Exchange Rate Calculator

The exchange rate between the Hong Kong Dollar (HKD) and the Singapore Dollar (SGD) has experienced notable fluctuations over the past several months. This report provides an analysis of the HKD/SGD exchange rate trends, highlighting key movements and potential influencing factors.

Recent Exchange Rate Trends

Between September 2024 and March 2025, the HKD/SGD exchange rate exhibited significant variability:

• Highest Rate: On January 3, 2025, the exchange rate peaked at 1 HKD = 0.1762 SGD.

• Lowest Rate: The lowest point was recorded on September 27, 2024, with 1 HKD equating to 0.1647 SGD.

• Average Rate: Over this period, the average exchange rate was approximately 1 HKD = 0.1720 SGD.

These figures indicate a general strengthening of the HKD against the SGD from late 2024 into early 2025, followed by a period of relative stability.

Monthly Breakdown

September 2024: The exchange rate began at 1 HKD = 0.1725 SGD on September 1, 2024, and experienced a decline, reaching 0.1647 SGD by September 27, 2024.

December 2024: The HKD appreciated against the SGD, culminating in a rate of 1 HKD = 0.1760 SGD on December 31, 2024.

January 2025: The exchange rate remained strong, with the highest rate of 1 HKD = 0.1762 SGD recorded on January 3, 2025.

February 2025: A slight depreciation occurred, with the rate reaching a low of 1 HKD = 0.1714 SGD on February 20, 2025.

March 2025: The exchange rate stabilized, averaging around 1 HKD = 0.1715 SGD by mid-March.

Factors Influencing Exchange Rate Movements

Several factors may have contributed to the observed fluctuations in the HKD/SGD exchange rate:

• Economic Indicators: Differences in economic performance, such as GDP growth rates, inflation, and employment figures between Hong Kong and Singapore, can influence currency valuations.

• Monetary Policies: Decisions by the Hong Kong Monetary Authority and the Monetary Authority of Singapore regarding interest rates and other monetary policies can impact the exchange rate.

• Global Economic Events: External factors, including trade tensions, global financial market trends, and geopolitical developments, can affect investor confidence and currency demand.

Conclusion

The HKD/SGD exchange rate has demonstrated both volatility and periods of stability over the past several months. Understanding the underlying economic indicators and policy decisions in both Hong Kong and Singapore is essential for interpreting these movements. Stakeholders should remain attentive to both regional and global economic developments that may influence future exchange rate trends.