Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Canadian Dollar (CAD) has experienced notable fluctuations over the past few months, reflecting the dynamic interplay of economic factors influencing both currencies. Understanding these movements is crucial for businesses, investors, and individuals engaged in transactions involving SGD and CAD.

Recent Exchange Rate Trends

In 2025, the SGD/CAD exchange rate has shown a general upward trend. The highest rate recorded was 1.0802 CAD per SGD on March 7, 2025, while the lowest was 1.0488 CAD per SGD on January 15, 2025. The average exchange rate during this period was approximately 1.0614 CAD per SGD. (exchange-rates.org)

Comparing this to the previous year, 2024 saw a lower average exchange rate of 1.0254 CAD per SGD, with the highest rate at 1.0610 CAD on December 27, 2024, and the lowest at 0.9992 CAD on February 16, 2024. (exchange-rates.org) This indicates a strengthening of the SGD against the CAD in 2025.

Factors Influencing the Exchange Rate

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

• Economic Indicators: Differences in GDP growth rates, inflation, and employment statistics between Singapore and Canada can influence investor confidence and currency demand.

• Interest Rates: Decisions by the Monetary Authority of Singapore and the Bank of Canada regarding interest rates affect the attractiveness of each currency to investors seeking better returns.

• Commodity Prices: Canada's economy is significantly influenced by commodity exports, particularly oil. Fluctuations in global oil prices can impact the CAD's value.

• Trade Balances: The trade relationships and balances between Singapore and Canada, as well as with other major trading partners, play a role in currency valuation.

• Global Economic Events: Geopolitical developments, trade agreements, and global economic trends can lead to shifts in currency values as investors adjust their portfolios in response to perceived risks and opportunities.

Implications for Stakeholders

For businesses engaged in trade between Singapore and Canada, understanding these exchange rate dynamics is essential for pricing strategies, budgeting, and financial planning. Investors should consider these factors when making decisions involving assets denominated in SGD or CAD. Additionally, individuals planning travel or remittances between the two countries should be aware of potential currency fluctuations to optimize their financial transactions.

Conclusion

The SGD/CAD exchange rate has exhibited an upward trend in 2025, influenced by a complex interplay of economic indicators, interest rate decisions, commodity prices, trade balances, and global economic events. Staying informed about these factors is crucial for making informed financial decisions in the context of Singaporean and Canadian currencies.