Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Canadian Dollar (CAD) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, technical indicators, and potential factors influencing the SGD/CAD currency pair.

Recent Exchange Rate Trends

Between December 13, 2024, and March 13, 2025, the SGD/CAD exchange rate experienced a range of movements:

• Highest Rate: 1.0841 CAD per SGD on March 11, 2025.
• Lowest Rate: 1.0488 CAD per SGD on January 15, 2025.
• Average Rate: 1.0618 CAD per SGD over this period.

This data indicates a general upward trend, with the exchange rate increasing by approximately 2.34% over the three-month span.

Technical Analysis

As of March 21, 2025, technical indicators for the SGD/CAD currency pair suggest a bearish outlook:

• Relative Strength Index (RSI): 47.966 (Neutral)
• Stochastic Oscillator (STOCH): 21.526 (Sell)
• Moving Average Convergence Divergence (MACD): 0 (Sell)
• Average Directional Index (ADX): 22.363 (Buy)
• Williams %R: -72.573 (Sell)
• Commodity Channel Index (CCI): -51.8283 (Sell)

The summary of these indicators points to a "Strong Sell" recommendation, with 2 Buy signals, 2 Neutral signals, and 6 Sell signals.

Moving Averages

The moving averages further reinforce the bearish sentiment:

• Simple Moving Averages (SMA):

  • 5-day: 1.0737 (Sell)
  • 10-day: 1.0743 (Sell)
  • 20-day: 1.0736 (Buy)
  • 50-day: 1.0746 (Sell)
  • 100-day: 1.0744 (Sell)
  • 200-day: 1.0771 (Sell)

• Exponential Moving Averages (EMA):

  • 5-day: 1.0739 (Sell)
  • 10-day: 1.0738 (Sell)
  • 20-day: 1.0739 (Sell)
  • 50-day: 1.0741 (Sell)
  • 100-day: 1.0750 (Sell)
  • 200-day: 1.0757 (Sell)

The overall summary from moving averages indicates a "Strong Sell" recommendation, with 1 Buy signal and 11 Sell signals.

Historical Data Overview

Analyzing the historical data from February 13, 2025, to March 13, 2025, the SGD/CAD exchange rate showed the following:

• Highest Rate: 1.0911 CAD per SGD on March 11, 2025.
• Lowest Rate: 1.0543 CAD per SGD on February 13, 2025.
• Average Rate: 1.0696 CAD per SGD over this period.

This data reflects a 2.1870% change, with a difference of 0.0368 between the highest and lowest rates.

Factors Influencing the SGD/CAD Exchange Rate

Several factors can influence the exchange rate between the Singapore Dollar and the Canadian Dollar:

• Economic Indicators: GDP growth, inflation rates, and interest rates in both countries can impact the exchange rate.
• Geopolitical Events: Elections, trade agreements, and political stability can influence currency values.
• Central Bank Policies: Decisions regarding interest rates and monetary policies by the Monetary Authority of Singapore and the Bank of Canada can affect the exchange rate.

Understanding these factors is crucial for predicting future movements in the SGD/CAD exchange rate.

Conclusion

The SGD/CAD exchange rate has shown an upward trend over the past few months, with a notable increase of approximately 2.34% between December 2024 and March 2025. However, technical indicators and moving averages as of March 21, 2025, suggest a bearish outlook, indicating potential downward pressure on the exchange rate. Investors and traders should closely monitor economic indicators, geopolitical events, and central bank policies in both Singapore and Canada to make informed decisions regarding this currency pair.