Exchange Rate Calculator

As of May 3, 2025, Ethereum (ETH) is trading at approximately S$2,581.38 per ETH. Over the past few months, the ETH/SGD exchange rate has experienced notable fluctuations, reflecting broader trends in the cryptocurrency market and specific developments within the Ethereum ecosystem.

Recent Price Movements

In March 2025, Ethereum's price against the Singapore Dollar exhibited significant volatility. On March 3, ETH reached a high of S$3,410.44, marking a 13.75% increase from the previous day. However, by March 4, the price had declined by 15.11% to S$2,895.17. Throughout the month, ETH/SGD continued to fluctuate, closing at S$2,683.74 on March 28.

In April 2025, the exchange rate remained relatively stable, with minor daily fluctuations. For instance, on April 27, ETH was priced at S$2,382.57, a slight decrease of 0.48% from the previous day.

Factors Influencing ETH/SGD Exchange Rate

Several factors have contributed to the observed volatility in the ETH/SGD exchange rate:

1. Global Cryptocurrency Market Trends: The overall performance of the cryptocurrency market significantly impacts individual assets like Ethereum. Market sentiment, regulatory developments, and macroeconomic factors can lead to rapid price changes.

2. Ethereum Network Developments: Upgrades and changes within the Ethereum network, such as protocol updates or shifts in consensus mechanisms, can influence investor confidence and, consequently, the price of ETH.

3. Singapore's Regulatory Environment: As a major financial hub, Singapore's regulatory stance on cryptocurrencies can affect the demand and valuation of digital assets like Ethereum within the region.

Historical Context

Looking back, Ethereum has experienced substantial growth and volatility. In October 2021, ETH reached a high of S$5,769.98, reflecting the bullish market conditions at that time. However, by August 2023, the price had adjusted to S$2,290.41, illustrating the market's cyclical nature.

Conclusion

The ETH/SGD exchange rate has demonstrated considerable volatility over the past few months, influenced by a combination of global market trends, developments within the Ethereum network, and Singapore's regulatory environment. Investors should remain vigilant and consider these factors when making decisions related to Ethereum investments.