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, examining the factors influencing these movements and offering insights into potential future developments.

Recent Exchange Rate Trends

In 2025, the KRW/SGD exchange rate has exhibited a downward trend. The highest rate recorded was 0.0009459 SGD per KRW on January 23, 2025, while the lowest was 0.0009146 SGD per KRW on March 10, 2025. The average exchange rate during this period was approximately 0.0009309 SGD per KRW. Overall, the KRW has depreciated by about 0.80% against the SGD in 2025. (exchange-rates.org)

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Differences in economic performance between South Korea and Singapore can impact their respective currencies. For instance, variations in GDP growth rates, inflation levels, and employment figures can influence investor confidence and currency demand.

2. Monetary Policies: Decisions by the Bank of Korea and the Monetary Authority of Singapore regarding interest rates and other monetary policies can affect the attractiveness of their currencies. Higher interest rates typically attract foreign investment, increasing demand for the currency.

3. Trade Balances: The trade relationship between South Korea and Singapore, including trade surpluses or deficits, can influence currency values. A favorable trade balance for Singapore could strengthen the SGD relative to the KRW.

4. Global Economic Conditions: External factors such as global economic growth, commodity prices, and geopolitical events can also impact exchange rates. For example, a global economic slowdown may lead investors to seek safe-haven currencies, affecting the KRW/SGD rate.

Historical Context

Looking back, the KRW/SGD exchange rate has experienced more significant fluctuations. In 2024, the highest rate was 0.001020 SGD per KRW on January 1, 2024, and the lowest was 0.0009220 SGD per KRW on December 27, 2024. The average exchange rate for 2024 was approximately 0.0009809 SGD per KRW, indicating a depreciation of the KRW by about 9.33% against the SGD over the year. (exchange-rates.org)

Implications for Stakeholders

The depreciation of the KRW against the SGD has several implications:

• Importers and Exporters: South Korean exporters to Singapore may find their goods more competitively priced due to the weaker KRW, potentially boosting export volumes. Conversely, Singaporean exporters to South Korea may face higher costs, potentially reducing demand for their products.

• Investors: Currency fluctuations can impact the returns on investments denominated in foreign currencies. Investors should consider exchange rate trends when making investment decisions involving KRW or SGD assets.

• Travelers: For individuals traveling between South Korea and Singapore, exchange rate movements can affect travel costs. A weaker KRW means higher expenses for South Korean travelers in Singapore, while Singaporean travelers may find South Korea more affordable.

Future Outlook

Predicting future exchange rate movements is inherently challenging due to the multitude of influencing factors. However, stakeholders should monitor the following:

• Economic Performance: Continued monitoring of economic indicators in both countries can provide insights into potential currency movements.

• Monetary Policy Decisions: Announcements from the Bank of Korea and the Monetary Authority of Singapore regarding interest rates and other policies can signal future exchange rate trends.

• Global Events: Developments such as changes in global trade policies, geopolitical tensions, or economic crises can have immediate impacts on exchange rates.

Staying informed about these factors can help businesses, investors, and travelers make more informed decisions in the context of the KRW/SGD exchange rate.