Exchange Rate Calculator

The exchange rate between the Canadian Dollar (CAD) and the Singapore Dollar (SGD) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, historical data, and forecasts to offer insights into the CAD/SGD currency pair.

Recent Exchange Rate Trends

In early 2025, the CAD/SGD exchange rate experienced significant volatility. On January 15, 2025, the rate peaked at 0.9535, marking the highest point for the year. Subsequently, the rate declined, reaching its lowest at 0.9224 on March 11, 2025. This represents a decrease of approximately 3.3% over a two-month period. (exchange-rates.org)

By the end of March 2025, the exchange rate stabilized around 0.9320. This stabilization suggests a potential consolidation phase following the earlier fluctuations. (investing.com)

Historical Exchange Rate Data

Analyzing the exchange rate data for the first quarter of 2025 reveals the following:

• January 2025: The exchange rate averaged 0.9455, with a high of 0.9535 and a low of 0.9330.

• February 2025: The average rate was 0.9418, fluctuating between 0.9470 and 0.9331.

• March 2025: The rate averaged 0.9281, with a high of 0.9326 and a low of 0.9224. (exchange-rates.org)

This data indicates a gradual depreciation of the CAD against the SGD during the first quarter of 2025.

Forecasts and Predictions

Looking ahead, various forecasts provide insights into the potential movement of the CAD/SGD exchange rate:

• Short-Term Forecasts: Predictions for June 2025 suggest an average exchange rate of approximately 0.9371, with a high of 0.9417 and a low of 0.9324. (midforex.com)

• Mid-Term Forecasts: By December 2025, the exchange rate is projected to average around 0.9408, ranging between 0.9455 and 0.9361. (midforex.com)

• Long-Term Forecasts: By March 2026, the exchange rate is forecasted to be approximately 0.940986. (gov.capital)

These forecasts suggest a relatively stable exchange rate in the near to mid-term, with minor fluctuations.

Factors Influencing the Exchange Rate

Several factors may influence the CAD/SGD exchange rate:

• Economic Indicators: Differences in economic growth rates, employment figures, and inflation between Canada and Singapore can impact the exchange rate.

• Monetary Policies: Decisions by the Bank of Canada and the Monetary Authority of Singapore regarding interest rates and monetary policies can affect currency valuations.

• Commodity Prices: Canada's economy is significantly influenced by commodity exports, particularly oil. Fluctuations in commodity prices can impact the CAD's strength.

• Global Economic Conditions: Global events, such as trade tensions or economic crises, can lead to shifts in investor sentiment, affecting both currencies.

Conclusion

The CAD/SGD exchange rate has experienced fluctuations in early 2025, with a notable depreciation of the CAD against the SGD. However, forecasts suggest a stabilization in the exchange rate in the coming months. Investors and businesses engaged in transactions involving these currencies should monitor economic indicators and policy decisions in both countries to make informed decisions.