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Exchange Rate Calculator
Convert between currencies and track historical exchange rates
Amount
172.44 SGD
Exchange Rate
as of June 20, 2025 at 5:55 PM
1 GBP =
1.72 SGD
Market analysis of GBP to SGD currency exchange rates
Analysis as of April 2025
As of June 3, 2025, the exchange rate between the British Pound (GBP) and the Singapore Dollar (SGD) stands at approximately 1.7302. (poundsterlinglive.com) This reflects a modest appreciation of the GBP against the SGD over recent months.
Recent Exchange Rate Performance
Over the past six months, the GBP/SGD exchange rate has exhibited a gradual upward trend. The lowest point during this period was 1.6607 on January 20, 2025, while the highest was 1.7335 on March 24, 2025. (poundsterlinglive.com) This indicates a strengthening of the GBP relative to the SGD, with a notable increase of approximately 4.4% from the January low to the March high.
Technical Analysis
Technical indicators as of March 22, 2025, suggest a mixed outlook for the GBP/SGD pair. The Relative Strength Index (RSI) stood at 43.82, indicating a neutral position. The Moving Average Convergence Divergence (MACD) was slightly negative at -0.001, suggesting potential bearish momentum. However, the Average Directional Index (ADX) at 43.743 pointed to a strong trend, though the direction was not specified. (investing.com)
Moving averages provided a more bearish signal, with both simple and exponential moving averages for periods ranging from 5 to 200 days indicating a 'Sell' action. This suggests that, despite recent gains, the GBP/SGD pair may face downward pressure in the near term. (investing.com)
Forecasts and Predictions
Looking ahead, forecasts for the GBP/SGD exchange rate present varying perspectives. Some analysts predict a gradual appreciation of the GBP against the SGD, with projections indicating an average rate of 1.7361 in April 2025 and 1.7358 in May 2025. (midforex.com) These forecasts suggest a stable to slightly bullish outlook for the GBP/SGD pair in the short term.
Conversely, other analyses anticipate a potential decline, with projections indicating a decrease from 1.732 to 1.689, representing a change of approximately -2.465%. (walletinvestor.com) This bearish outlook suggests that the GBP may weaken against the SGD in the coming months.
Factors Influencing the Exchange Rate
Several factors could influence the GBP/SGD exchange rate in the near future:
Economic Indicators: Key economic data releases from both the UK and Singapore, such as GDP growth rates, employment figures, and inflation data, can impact investor sentiment and currency valuations.
Monetary Policy: Decisions by the Bank of England and the Monetary Authority of Singapore regarding interest rates and monetary policy can affect the attractiveness of their respective currencies.
Global Economic Conditions: Broader economic trends, including trade relations, geopolitical events, and global market sentiment, can influence currency movements.
Commodity Prices: As both the UK and Singapore are affected by global commodity markets, fluctuations in commodity prices can impact their economies and, consequently, their currencies.
Conclusion
The GBP/SGD exchange rate has experienced a modest upward trend over the past six months, with the GBP strengthening against the SGD. Technical indicators and forecasts present a mixed outlook, suggesting potential volatility in the near term. Investors and businesses engaged in GBP/SGD transactions should monitor economic indicators, monetary policy decisions, and global economic conditions to make informed decisions.