US Dollar/Singapore Dollar Financial Spread Betting and Trading Guide with Charts and Prices
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USD/SGD Spread Betting Guide

USD/SGD Spread Betting



Where Can I Spread Bet on USD/SGD?


You can spread bet on USD/SGD, AUD/SGD and SGD/JPY with:

USD/SGD Market Analysis and Trading News


Date Trading Update
09-Oct-17 [12:48pm]

USD/SGD Daily Analysis

  • USD/SGD is currently trading at S$1.36300.
  • At the end of the last session, the market closed S$0.00163 (0.12%) higher at S$1.36444.
30 Minute Chart Analysis

Falling Forex Pair The currency pair is lower than the 20-period MA of S$1.36356 and lower than the 50-period MA of S$1.36437.

1 Day Chart Analysis

Rising Forex Pair The FX market is trading higher than the 20-day MA of S$1.35544 and higher than the 50-day MA of S$1.35511.

Update by Gordon Childs, Editor, CleanFinancial

» More forex trading views and analysis.

Readers please note:


Where Can I Find Live Spread Betting Prices and Charts for USD/SGD?


This CFDs chart will provide users with a guide to the USD/SGD currency market.


The Plus500 chart above usually shows the near-term USD/SGD futures market (not the daily market).

If you would like access to live financial spread betting charts/prices for USD/SGD, you might require a spread betting account.

A spreads account also lets you access the shorter term daily markets. Note that accounts are normally dependent on credit, status and suitability checks.

If your account application is approved then, after logging on, you will be able to study the real-time trading prices and charts. Usually, these will be provided for free. The catch? You'll probably get the odd letter and/or email from the online spread betting firm.

Of course, if you were to trade then you must remember that contracts for difference and spread betting do carry a high degree of risk to your funds and you can lose more than your initial deposit.

Technical Charting Packages for USD/SGD


Although charting software and packages differ from firm to firm, to aid your analysis, most charts have useful features, including:
  • A variety of time intervals such as 3 minutes, 15 minutes, 1 day etc.
  • Various display options such as OHLC charts and candle charts
  • Drawing tools and features such as Fibonacci Time Zones, Arcs and Fans

The charts provided by Selftrade Markets also offer other benefits, including:
  • Back Testing tools and Tailored Indicators
  • Helpful chart overlays such as Ichimoku Cloud, Exponential Moving Average, Envelopes etc.
  • Secondary technical charts such as True Strength Index, Range Indicator, Klinger Oscillator etc.
  • Custom email alerts for when your chosen market reaches a specific level

Example forex market candle chart

USD/SGD Trading Guide - Example Chart


The spread betting firms listed below give their clients real-time trading charts/prices:
Advert: USD/SGD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on USD/SGD with Financial Spreads.


Where Can I Spread Bet on USD/SGD for Free?


By its very nature, speculating involves a degree of risk, however, if you want to try a Practice Account (free), that lets you trial spread trading, then see below for more details.

When considering which trading option is right for you, don't forget that financial spread betting in the UK is currently tax free*, i.e. it is exempt from capital gains tax, income tax and stamp duty.

Assuming you want a low cost financial spread betting site then you should note that investors can trade USD/SGD without having to pay any brokers' fees through firms like:

Free Demo Account


If you want to open a virtual money Demo Account / Test Account where users are able to try out financial spread betting on markets like USD/SGD, then you could look at: The above firms provide a free Test Account that investors can use to try out trading theories, analyse charts and practice with a host of orders.


How to Spread Bet on USD/SGD

How to Spread Bet on USD/SGD?


Investors can place a spread bet on foreign exchange pairs, such as USD/SGD and SGD/JPY, to either rise or fall.

Looking at a site like Capital Spreads, you can see they are currently offering the USD/SGD Rolling Daily market at S$1.22893 - S$1.22933. Therefore, an investor could spread trade on the USD/SGD pair:

  USD/SGD Spread Trading Example Moving higher than S$1.22933, or
  USD/SGD Trading Example Moving lower than S$1.22893

When financial spread betting on USD/SGD you trade in x per point where a point is S$0.00010 of the pairs movement. Therefore, if you decided to invest 3 per point and USD/SGD moves 32.0 points then that would be a difference to your profits (or losses) of 96. 3 per point x S$0.00320 = 3 per point x 32.0 points = 96.

Rolling Daily Forex Markets

One thing to note is that this is a Rolling Daily Market which means that there is no set settlement date for this market. Should your trade be left open at the end of the trading day, it just rolls over into the next day.

If you do let your forex trade roll over then you normally pay a small overnight financing fee. For more information see Rolling Daily Spread Betting.


How to Spread Bet on the Singapore Dollar: USD/SGD Example


Now, if you think about the above spread of S$1.22893 - S$1.22933 and make the assumptions that:
  • You've done your research, and
  • Your research leads you to feel the USD/SGD rate will push above S$1.22933
Then you could buy at S$1.22933 for a stake of 3 per point.

So, you make a profit of 3 for every point (S$0.00010) that the USD/SGD rate rises higher than S$1.22933. Of course, you will lose 3 for every point that the USD/SGD market moves lower than S$1.22933.

Looking at this from another angle, if you Buy a spread bet then your profit/loss is worked out by taking the difference between the final price of the market and the initial price you bought the spread at. You then multiply that price difference by the stake.

Therefore, if after a few trading sessions the forex rate moved higher then you could consider closing your spread bet in order to secure your profit.

Therefore, if the market moved up then the spread might change to S$1.23302 - S$1.23342. To close your trade you would sell at S$1.23302. Therefore, with the same 3 stake you would calculate your profit as:

Profit = (Closing Level - Initial Level) x stake
Profit = (S$1.23302 - S$1.22933) x 3 per point stake
Profit = S$0.00369 x 3 per point stake
Profit = 36.9 points x 3 per point stake
Profit = 110.70 profit

Speculating on FX, whether by spread betting or otherwise, is not always simple. In the above example, you had bet that the FX pair would go up. Nevertheless, the currency rate might fall.

If the USD/SGD market dropped then you could close your trade to stop any further losses.

So if the spread pulled back to S$1.22515 - S$1.22555 you would settle your trade by selling at S$1.22515. If so, this would result in a loss of:

Loss = (Closing Level - Initial Level) x stake
Loss = (S$1.22515 - S$1.22933) x 3 per point stake
Loss = -S$0.00418 x 3 per point stake
Loss = -41.8 points x 3 per point stake
Loss = -125.40 loss

Note: USD/SGD Rolling Daily forex market quoted as of 11-Sep-12.


Advert: USD/SGD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on USD/SGD with Financial Spreads.


How to Spread Bet on Singapore Dollar - Yen

How to Spread Bet on the Singapore Dollar: SGD/JPY Example


Looking at a spread trading website like capital spreads, you can see that they are currently valuing the Singapore Dollar - Yen Rolling Daily market at ¥64.140 - ¥64.220. Therefore, you could spread bet on the Singapore Dollar - Yen rate:

  Singapore Dollar - Yen Spread Trading Example Going higher than ¥64.220, or
  Singapore Dollar - Yen Trading Example Going lower than ¥64.140

Whilst making a spread bet on Singapore Dollar - Yen you trade in x per point where a point is ¥0.010 of the pairs movement. As a result, if you risked 2 per point and Singapore Dollar - Yen moves 34.0 points then that would change your profits (or losses) by 68. 2 per point x ¥0.340 = 2 per point x 34.0 points = 68.

So, if we think about the spread of ¥64.140 - ¥64.220 and assume that:
  • You have done your analysis of the foreign exchange markets, and
  • It leads you to feel that the Singapore Dollar - Yen rate will increase and move above ¥64.220
Then you could decide that you are going to buy a spread bet at ¥64.220 and risk, for the sake of argument, 4 per point.

With such a bet you make a profit of 4 for every point (¥0.010) that the Singapore Dollar - Yen pair moves higher than ¥64.220. Of course, it also means that you will lose 4 for every point that the Singapore Dollar - Yen market goes below ¥64.220.

Looking at this from another angle, should you buy a spread bet then your profits (or losses) are calculated by taking the difference between the final price of the market and the initial price you bought the market at. You then multiply that difference in price by the stake.

If after a few days the forex pair rose then you might consider closing your position so that you can secure your profit.

As an example, should the market rise, the spread, set by the spread betting company, could change to ¥64.535 - ¥64.615. In order to close your position you would sell at ¥64.535. As a result, with the same 4 stake you would make:

Profit / loss = (Settlement Price - Opening Price) x stake
Profit / loss = (¥64.535 - ¥64.220) x 4 per point stake
Profit / loss = ¥0.315 x 4 per point stake
Profit / loss = 31.5 points x 4 per point stake
Profit / loss = 126.00 profit

Trading FX markets is never simple. In this example, you had bet that the currency pair would go up. Naturally, the forex rate can also go down.

If the Singapore Dollar - Yen market weakened, against your expectations, then you might decide to settle/close your position in order to limit your losses.

So if the spread dropped to ¥63.867 - ¥63.947 you would settle your trade by selling at ¥63.867. This would result in a loss of:

Profit / loss = (Settlement Price - Opening Price) x stake
Profit / loss = (¥63.867 - ¥64.220) x 4 per point stake
Profit / loss = -¥0.353 x 4 per point stake
Profit / loss = -35.3 points x 4 per point stake
Profit / loss = -141.20 loss

Note - Singapore Dollar - Yen Rolling Daily currency market quoted as of 18-Sep-12.


Advert: USD/SGD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on USD/SGD with Financial Spreads.


Trading Risk Warning
'USD/SGD Spread Betting' edited by Jacob Wood, updated 09-Oct-17

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