Explore the historical exchange rates between the Singapore Dollar (SGD) and the US Dollar (USD) throughout 2024. This comprehensive guide provides monthly breakdowns, key trends, and actionable insights for travelers, investors, and forex traders.
Key Highlights of SGD to USD in 2024
| Metric | Value |
|---|---|
| Highest Rate | 0.7813 USD (Sep 27) |
| Average Rate | 0.7484 USD |
| Lowest Rate | 0.7316 USD (Dec 31) |
Monthly Exchange Rate Analysis
January 2024
- Peak: 0.7575 USD (Jan 1)
- Low: 0.7439 USD (Jan 17)
- Average: 0.7487 USD
Notable Trend: The SGD weakened mid-month amid global market volatility before recovering slightly.
February 2024
- Peak: 0.7482 USD (Feb 1)
- Low: 0.7401 USD (Feb 13)
- Average: 0.7434 USD
Market Insight: Lunar New Year holiday demand temporarily boosted USD strength against Asian currencies.
March 2024
- Peak: 0.7517 USD (Mar 11)
- Low: 0.7408 USD (Mar 28)
- Average: 0.7459 USD
👉 Best time to convert SGD to USD
Quarterly Performance Summary
| Quarter | Avg Rate | % Change |
|---|---|---|
| Q1 | 0.7460 | -1.12% |
| Q2 | 0.7406 | -0.72% |
| Q3 | 0.7591 | +2.50% |
| Q4 | 0.7409 | -2.40% |
FAQ: SGD to USD Exchange Rate
Q: Why did SGD weaken against USD in December 2024?
A: Year-end dollar strength and Fed rate hikes contributed to the SGD's decline, reaching its annual low of 0.7316 on Dec 31.
Q: When was the best time to convert SGD to USD in 2024?
A: September 27 offered the highest rate (0.7813), ideal for maximizing conversion value.
Q: How does Singapore's monetary policy affect SGD/USD?
A: MAS's managed float system helps stabilize the SGD, though global USD trends often drive short-term fluctuations.
Q: Should I expect similar exchange rates in 2025?
A: While historical trends suggest Q3 strength, macroeconomic factors will ultimately determine 2025 rates.
Key Takeaways
- September showed strongest USD conversion opportunities
- December presented most favorable rates for USD holders
- Quarterly averages help identify long-term trends
👉 Compare historical forex trends
Note: All rates reflect interbank mid-market rates. Retail exchange rates may vary.
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