What is the USD to SGD rate today?
On ECB reference rates, one US dollar bought S$1.2804 on 9 October 2026, so S$100,000 converted to about $78,100. The dollar has slipped just 0.4% against the Singapore dollar since the 2025 close of S$1.2855. For a live mid-market figure, use our USD to SGD converter.
The 2026 high was S$1.2982 on 24 June and the low was S$1.2617 on 28 January. That top-to-bottom range is only 2.9% wide, which is why USD/SGD has spent the year moving sideways rather than trending.
What was the USD to SGD exchange rate each month in 2026?
Monthly averages, highs and lows below are calculated from daily ECB reference rates (USD/SGD derived from the euro cross rates).
| Month (2026) | Average | High | Low |
|---|---|---|---|
| January | 1.2802 | 1.2880 (14 Jan) | 1.2617 (28 Jan) |
| February | 1.2669 | 1.2732 (5 Feb) | 1.2619 (12 Feb) |
| March | 1.2796 | 1.2898 (30 Mar) | 1.2722 (10 Mar) |
| April | 1.2756 | 1.2871 (2 Apr) | 1.2713 (14 Apr) |
| May | 1.2756 | 1.2812 (19 May) | 1.2658 (7 May) |
| June | 1.2879 | 1.2982 (24 Jun) | 1.2778 (1 Jun) |
| July | 1.2916 | 1.2968 (1 Jul) | 1.2849 (31 Jul) |
| August | 1.2763 | 1.2824 (4 Aug) | 1.2683 (21 Aug) |
| September | 1.2726 | 1.2799 (24 Sep) | 1.2634 (9 Sep) |
| October (to 9th) | 1.2800 | 1.2820 (8 Oct) | 1.2771 (6 Oct) |
Rates on specific dates people often look up: 14 July 1.2927; 15 July 1.2922; 5 August 1.2815; 11 August 1.2802; 21 August 1.2683 (the last fix before Saturday 22 August); 1 September 1.2734; 16 September (fixed before that day’s Fed announcement) 1.2733; 30 September 1.2772. No reference rate is published at weekends or on TARGET holidays, so a Saturday such as 11 July uses the previous Friday’s fix.
What is the USD to SGD forecast for the next 6 months?
| Horizon | USD/SGD forecast range | What sits inside the window |
|---|---|---|
| Next 4 weeks (to early November) | 1.2700 – 1.2950 | MAS October policy statement; FOMC decision on 28 October |
| To end-December 2026 | 1.2600 – 1.3000 | FOMC on 9 December; Singapore Q3 and Q4 inflation data |
| Next 6 months (to April 2027) | 1.2500 – 1.3100 | MAS January and April 2027 statements |
| Next 12 months (to October 2027) | 1.2300 – 1.3200 | Path of US rates and the S$NEER slope |
Cambridge Currencies’ forecast ranges as at 11 October 2026. They are not guarantees, and exchange rates can move outside these ranges.
Our base case is that USD/SGD keeps to the S$1.26–1.30 corridor it has occupied since January. The Fed’s September rate rise supports the dollar, but the MAS has steepened the Singapore dollar’s appreciation path twice this year, and that slope pulls USD/SGD gradually lower when the broad dollar is flat.
For USD/SGD to break above S$1.30, the Fed would probably need to signal a further rise while the MAS held its slope unchanged in October. The pair’s 2026 peak was 1.2982 on 24 June.
For USD/SGD to fall toward S$1.25, the MAS would probably need to tighten again in October or January while US data softened enough for markets to price Fed cuts in 2027. A broad US dollar sell-off would also do it.
Will the US dollar strengthen against the Singapore dollar?
The US dollar could firm modestly against the Singapore dollar, but a sustained rally above S$1.30 looks less likely than a continued range. The Federal Reserve raised its target range to 3.75–4.00% on 16 September 2026, and the ECB fix that day, taken before the announcement, was 1.2733. By 9 October the pair had risen only 0.6%, to 1.2804.
The muted response shows the limit on dollar gains: higher US rates lift the dollar against most currencies, but the Singapore dollar is being steered higher against its trading partners at the same time. Our US dollar forecast and DXY forecast cover the broad dollar outlook.
How does MAS policy move the USD/SGD rate?
The Monetary Authority of Singapore does not set an interest rate. Instead it manages the Singapore dollar nominal effective exchange rate (S$NEER), a trade-weighted basket, inside an undisclosed policy band. The band has three settings: its slope (the rate of appreciation), its width and the level at which it is centred.
Because the US dollar is one currency in that basket, USD/SGD is not managed directly. When the slope is positive and the broad dollar is flat, the Singapore dollar tends to drift stronger, so USD/SGD tends to drift lower. When the dollar rallies against everything, USD/SGD rises even while the S$NEER stays inside its band.
What has the MAS decided in 2026?
The MAS has tightened twice in 2026. In its April 2026 statement it said it would “increase slightly the rate of appreciation of the S$NEER policy band”. In its July 2026 statement it said it would “increase the rate of appreciation of the policy band very slightly”. Both times the width and centre of the band were left unchanged.
In July the MAS forecast both core and headline inflation to average 1.5–2.5% in 2026. According to MAS and Ministry of Trade and Industry data for August, core inflation then rose to 2.2%, its highest since September 2024, and headline inflation to 2.3%. Both are in the upper half of that forecast range.
What could the October MAS statement do?
The MAS publishes its policy statements quarterly, and the October 2026 statement is due in the second half of the month. The MAS can hold its settings, raise the slope again, or re-centre the band higher. A re-centring makes the Singapore dollar stronger in a single step, and it would be the outcome most likely to push USD/SGD toward the bottom of our range.
A hold would leave the Fed as the dominant driver. The FOMC also decides on 28 October, and our page on the next Federal Reserve rate decision tracks what markets expect.
Why is the Singapore dollar in a sideways range against the US dollar?
The Singapore dollar is range-bound against the US dollar because the two main forces on the pair are pushing in opposite directions at a similar speed. US policy rates are rising, which supports the dollar. Meanwhile the MAS appreciation slope keeps lifting the Singapore dollar against the trade-weighted basket.
The 2026 monthly averages show this clearly. They have stayed between 1.2669 (February) and 1.2916 (July), a spread of under 2%.
The larger move came in 2025. USD/SGD fell 5.7% that year, from 1.3634 to 1.2855, as the dollar weakened broadly. Most of the Singapore dollar’s gain against the US dollar happened then, and 2026 has consolidated it.
What is the SGD to USD forecast?
Inverting our ranges, SGD to USD is forecast between $0.769 and $0.794 per Singapore dollar to the end of 2026, and between $0.763 and $0.800 over six months. On 9 October one Singapore dollar bought $0.7810.
For anyone converting Singapore dollars to US dollars, the current level sits close to the 2026 average and well above the 2016–2024 levels. The SGD to USD converter shows the live mid-market rate.
What is the USD to SGD forecast for the next 5 years?
Nobody can forecast an exchange rate five years ahead with precision, but the long-run record shows the direction. On ECB reference rates, USD/SGD closed each year at:
| Year-end | USD/SGD | Year-end | USD/SGD |
|---|---|---|---|
| 2016 | 1.4452 | 2021 | 1.3490 |
| 2017 | 1.3361 | 2022 | 1.3407 |
| 2018 | 1.3617 | 2023 | 1.3205 |
| 2019 | 1.3451 | 2024 | 1.3634 |
| 2020 | 1.3217 | 2025 | 1.2855 |
From 2016 to 2025 the Singapore dollar gained about 1.3% a year against the US dollar on average. Over the five years from 2020 the pace was slower, about 0.6% a year. That long-run appreciation reflects the MAS’s preference for a gradually rising S$NEER.
Illustrative arithmetic only, not a forecast: if the 2016–2025 pace continued for five years from 1.2804, USD/SGD would be near 1.20 in 2031. At the 2020–2025 pace it would be near 1.25. A period of sustained US dollar strength, such as 2024, could leave it higher.
What does the USD/SGD forecast mean for transfers?
In a narrow range, timing matters less than the margin you pay. Illustrative example: converting $250,000 at 1.26 gives S$315,000, while at 1.30 it gives S$325,000. That S$10,000 gap is the full width of our year-end range, and a 2–3% bank margin on S$320,000 costs S$6,400–9,600. Our guide to why banks give worse exchange rates explains where that cost comes from.
Forward pricing also matters. Singapore dollar interest rates sit below US dollar rates, so under covered interest parity the forward USD/SGD rate sits below spot. Someone selling US dollars forward for Singapore dollars therefore locks in slightly fewer Singapore dollars than today’s spot rate. Someone selling Singapore dollars forward for US dollars locks in slightly more.
A forward contract fixes the rate for a payment due later, and a rate alert tells you when the pair reaches your target. For pound-based transfers, see the GBP to SGD rate and our guide to sending money from Singapore to the UK.
USD to SGD forecast: frequently asked questions
What is the USD to SGD forecast for 2026?
USD/SGD is forecast between 1.26 and 1.30 to the end of 2026, and between 1.25 and 1.31 over six months. It fixed at 1.2804 on 9 October 2026.
Will USD continue to weaken against SGD?
The steep fall came in 2025, when USD/SGD dropped 5.7%. In 2026 the pair is down only 0.4% to 9 October, because the Fed’s rate rise has offset MAS tightening. Our base case is a sideways range rather than a further sharp fall.
What was the highest USD to SGD rate in 2026?
The 2026 high on ECB reference rates was 1.2982 on 24 June. The low was 1.2617 on 28 January.
What is the S$NEER?
The S$NEER is the Singapore dollar nominal effective exchange rate: the value of the Singapore dollar against a trade-weighted basket of its main trading partners’ currencies. The MAS uses it as its monetary policy tool instead of an interest rate.
When is the next MAS policy decision?
The MAS issues monetary policy statements quarterly, in January, April, July and October. The October 2026 statement is due in the second half of October; the MAS advance release calendar confirms the exact date.
What is the USD to SGD forecast for next week?
Week-to-week moves in USD/SGD are usually small: only two of the 38 Friday-to-Friday weeks in 2026 to 9 October saw a move of 1% or more. Our weekly currency forecast, published every Sunday, covers the US data and central bank events due in the week ahead.
Speak to a specialist about your US dollar to Singapore dollar transfer
Whether you are paid in US dollars and living in Singapore, or moving savings between the two, every Cambridge Currencies transfer is handled by phone with a dedicated specialist who can fix a rate ahead of the MAS and Fed decisions. Get a quote for your USD to SGD transfer, or browse all our currency forecasts. We work with FCA-authorised payment partners Currencycloud (FRN 900199) and ScioPay (FRN 927951), with client funds safeguarded at a credit institution in line with UK safeguarding rules. This article is general guidance, not a personal recommendation.
Sources: MAS Monetary Policy Statement (27 July 2026); MAS Monetary Policy Statement (14 April 2026); MAS/MTI Consumer Price Developments in August 2026; Federal Reserve FOMC statement (16 September 2026); ECB euro reference rates (USD/SGD derived).
