Exchange Rate Calculator

The exchange rate between the Swiss Franc (CHF) and the Singapore Dollar (SGD) has exhibited notable fluctuations over the past few months, reflecting the dynamic interplay of economic factors influencing both currencies. This report provides an analysis of the CHF/SGD exchange rate movements from January to April 2025, highlighting key trends and potential underlying causes.

Overview of CHF/SGD Exchange Rate Movements

Between January and April 2025, the CHF/SGD exchange rate experienced both peaks and troughs, indicating periods of appreciation and depreciation of the Swiss Franc relative to the Singapore Dollar. The highest recorded exchange rate during this period was 1.5182 SGD per CHF on March 11, 2025, while the lowest was 1.4808 SGD per CHF on February 13, 2025. The average exchange rate over these four months was approximately 1.4969 SGD per CHF.

Monthly Breakdown

January 2025:

The month began with the CHF/SGD exchange rate at 1.5042 on January 1, 2025. The rate peaked at 1.5078 on January 3 and experienced a low of 1.4864 on January 24. The average exchange rate for January was 1.4965.

February 2025:

February saw a continuation of the downward trend from late January, with the exchange rate reaching its lowest point of 1.4808 on February 13. The average rate for the month was 1.4900.

March 2025:

March marked a period of recovery for the Swiss Franc, with the exchange rate climbing to a high of 1.5182 on March 11. The average exchange rate for March was 1.5094.

April 2025:

Data for April 2025 indicates a stabilization of the exchange rate, maintaining levels around the March average. Specific daily rates for April are not provided in the available sources.

Factors Influencing Exchange Rate Movements

Several factors may have contributed to the observed fluctuations in the CHF/SGD exchange rate during this period:

1. Monetary Policy Decisions:

The Swiss National Bank (SNB) and the Monetary Authority of Singapore (MAS) implement monetary policies that directly impact their respective currencies. Any changes in interest rates or monetary policy stances can influence investor confidence and currency valuations.

1. Economic Indicators:

Key economic indicators such as GDP growth rates, inflation figures, and employment data from both Switzerland and Singapore can affect currency strength. Positive economic data typically strengthens a currency, while negative data can lead to depreciation.

1. Global Economic Climate:

External factors, including global trade dynamics, geopolitical events, and economic performance of major trading partners, can influence both the CHF and SGD. For instance, increased demand for safe-haven currencies like the CHF during periods of global uncertainty can lead to appreciation against other currencies.

1. Market Sentiment:

Investor sentiment and speculative activities in the foreign exchange market can cause short-term fluctuations in exchange rates. News events, market rumors, and changes in risk appetite can lead to rapid shifts in currency valuations.

Comparative Analysis with Previous Years

Comparing the CHF/SGD exchange rate movements in early 2025 with previous years provides additional context:

• 2024: The exchange rate exhibited a high of 1.5213 in March and a low of 1.4832 in April, with an average of 1.5093 during March.

• 2023: The exchange rate ranged from a high of 1.4765 in March to a low of 1.4282 in the same month, with an average of 1.4492 during March.

These comparisons indicate that the CHF/SGD exchange rate in early 2025 has been relatively stable, with fluctuations within a narrower range compared to previous years.

Implications for Stakeholders

Understanding the movements of the CHF/SGD exchange rate is crucial for various stakeholders:

• Investors and Traders: Currency fluctuations can impact investment returns, especially for those involved in forex trading or holding assets denominated in CHF or SGD.

• Businesses: Companies engaged in trade between Switzerland and Singapore need to manage currency risk to protect profit margins.

• Travelers and Expatriates: Exchange rate movements affect the cost of travel and living expenses for individuals moving between the two countries.

Conclusion

The CHF/SGD exchange rate from January to April 2025 has shown periods of both appreciation and depreciation, influenced by a complex interplay of monetary policies, economic indicators, global economic conditions, and market sentiment. While the exchange rate has remained relatively stable compared to previous years, stakeholders should remain vigilant and consider these factors when making financial decisions involving these currencies.