Exchange Rate Calculator

The exchange rate between the Euro (EUR) and the Singapore Dollar (SGD) is a critical metric for businesses, investors, and policymakers engaged in Eurozone and Southeast Asian markets. This report provides an analysis of the EUR/SGD exchange rate over the past few months, examines technical indicators, and offers insights into future trends.

Recent Exchange Rate Trends

Over the past six months, the EUR/SGD exchange rate has exhibited notable fluctuations. Between September 18, 2024, and March 15, 2025, the exchange rate ranged from a low of 1.3967 SGD per EUR on February 22, 2025, to a high of 1.4610 SGD per EUR on March 14, 2025. The average exchange rate during this period was approximately 1.4188 SGD per EUR.

In the first quarter of 2025, the EUR/SGD exchange rate demonstrated an upward trend. Starting at 1.4053 SGD per EUR on January 10, 2025, the rate increased to 1.4512 SGD per EUR by March 20, 2025. This appreciation reflects a strengthening Euro against the Singapore Dollar during this timeframe.

Technical Analysis

Technical indicators provide insights into the momentum and potential future movements of the EUR/SGD exchange rate. As of March 28, 2025, several key indicators suggest a bullish trend:

• Relative Strength Index (RSI): The 14-day RSI stood at 78.873, indicating overbought conditions.

• Moving Averages: Both simple and exponential moving averages across various periods (5, 10, 20, 50, 100, and 200 days) signaled a 'Buy' action, reflecting sustained upward momentum.

• Moving Average Convergence Divergence (MACD): The MACD value of 0.002 also suggested a 'Buy' signal.

These indicators collectively point to a strong bullish sentiment in the EUR/SGD market as of late March 2025.

Forecasts and Projections

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

• Short-Term Forecasts: Projections for April 2025 anticipate the exchange rate to average around 1.50784 SGD per EUR, with a potential high of 1.520845 SGD.

• Medium-Term Forecasts: By the end of 2025, the exchange rate is expected to average approximately 1.5093 SGD per EUR, with fluctuations between 1.5063 and 1.5123 SGD.

• Long-Term Forecasts: Over the next five years, the EUR/SGD exchange rate is projected to average around 1.6112 SGD per EUR by 2030, indicating a gradual appreciation of the Euro against the Singapore Dollar.

It's important to note that some forecasts suggest potential declines. For instance, one analysis predicts a decrease from 1.457 to 1.407 SGD per EUR, representing a change of -3.437%.

Factors Influencing the Exchange Rate

Several factors contribute to the movements in the EUR/SGD exchange rate:

• Economic Indicators: Differences in economic growth rates, inflation, and employment figures between the Eurozone and Singapore can influence currency valuations.

• Monetary Policies: Decisions by the European Central Bank (ECB) and the Monetary Authority of Singapore (MAS) regarding interest rates and monetary policy can impact the exchange rate.

• Trade Balances: The trade relationships and balances between the Eurozone and Singapore affect demand for each currency.

• Global Market Sentiment: Investor risk appetite and global economic conditions can lead to shifts in currency demand, influencing the EUR/SGD exchange rate.

Conclusion

The EUR/SGD exchange rate has experienced an upward trend in recent months, supported by bullish technical indicators. While forecasts generally predict continued appreciation of the Euro against the Singapore Dollar, some analyses suggest potential declines. Market participants should monitor economic indicators, monetary policies, and global market conditions to make informed decisions regarding the EUR/SGD currency pair.