US Dollar vs Singapore Dollar
USDSGD
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.
Trading Conditions
ATP Margin
0.004
Contract Size Currency per 1 Lot Symbol
USD 100,000
Min/Max Trade Size (lots)
0.01 / 100
Schedule and Fees
Market Open
Monday 00:01 MT Server
Market Closed
Friday 23:58 MT Server
Trading Break
23:59 - 00:01 MT Server
3 Day Financing
Wednesday
Long & Short Position Overnight Fee
displayed on the trading platform
Upcoming Calendar Events
| September 26 | Saturday | Volatility | Actual | Previous | Consensus | |||||||||
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FAQ
The USD/SGD is an exotic currency pair that represents the exchange rate between the US dollar and the Singapore dollar, or the number of Singapore dollars (the quote currency) required to purchase one US dollar (the base currency). In terms of exotic pairs, USD/SGD has a relatively high volume and is quite volatile, providing opportunities for trading.
The US dollar is the most widely traded currency in the world, and it is held by the vast majority of central banks and financial institutions. Because of its stability and dependability, the dollar is the currency of choice for international transactions and reserves. Furthermore, the dollar's dominance in international trade has significant implications for global exchange rates and economic policy, and it may serve as a benchmark for nations that desire to set or peg their currencies to the dollar's value.
The Singapore dollar became the country’s official currency in 1967 after Singapore seceded from the Republic of Malaysia; it is also accepted as legal tender in Brunei. SGD, sometimes known as the "sing" in the currency market, has been one of the best-performing currencies since the 2008 global crisis. This is due in part to Singapore's growth as a financial centre with a good regulatory environment, which makes it appealing to firms and investors.
