Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Brazilian Real (BRL) has exhibited notable fluctuations over the past few years, influenced by various economic and geopolitical factors. This report provides an analysis of the SGD/BRL exchange rate trends, key influencing factors, and future projections.

Historical Exchange Rate Trends

2023:

• Highest Rate: 4.0739 BRL per SGD on January 3, 2023.
• Lowest Rate: 3.5230 BRL per SGD on June 26, 2023.
• Average Rate: 3.7199 BRL per SGD.
• Annual Change: The SGD depreciated by approximately 8.05% against the BRL in 2023. (exchange-rates.org)

2024:

• Highest Rate: 4.9549 BRL per SGD on December 25, 2024.
• Lowest Rate: 3.6424 BRL per SGD on January 12, 2024.
• Average Rate: 4.0372 BRL per SGD.
• Annual Change: The SGD appreciated by approximately 23.07% against the BRL in 2024. (exchange-rates.org)

Recent Six Months (September 2024 - February 2025):

• Highest Rate: 4.9549 BRL per SGD on December 25, 2024.
• Lowest Rate: 4.1860 BRL per SGD on October 4, 2024.
• Average Rate: 4.3619 BRL per SGD.
• Change: The SGD appreciated by approximately 0.81% against the BRL during this period. (exchange-rates.org)

Factors Influencing the SGD/BRL Exchange Rate

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

1. Economic Indicators:

   • Singapore: The country's robust economic performance, characterized by steady GDP growth and low inflation, has bolstered the SGD.
   • Brazil: Economic challenges, including periods of high inflation and political instability, have impacted the BRL's value.

2. Commodity Prices:

   • Brazil's economy is heavily reliant on commodity exports. Fluctuations in global commodity prices, such as soybeans and iron ore, directly affect the BRL.

3. Monetary Policies:

   • Singapore: The Monetary Authority of Singapore's managed float exchange rate system allows the SGD to adjust in response to market conditions.
   • Brazil: The Central Bank of Brazil's interest rate decisions and interventions in the foreign exchange market influence the BRL.

4. Global Economic Events:

   • Events such as the global financial crisis and the COVID-19 pandemic have led to risk aversion among investors, impacting emerging market currencies like the BRL.

Future Projections

Forecasts for the SGD/BRL exchange rate suggest a gradual appreciation of the SGD against the BRL over the next few years:

• 2025:

  • Average Rate: Projected at 4.3727 BRL per SGD.
  • Range: Between 4.3508 and 4.3946 BRL per SGD.

• 2026:

  • Average Rate: Projected at 4.4287 BRL per SGD.
  • Range: Between 4.4066 and 4.4508 BRL per SGD.

• 2027:

  • Average Rate: Projected at 4.4847 BRL per SGD.
  • Range: Between 4.4623 and 4.5071 BRL per SGD. (midforex.com)

These projections are based on current economic trends and are subject to change due to unforeseen economic developments and policy changes.

Conclusion

The SGD/BRL exchange rate has experienced significant volatility over the past few years, influenced by economic performance, commodity prices, monetary policies, and global events. While projections indicate a gradual appreciation of the SGD against the BRL, it is essential for investors and businesses to monitor ongoing economic developments and policy decisions in both Singapore and Brazil to make informed decisions regarding currency exposure.