US Dollar (USD) against Singapore Dollar (SGD) Exchange Rate
Note: Please find the currency converter tool for US Dollar against the Singapore Dollar at the bottom of this post.
As recent as Mar 2008, US Dollar (USD) traded against the Singapore Dollar (SGD) at a 1.55 conversion rate (1 US Dollar = 1.55 Singapore Dollar). There has been a consistent drop since then and we are now in a stabilising period where the conversion rate now range around 1.45. This trend of band trading (Sing Dollar/US Dollar) is forecasted to continue till the end of FY2009.
Now, a little about the US Dollar. The U.S. dollar is the currency most used in international transactions. Although U.S. dollar (also known as the “Greenback”) is a fiat currency – declared legally tender by the US Government, several countries use it as their official currency, and in many others it is the de facto currency.
For Singaporeans studying overseas in U.S, this is good news since (more…)
