Exchange Rate Calculator

The exchange rate between the Euro (EUR) and the Singapore Dollar (SGD) has exhibited notable fluctuations over the past few months, reflecting a dynamic interplay of economic factors and market sentiments. Understanding these trends is crucial for investors, businesses, and policymakers engaged in the Euro-Singapore Dollar currency pair.

Recent Exchange Rate Trends

As of March 17, 2025, the EUR/SGD exchange rate stood at 1.452, marking a significant increase from earlier in the year. For instance, on January 7, 2025, the rate was 1.415, indicating a rise of approximately 2.6% over this period. (ycharts.com)

This upward trajectory was particularly pronounced between February and March 2025. On February 10, 2025, the exchange rate was at its lowest point in recent months, recorded at 1.3942. By March 4, 2025, it had climbed to 1.4129, reflecting a gain of about 1.3% within a month. (poundsterlinglive.com)

Technical Analysis Indicators

Technical analysis provides further insights into the EUR/SGD currency pair's performance. As of March 28, 2025, several key indicators suggested a bullish trend:

• Relative Strength Index (RSI): The 14-day RSI was 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, reinforcing the bullish sentiment.

• MACD (12,26): The Moving Average Convergence Divergence value was 0.002, supporting a 'Buy' signal.

(investing.com)

These indicators collectively point towards a strong upward momentum in the EUR/SGD exchange rate during this period.

Forecasts and Projections

Looking ahead, various forecasts provide differing perspectives on the EUR/SGD exchange rate:

• Short-Term Forecasts: Some analyses predict a slight decline in the exchange rate. For example, projections suggest a decrease from 1.457 to 1.407, a change of approximately -3.437%. (walletinvestor.com)

• Long-Term Forecasts: Other sources anticipate a gradual increase over the next few years. By the end of 2025, the average exchange rate is forecasted to be around 1.4661, with values ranging between 1.4632 and 1.4690. Looking further ahead to 2026, the average rate is projected at 1.4778, fluctuating between 1.4734 and 1.4821. (midforex.com)

These projections underscore the inherent uncertainties in currency markets, influenced by a myriad of economic, political, and social factors.

Factors Influencing the EUR/SGD Exchange Rate

Several key factors have contributed to the recent movements in the EUR/SGD exchange rate:

1. Economic Indicators: Differences in economic performance between the Eurozone and Singapore, such as GDP growth rates, employment figures, and trade balances, can significantly impact the exchange rate.

2. Monetary Policies: Decisions by the European Central Bank (ECB) and the Monetary Authority of Singapore (MAS) regarding interest rates and monetary policies influence investor confidence and capital flows, affecting currency valuations.

3. Global Market Sentiment: Events such as geopolitical tensions, trade negotiations, and global economic trends can lead to shifts in investor behavior, impacting demand for both the Euro and the Singapore Dollar.

4. Inflation Rates: Disparities in inflation between the Eurozone and Singapore can alter purchasing power parity, influencing the exchange rate over time.

Implications for Stakeholders

Understanding the dynamics of the EUR/SGD exchange rate is vital for various stakeholders:

• Investors: Currency fluctuations can affect the returns on investments denominated in these currencies. Staying informed about exchange rate trends aids in making strategic investment decisions.

• Businesses: Companies engaged in trade between Europe and Singapore must consider exchange rate movements when pricing goods and services, managing costs, and planning budgets.

• Travelers and Expatriates: Individuals traveling or living abroad need to be aware of exchange rate changes to manage expenses and financial planning effectively.

Conclusion

The EUR/SGD exchange rate has experienced notable fluctuations in recent months, influenced by a complex interplay of economic indicators, monetary policies, and global market sentiments. While technical analyses have recently indicated a bullish trend, forecasts present a range of possibilities, reflecting the inherent uncertainties in currency markets. Stakeholders should remain vigilant, continuously monitoring these factors to make informed decisions in an ever-evolving financial landscape.