Exchange Rate Calculator

The exchange rate between the South Korean Won (KRW) and the Singapore Dollar (SGD) has experienced notable fluctuations over the past few months. This report provides an analysis of the KRW/SGD exchange rate trends, key influencing factors, and potential implications for stakeholders.

Recent Exchange Rate Trends

From January 1, 2025, to June 30, 2025, the KRW/SGD exchange rate exhibited the following characteristics:

• Highest Rate: 0.0009512 SGD per KRW on June 9, 2025.
• Lowest Rate: 0.0009096 SGD per KRW on March 21, 2025.
• Average Rate: 0.0009292 SGD per KRW over this period.

This data indicates a general appreciation of the Korean Won against the Singapore Dollar, with a 1.66% increase in value over the six-month period. (exchange-rates.org)

Factors Influencing the KRW/SGD Exchange Rate

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

1. Economic Indicators: Variations in GDP growth, inflation rates, and interest rates between South Korea and Singapore can impact their respective currencies' strength. For instance, if South Korea experiences higher GDP growth compared to Singapore, the KRW may appreciate against the SGD.

2. Geopolitical Events: Political stability, trade agreements, and international relations influence investor confidence and currency valuations. Any significant geopolitical developments in either country can lead to exchange rate volatility.

3. Central Bank Policies: Decisions by the Bank of Korea and the Monetary Authority of Singapore regarding monetary policies, such as interest rate adjustments or quantitative easing measures, directly affect currency supply and demand dynamics.

Historical Context

Comparing the recent trends to previous years provides additional insights:

• 2024: The KRW/SGD exchange rate experienced a decline of approximately 9.33%, with the highest rate at 0.001020 SGD per KRW on January 1, 2024, and the lowest at 0.0009220 SGD per KRW on December 27, 2024. (exchange-rates.org)

• 2021: The exchange rate remained relatively stable, averaging around 0.00115 SGD per KRW throughout the year. (freecurrencyrates.com)

This historical perspective highlights the dynamic nature of the KRW/SGD exchange rate and underscores the importance of monitoring economic and geopolitical developments.

Implications for Stakeholders

Understanding the KRW/SGD exchange rate trends is crucial for various stakeholders:

• Businesses: Companies engaged in trade between South Korea and Singapore must consider exchange rate movements when pricing goods and services, managing costs, and making investment decisions.

• Investors: Currency fluctuations can impact the returns on investments denominated in KRW or SGD. Investors should assess exchange rate risks and consider hedging strategies to mitigate potential losses.

• Travelers: Individuals traveling between the two countries should be aware of exchange rate trends to optimize currency exchanges and manage travel budgets effectively.

Conclusion

The KRW/SGD exchange rate has shown a modest appreciation of the Korean Won against the Singapore Dollar in the first half of 2025. This trend contrasts with the depreciation observed in 2024 and the stability in 2021. Various factors, including economic indicators, geopolitical events, and central bank policies, continue to influence this exchange rate. Stakeholders should remain vigilant and consider these dynamics in their financial planning and decision-making processes.