USD/SGD hits 7-day low of 1.2943 after Moody's US credit downgrade & Trump's new 10% tariff on S'pore imports. Down 2.2% vs 3-month avg of 1.3236. Analysts predict continued volatility amid trade tensions & lack of major US econ data
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Xoom at a glance
Xoom is an online international money transfer service that offers a secure and fast way to send money from either bank account or credit card from their website to friends and family.
With the Xoom bank deposit service, consumers can send money directly to bank accounts in Argentina, Australia, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, France, Germany, Guatemala, Honduras, India, Ireland, Italy, Jamaica, Mexico, Netherlands, Nicaragua, Panama, Peru, the Philippines, Poland, Spain, the United Kingdom, Uruguay and Vietnam.
Xoom offers cash pickup service to the following countries (number of locations as of 1/3/2013): Argentina (68), Bolivia (333), Brazil (3,798), Chile, (172), Colombia (981), Costa Rica (87), Dominican Republic (367), Ecuador (989), El Salvador (895), Guatemala (2,101), Honduras (692), Jamaica (494), Mexico (15,374), Nicaragua (150), Panama (18), Peru (1,073), Philippines (10,951), and Uruguay (279).
Home delivery services are offered to the Dominican Republic and the Philippines.
Consumers pay for Xoom money transfers using funds from their U.S. bank account, credit card, or debit card. The money transfers are paid out in either U.S. dollars or in local currency.
A popular alternative to Xoom is WorldRemit
USD to SGD Market Data
US dollar (USD) to Singapore dollar (SGD) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell USD →
Buy SGD
USD to SGD is at 7-day lows near 1.2943, 2.2% below its 3-month average of 1.3236, having traded in a quite stable 5.1% range from 1.2882 to 1.3535
|Tracker
| Date | USD/SGD | Change | Period |
|---|---|---|---|
07 May 2025 | 1.2945 | 0.2% ▼ | 2 Week |
20 Feb 2025 | 1.3335 | 3.2% ▼ | 3 Month |
21 May 2024 | 1.3473 | 4.2% ▼ | 1 Year |
22 May 2020 | 1.4246 | 9.4% ▼ | 5 Year |
24 May 2015 | 1.3369 | 3.4% ▼ | 10 Year |
26 May 2005 | 1.6602 | 22.2% ▼ | 20 Year |
What are equivalent amounts of USD and SGD?
Here are some popular conversion amounts for USD to SGD (US dollar to Singapore dollar)*.
*Converted at the current USDSGD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for USD to SGD
The USD to SGD exchange rate is currently facing downward pressure following the recent downgrade of the U.S. credit rating by Moody's. This has contributed to a subdued sentiment around the US dollar, which has fluctuated in reaction to both economic concerns and geopolitical events. Analysts note that the lack of significant economic data from the U.S. in the near term may lead to continued uncertainty, especially amidst President Trump's newly announced tariffs which include a reciprocal 10% on imports from Singapore. These tariffs, part of a broader strategy characterized by what some are calling the "Mar-a-Lago Accord," are intended to reshape trade dynamics and have exacerbated fears of a potential global trade war.
Read our full review of recent USD to SGD forecasts.
How to get a good USD to SGD exchange rate
There are several ways to save on exchange rates when converting US dollar to Singapore dollar:
- Shop around for the best USD/SGD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
- Timing is important: Keep an eye on the USD/SGD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
- Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and SGD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
- Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.
The key is reducing excessive costs and fees
Generally speaking, if you are buying Singapore dollar with US dollar, then it's better for the USD/SGD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Singapore — a practical currency and money guide to travel in Singapore plus living and doing business with the Singapore dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
Will the US dollar rise against the Singapore dollar?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/SGD to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Currency Country Guides
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Related exchange rates
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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