Exchange rates and insights

Singapore uses the Singapore Dollar (SGD, S$) as its official currency. Introduced in 1967 to replace the Malaya and British Borneo Dollar, it’s managed by the Monetary Authority of Singapore (MAS). Coins are minted by the Singapore Mint, established in 1968.

Singapore operates an exchange-rate-based monetary policy, where MAS manages the dollar against a basket of trade-weighted currencies. This approach helps stabilize the economy and reduce the effects of international market volatility, making the SGD one of Asia’s most stable currencies.

As of the latest mid-market rate, $100 USD ≈ 129 SGD, though it fluctuates with global trends. To stay updated, subscribe to our exchange rate alerts to get notified when rates are most favorable.

In Singapore, $100 USD can cover several local meals, transportation rides, or small purchases — a handy amount for travelers to have in cash.

The Singapore Dollar has strengthened thanks to several key factors:

• A weaker USD due to slower US growth.
• Singapore’s stable, export-driven economy attracting capital inflows.
• The Monetary Authority of Singapore’s policy of managed float, maintaining market confidence.

Strong fundamentals, a large current-account surplus, and global demand for safe-haven currencies have boosted SGD’s performance. Future strength will depend on international trade, rates, and market sentiment.

USD-SGD fluctuations depend on US economic indicators, Fed interest-rate decisions, and global sentiment. The USD might strengthen if the US economy remains resilient, but Singapore’s robust fundamentals and monetary stability could keep SGD firm.

Use our currency converter for live SGD-USD data and combine it with historical charts for a full market overview.