* Default rate is estimated. Please update with real-time market data.
Converted Amount
S$ 0.00
function convertCurrency() {
var usdAmount = document.getElementById("usdInput").value;
var rate = document.getElementById("exchangeRate").value;
var resultBox = document.getElementById("resultBox");
var sgdDisplay = document.getElementById("sgdResult");
var summaryDisplay = document.getElementById("conversionSummary");
// Validate inputs
if (usdAmount === "" || rate === "" || isNaN(usdAmount) || isNaN(rate)) {
alert("Please enter valid numbers for both the amount and the exchange rate.");
return;
}
var usdVal = parseFloat(usdAmount);
var rateVal = parseFloat(rate);
if (usdVal < 0 || rateVal < 0) {
alert("Values cannot be negative.");
return;
}
// Calculate
var sgdTotal = usdVal * rateVal;
// Display results
resultBox.style.display = "block";
// Formatting numbers with commas and 2 decimal places
var formattedSGD = sgdTotal.toLocaleString('en-SG', { style: 'currency', currency: 'SGD' });
var formattedUSD = usdVal.toLocaleString('en-US', { style: 'currency', currency: 'USD' });
sgdDisplay.innerHTML = formattedSGD;
summaryDisplay.innerHTML = "Based on a rate of " + rateVal.toFixed(4) + " SGD/USD" + formattedUSD + " = " + formattedSGD;
}
Converting US Dollars to Singapore Dollars
Whether you are a traveler planning a trip to Marina Bay Sands, an expat moving to the Lion City, or a business owner handling international transactions, understanding the exchange rate between the United States Dollar (USD) and the Singapore Dollar (SGD) is crucial. This calculator provides a quick and accurate estimation of your conversion based on current or custom exchange rates.
How the USD/SGD Exchange Rate Works
The exchange rate represents the value of one currency in terms of another. In the context of USD/SGD, the rate tells you how many Singapore Dollars you will receive for every one US Dollar. For example, if the rate is 1.35, exchanging $100 USD will yield S$135 SGD.
Unlike many other currencies that float freely, the Singapore Dollar is managed by the Monetary Authority of Singapore (MAS) against a trade-weighted basket of currencies from Singapore's major trading partners. This managed float system helps ensure stability in Singapore's export-driven economy.
Factors Influencing the Exchange Rate
Several macroeconomic factors cause the exchange rate to fluctuate daily:
Interest Rates: Differences between the Federal Reserve's interest rates and Singapore's monetary policy can drive capital flows, affecting demand for each currency. Higher US interest rates generally strengthen the USD.
Economic Performance: GDP growth, employment data, and manufacturing output in both the US and Singapore influence investor confidence.
Geopolitics: As a safe-haven currency, the USD often strengthens during times of global uncertainty, while the SGD is viewed as a stable Asian currency.
Inflation: Countries with lower inflation rates generally see an appreciation in the value of their currency.
Tips for Getting the Best Exchange Rate
When converting USD to SGD, keep the following tips in mind to maximize your money:
Avoid Airport Kiosks: Currency exchange booths at airports typically offer the worst rates with high hidden fees.
Check the Mid-Market Rate: Use tools like this calculator to know the "real" exchange rate before committing to a transfer.
Use Multi-Currency Accounts: If you frequently transact in both currencies, consider digital banking solutions that allow you to hold and convert money at near-interbank rates.
Watch for Transaction Fees: Banks often charge a spread on the exchange rate plus a fixed transaction fee. Always calculate the total cost of the transfer.
Common Conversion Benchmarks (at estimated 1.35 rate)
Having a mental reference for common amounts can help with budgeting:
$10 USD ≈ S$13.50 SGD (Cost of a casual lunch)
$50 USD ≈ S$67.50 SGD (Taxi fare from Changi Airport to City)
$100 USD ≈ S$135.00 SGD (Nice dinner for two)
$1,000 USD ≈ S$1,350.00 SGD (Short term accommodation)