Exchange Rate Calculator

The exchange rate between the British Pound (GBP) and the Singapore Dollar (SGD) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, technical indicators, and future projections for the GBP/SGD currency pair.

Recent Exchange Rate Trends

As of May 3, 2025, the GBP/SGD exchange rate stands at approximately 1.7302. Over the past 30 days, the pair has experienced a high of 1.7307 and a low of 1.6859, resulting in an average rate of 1.7071 and a change of 2.46%. Over the past 90 days, the high was 1.7307, the low was 1.6652, with an average of 1.6942 and a change of 0.82%.

Historical Performance

Examining the historical data, the GBP/SGD exchange rate reached its highest point in the past year at 1.7479 on July 17, 2024, and its lowest at 1.6607 on January 20, 2025.

Technical Analysis

Technical indicators as of March 22, 2025, suggest a bearish outlook for GBP/SGD:

• Relative Strength Index (RSI 14): 43.82 (Sell)
• Moving Average Convergence Divergence (MACD 12,26): -0.001 (Sell)
• Average Directional Index (ADX 14): 43.743 (Sell)

Moving averages also indicate a strong sell signal, with 11 sell recommendations and only 1 buy.

Forecasts and Projections

Forecasts for the GBP/SGD exchange rate vary among analysts:

• MidForex: Predicts a gradual increase, with an average rate of S$1.7332 in May 2025, reaching S$1.7386 by December 2025.

• CoinCodex: Anticipates a 6.80% increase over the next six months, reaching approximately S$1.8433, and a 7.77% rise over the next year to S$1.8600.

• WalletInvestor: Projects a decline from 1.732 to 1.689, a change of -2.465%.

Factors Influencing GBP/SGD Exchange Rate

Several factors contribute to the fluctuations in the GBP/SGD exchange rate:

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

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

• Political Events: Political stability, trade agreements, and geopolitical developments can cause volatility in currency markets.

• Global Market Sentiment: Investor risk appetite and global economic conditions affect demand for both GBP and SGD.

Conclusion

The GBP/SGD exchange rate has shown variability over the past year, influenced by a combination of economic indicators, monetary policies, and global events. While some forecasts predict a gradual appreciation of the GBP against the SGD, others anticipate a potential decline. Investors and businesses engaged in GBP/SGD transactions should monitor these factors closely and consider both technical indicators and fundamental analyses when making decisions.