Exchange Rate Calculator

The exchange rate between the Swedish Krona (SEK) and the Singapore Dollar (SGD) has exhibited notable fluctuations over the past several months. This report provides an analysis of the SEK/SGD exchange rate trends, technical indicators, and potential future movements.

Recent Exchange Rate Trends

As of May 3, 2025, the SEK/SGD exchange rate stands at approximately 0.1318, meaning 1 SEK equals 0.1318 SGD.

Over the past 90 days, the exchange rate has experienced a high of 0.1329 and a low of 0.1218, with an average rate of 0.1250. This represents a 7.38% increase over the period.

In the last 30 days, the rate reached a high of 0.1329 and a low of 0.1251, averaging 0.1288, indicating a 5.27% increase.

Technical Analysis

Technical indicators for the SEK/SGD currency pair present mixed signals. As of February 6, 2025, the Relative Strength Index (RSI) stood at 58.099, suggesting a neutral market condition. The Moving Average Convergence Divergence (MACD) was at 0, indicating no clear momentum. Moving averages showed a strong buy signal, with the 50-day simple moving average at 0.1233 and the 200-day simple moving average at 0.1228.

Forecasts and Future Outlook

Forecasts suggest a bullish trend for the SEK/SGD exchange rate. In the next month, the rate is projected to increase by 4.69% to 0.137944. Over the next six months, a 20.77% rise to 0.159131 is anticipated. By the end of 2025, the rate could reach 0.154366, marking a 17.15% increase from the current rate.

Factors Influencing the Exchange Rate

Several factors may influence the SEK/SGD exchange rate:

• Economic Indicators: GDP growth, inflation rates, and interest rates in Sweden and Singapore can impact the exchange rate.

• Geopolitical Events: Elections, trade agreements, and political stability in both countries may affect currency values.

• Central Bank Policies: Decisions by the Riksbank (Sweden's central bank) and the Monetary Authority of Singapore regarding monetary policy and interest rates can influence the exchange rate.

Conclusion

The SEK/SGD exchange rate has shown an upward trend in recent months, with technical indicators and forecasts suggesting potential further appreciation of the Swedish Krona against the Singapore Dollar. Investors should monitor economic indicators, geopolitical events, and central bank policies in both countries, as these factors can significantly impact the exchange rate.