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country currency pairs usdsgd

US Dollar vs Singapore Dollar

US Dollar vs Singapore Dollar (USDSGD)

The USDSGD currency pair represents the exchange rate between the US Dollar USD and the Singapore Dollar SGD. It’s a significant pair in forex trading, reflecting the economic ties between the United States and Singapore.

-.-- -.--%
Annual change
-.--%
All time High / Low
1.23584 / 1.46459
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
1.34029
High
1.34108

USDSGD Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: 0.51
  • Swap Short: -13.27
  • Margin Group: FX Majors
  • Margin Currency: USD
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of USDSGD

The history of the USDSGD currency pair reflects the exchange rate between the United States Dollar USD and the Singapore Dollar SGD over time. This exchange rate has experienced fluctuations influenced by a variety of economic, geopolitical, and market factors. Traders and investors analyze historical price data and trends to make informed decisions when trading or investing in the USDSGD pair. Over the years, this currency pair has witnessed shifts in response to changes in interest rates, economic conditions, and global events, making it an essential part of the forex market for those seeking exposure to developments in both the United States and Singapore.

currency pair usdsgd

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Frequently Asked Questions

The USDSGD currency pair represents the exchange rate between the United States Dollar USD and the Singapore Dollar SGD. In this pairing, the USD is the base currency, and the SGD is the quote currency. It tells you how many Singapore Dollars are needed to buy one United States Dollar. Traders and investors closely monitor this currency pair, as it reflects the relative strength of these two currencies and can be influenced by various economic factors, interest rates, geopolitical events, and market sentiment in both the United States and Singapore.

To trade the USDSGD pair, you need to open an account and deposit funds, you should conduct market analysis, considering both technical and fundamental factors. Technical analysis involves studying price charts, indicators, and patterns, while fundamental analysis focuses on economic data, interest rates, and geopolitical events. With a well-defined trading strategy in place, including clear entry and exit points and risk management rules, you can execute buy or sell orders based on your analysis. Monitoring the market closely and using stop-loss and take-profit orders to manage risk is crucial. Stay informed about news and events that can influence the USDSGD pair, such as economic releases and geopolitical developments.

The trading hours for USDSGD can be found here

Popular trading strategies for the USDSGD pair include trend following, swing trading, and breakout trading. Trend-following traders use technical analysis tools like moving averages to identify and follow prevailing trends. Swing traders seek to profit from shorter-term price fluctuations within the overall trend. Breakout traders look for significant price movements beyond support or resistance levels and enter positions in the direction of the breakout. These strategies require a combination of technical and fundamental analysis, along with risk management techniques to succeed in the forex market.

When trading the USDSGD pair, it’s essential to consider various factors that can impact its exchange rate. First, keep a close watch on economic data and events in both the United States and Singapore. This includes reports on interest rates, GDP, employment, and inflation. Additionally, political stability, government policies, and geopolitical events can influence the currency pair. Finally, market sentiment and risk appetite play a significant role in currency trading, so monitor global economic trends and news that can affect investor confidence and risk-taking behavior.