On 16 October 2026, 1 Singapore dollar was worth about US$0.7814. That comes from the Federal Reserve's reference rate of 1.2798 SGD per US dollar (FRED series DEXSIUS). To convert, divide the SGD amount by the USD/SGD rate. For example, S$1,000 ÷ 1.2798 ≈ US$781.37. Rates change every trading day, so check a live quote before you convert. The rate your bank or provider gives you will be a little worse than this reference rate.
Latest: MAS kept its policy unchanged on 14 October 2026
The newest development for the pair is the Monetary Authority of Singapore's (MAS) policy statement of 14 October 2026. MAS kept the rate of appreciation of the S$NEER policy band unchanged, and left the band's width and centre unchanged too (MAS, 14 Oct 2026). This pause followed two tightening moves earlier in the year: a slight increase in the slope on 14 April 2026 and a very slight increase on 27 July 2026 (MAS past decisions).
Points from the October statement:
- S$NEER position: the trade-weighted Singapore dollar "has strengthened modestly within the upper half of the appreciating policy band."
- Inflation: MAS Core Inflation is forecast to average 1.5–2.0% in 2026, with CPI-All Items inflation around 2.0%. For 2027, both measures are projected to average 1.5–2.5%.
- Growth: Singapore's GDP grew 5.4% year-on-year in Q3 2026, and 1.1% quarter-on-quarter on a seasonally adjusted basis.
MAS releases policy statements in January, April, July and October (MAS). The next scheduled review falls in January 2027.
SGD to USD conversion table
All rows use the Federal Reserve rate of 16 October 2026: 1 USD = 1.2798 SGD, so 1 SGD ≈ 0.7814 USD. These are reference figures. A provider's actual quote will include a spread.
| SGD | USD |
|---|---|
| S$1 | US$0.78 |
| S$10 | US$7.81 |
| S$100 | US$78.14 |
| S$500 | US$390.69 |
| S$1,000 | US$781.37 |
| S$5,000 | US$3,906.86 |
| S$10,000 | US$7,813.72 |
- SGD to USD: SGD amount ÷ USD/SGD rate
- USD to SGD: USD amount × USD/SGD rate
How the SGD/USD rate has moved
All figures below are Federal Reserve noon buying rates in New York, in SGD per US dollar (FRED DEXSIUS). A lower number means a stronger Singapore dollar.
| Date | USD/SGD | 1 SGD in USD |
|---|---|---|
| 2 Jan 2025 | 1.3691 | 0.7304 |
| 31 Dec 2025 | 1.2859 | 0.7777 |
| 2 Jan 2026 | 1.2858 | 0.7777 |
| 11 Feb 2026 (2026 low) | 1.2616 | 0.7926 |
| 24 Jun 2026 (2026 high) | 1.2977 | 0.7706 |
| 16 Oct 2026 | 1.2798 | 0.7814 |
What the series shows:
- 2025: a Singapore dollar bought about 6.5% more US dollars at the end of 2025 than at the start (0.7304 to 0.7777).
- 2026 so far: the pair has stayed in a narrow range of roughly 1.26 to 1.30. The Singapore dollar is up about 0.5% against the US dollar between 2 January and 16 October.
- The February low: the reading of 1.2616 on 11 February 2026 was the strongest Singapore dollar level in this series since 16 September 2014, when the rate was 1.2593.
What does your SGD to USD quote really cost?
Enter the Singapore dollars you are converting, the USD/SGD reference rate and the US dollars a provider would pay you after all fees. The result is your total cost as a percentage.
| Singapore dollars you are converting | USD/SGD reference rate (SGD per US dollar) | US dollars the provider would give you after all fees | Total cost of the conversion versus the reference rate |
|---|---|---|---|
| 1,000 S$ | 1.2798 SGD | 765 US$ | 2.1 % |
| 1,000 S$ | 1.2798 SGD | 765 US$ | 2.1 % |
| 1,000 S$ | 1.2616 SGD | 765 US$ | 3.49 % |
- The amount, the reference rate and the quoted US dollars are all your own inputs. The defaults repeat the article's example: S$1,000 at 1.2798 against a quote of US$765, which costs about 2%.
- The result compares the quote with the reference rate. A higher percentage means the spread and fees on that quote cost you more.
This is arithmetic on your inputs only. It does not give a live rate, does not tell you whether a provider is licensed by MAS, and does not show how a spread and a fixed fee each add to the cost.
Why MAS manages the exchange rate, not interest rates
Most central banks steer the economy through a policy interest rate. MAS uses the Singapore dollar nominal effective exchange rate (S$NEER), a trade-weighted basket of currencies, as its intermediate target (MAS FAQ). MAS gives these reasons:
- Trade: Singapore's gross exports and imports of goods and services are more than 300% of GDP.
- Imports: roughly 40 cents of every domestic dollar spent goes to imports, so exchange-rate changes feed quickly into consumer prices.
- Basket, Band, Crawl: MAS lets the S$NEER move "along a typically appreciating path or crawl within a policy band". At each review it can change the slope, the width or the centre of the band.
This matters when reading SGD/USD. MAS targets a basket, not the US dollar alone. When the US dollar moves broadly, SGD/USD can move noticeably even if MAS makes no policy change. A steeper slope, like the ones set in April and July 2026, tends to favour a stronger Singapore dollar against the basket over time. It does not guarantee any particular level against the US dollar.
Converting in practice
Check the reference rate first
Daily reference rates are free: the Federal Reserve series on FRED, and MAS's own statistics. FRED's data comes from the Federal Reserve's H.10 release. The page can be a few days behind the market, so a live quote from your provider will be more current.
Work out what a quote really costs
Every provider adds a spread to the mid-market rate, and some add a fixed fee as well. To compare offers, compute the effective cost:
- Write down the USD you would receive for a given SGD amount, after all fees.
- Divide your SGD amount by the current USD/SGD reference rate.
- The gap between the two numbers, as a percentage of the second, is your total cost.
For example, at the reference rate S$1,000 is worth about US$781. If a provider would give you US$765 after fees, the conversion costs you about 2%.
Use a licensed provider
In Singapore, money-changing and cross-border money transfer are regulated under the Payment Services Act 2019. Providers need a money-changing licence, a standard payment institution licence or a major payment institution licence (MAS licensing guide). You can check any firm in the MAS Financial Institutions Directory. MAS revoked a money changer's major payment institution licence in 2026 after finding that it let a third party run a cross-border transfer business under its name (MAS enforcement).
Singapore dollar basics
- Code: SGD
- Symbol: S$
- Issuer: Monetary Authority of Singapore
- Brunei link: under the Currency Interchangeability Agreement of 1967, Singapore and Brunei currency notes are exchangeable at par. The two countries reaffirmed this at the agreement's 50th anniversary in 2017 (MAS).
FAQ
How much is 1 Singapore dollar in US dollars?
About US$0.7814, based on the Federal Reserve rate of 1.2798 SGD per US dollar on 16 October 2026. Check a live quote before you convert.
Is the Singapore dollar getting stronger?
Against the US dollar, it gained about 6.5% in 2025. In 2026 it has moved within a narrow range, up about 0.5% between 2 January and 16 October. Against its trade-weighted basket, MAS says the S$NEER is in the upper half of its appreciating band.
What did MAS decide most recently?
On 14 October 2026, MAS kept the slope, width and centre of the S$NEER band unchanged. Earlier in 2026, it had raised the slope in April and again in July.
Where can I find historical SGD/USD data?
The Federal Reserve's daily series DEXSIUS on FRED goes back to 1981 and can be downloaded as CSV.
Limitations: the rates shown are Federal Reserve reference rates to 16 October 2026, not live quotes. This article is not financial advice.
