Vị Trí & Ngôn Ngữ
Công ty Taurex Global Limited được quản lý bởi Cơ quan Dịch vụ Tài chính của Seychelles (FSA) (SD092)
Công ty Taurex Global Limited được quản lý bởi Cơ quan Dịch vụ Tài chính của Seychelles (FSA) (SD092)
Explore the live buy and sell prices, as well as the spread of USD/SGD. Discover trading opportunities, key factors that influence USD SGD, and common pitfalls to avoid in your trades.
Summary
USD/SGD shows how many Singapore dollars (nicknamed the "Sing") are needed to purchase one US dollar. This currency pair reflects the close trade relationship between the United States and Singapore and is highly responsive to Monetary Authority of Singapore (MAS) policy decisions, as well as global oil price movements. It typically offers predictable liquidity patterns with moderate volatility, partly due to Singapore’s role as a major oil refining and trading hub in Asia.
Singapore’s large oil refining industry creates a consistent inverse relationship between crude oil prices and USD/SGD movements. When crude prices decline, USD/SGD often rallies within Asian trading hours, typically moving 15-25 pips. Traders should use 20-pip stops and monitor key weekly inventory reports, which can trigger sharp short-term moves. The negative correlation between oil prices and USD/SGD generally indicates that oil price changes translate to currency movements about 60% of the time.
The Monetary Authority of Singapore (MAS) holds quarterly meetings, which often cause 40-60 pip moves in USD/SGD. Traders should place buy and sell orders 25 pips above and below the current price about two hours before the announcements. MAS policy shifts tend to have a significant impact, especially if surprises occur, potentially triggering sharp SGD strength. Using trailing stops after reaching 30 pips in profit can help capture extended moves.
USD/SGD consolidates in 15-25 pip ranges during the 01:00-09:00 UTC overlap between Asian and European sessions. Mark the high and low at 03:00 UTC, then buy breakouts above resistance or sell breaks below support. Tuesday and Wednesday offer the cleanest setups when institutional flows are strongest. Exit before London's full opening at 08:00 UTC.
Driver
Why it matters
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Singapore's oil refining exports account for 8% of GDP, creating a moderate negative correlation with USD/SGD movements during energy price swings.>>
Fed vs MAS policy impacts drive medium-term trends, with the current MAS eased stance creating potential for policy divergence trades.>>
Petrochemicals, refined products, and electronics exports influence SGD strength as Singapore's manufacturing base responds to global demand shifts.>>
Policy changes and trade tensions affect cross-border flows, with the US-Singapore FTA making bilateral trade particularly sensitive to diplomatic developments.>>
Singapore's 15% trade dependency on global markets amplifies the impact of both domestic GDP releases and major US economic announcements.Disclaimer: Keep in mind that monetary policies, geopolitical tensions or recent macro data can quickly change the direction of this pair.
Traders assume oil price moves immediately mirror in USD/SGD, but the correlation varies between -0.4 and -0.7 depending on market conditions. The recent three-month correlation has weakened as other factors gained importance.
How to dodge it: Use oil as directional bias only, then wait for actual USD/SGD price confirmation before entering. Check the current correlation coefficient weekly and adjust position sizing when correlation drops below -0.5.
Singapore's high trade sensitivity means domestic data releases create outsized moves. Manufacturing represents 20% of GDP, so industrial production surprises can shift the Sing 30-40 pips instantly.
How to dodge it: Monitor Singapore GDP, trade balance, and manufacturing PMI releases with the same attention you give US data. Set calendar alerts for MAS policy communications and Singapore's quarterly economic reviews.
Unique US-Singapore holiday combinations create unexpected liquidity gaps. When one market closes while the other remains open, spreads widen and gap risk increases to 30+ pips overnight.
How to dodge it: Check both the US and Singapore holiday calendars before holding overnight positions. Reduce position sizes by 50% during holiday weeks and avoid new entries 24 hours before major holidays in either country.
Find answers to commonly asked questions about forex trading on Taurex, including topics related to account setup, platform features, trading conditions, and more.
Singapore's trade balance, manufacturing PMI, and GDP growth drive SGD strength, while US employment data and Fed policy statements influence USD direction. Oil inventory reports and refining capacity utilization also matter due to Singapore's energy sector. Watch for quarterly MAS policy reviews and any changes to their exchange rate policy stance.
