The exchange rate between the US dollar (USD) and the Singapore dollar (SGD) has drawn significant attention in the international currency markets. Recent data shows that 1 USD currently exchanges for 1.28479 SGD , meaning that an amount of $10,000 would yield approximately S$12,847.88.
Over the past 30 days, the USD/SGD pair has experienced notable fluctuations, peaking at 1.2894 and dipping to a low of 1.2826. This volatility highlights the dynamic nature of the currency pair, presenting both opportunities and challenges for forex traders.
Expanding the analysis to a 90-day period reveals even greater market movement, with the exchange rate reaching a high of 1.3056 and a low of 1.2709. The average rate during this timeframe has hovered around 1.2854, providing investors with a clearer benchmark for assessing trends.
For individuals and businesses considering forex investments, understanding these fluctuations is crucial. Historical data indicates a volatility rate of 0.14%, underscoring the need for careful market analysis before executing trades.
As global economic conditions continue to evolve, the USD/SGD exchange rate will remain a key focus for market participants. Whether for personal investments or corporate financial planning, staying informed about these currency dynamics can lead to more strategic decision-making.