Convergence Divergence (MACD 12,26): 0, suggesting a buy signal.
• Average Directional Index (ADX 14): 19.881, considered neutral.
• Commodity Channel Index (CCI 14): 95.4102, indicating a buy signal.

Additionally, moving averages supported a strong buy sentiment:

• 5-day Simple Moving Average (SMA): 1.3416, buy signal.
• 10-day SMA: 1.3416, buy signal.
• 20-day SMA: 1.3413, buy signal.
• 50-day SMA: 1.3403, buy signal.
• 100-day SMA: 1.3391, buy signal.
• 200-day SMA: 1.3366, buy signal.

These indicators collectively suggest a bullish outlook for the USD/SGD pair as of late March 2025.

Economic Factors Influencing USD/SGD

Several economic factors have influenced the USD/SGD exchange rate:

• Monetary Policies: The US Federal Reserve's decisions on interest rates and monetary policy can impact the USD's strength. Similarly, the Monetary Authority of Singapore's policy adjustments affect the SGD.

• Economic Performance: Indicators such as GDP growth, employment rates, and trade balances in both countries influence investor confidence and currency valuations.

• Global Market Sentiment: Events like geopolitical tensions, trade agreements, and global economic trends can lead to shifts in currency demand and supply.

Forecasts and Projections

Looking ahead, forecasts suggest a gradual appreciation of the USD against the SGD. For instance, projections for the end of 2025 estimate an average exchange rate of 1.3192 SGD per USD, with a range between 1.3126 and 1.3258. By the end of 2026, the average rate is projected to be 1.3337 SGD per USD, ranging from 1.3270 to 1.3403.

These projections are based on current economic trends and are subject to change due to unforeseen economic developments or policy shifts.

Conclusion

The USD/SGD exchange rate has shown considerable fluctuations over the past few months, influenced by a combination of technical indicators and economic factors. While recent technical analysis points to a bullish trend for the USD against the SGD, economic forecasts suggest a more gradual appreciation. Investors and stakeholders should monitor ongoing economic developments and policy decisions in both the United States and Singapore to make informed decisions regarding this currency pair.