Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Swiss Franc (CHF) has experienced notable fluctuations over the past few months, reflecting a complex interplay of economic factors and market sentiments. This report provides an in-depth analysis of the recent trends, underlying causes, and potential future movements of the SGD/CHF currency pair.

Recent Exchange Rate Trends

In the first half of 2025, the SGD/CHF exchange rate exhibited significant volatility. The pair reached its highest point on February 12, 2025, at 0.6751 CHF per SGD, and its lowest on April 11, 2025, at 0.6180 CHF per SGD. The average exchange rate during this period was approximately 0.6511 CHF per SGD. (exchange-rates.org)

As of June 29, 2025, the exchange rate stood at 0.6261 CHF per SGD, marking a 5.81% decrease from the beginning of the year. (wise.com)

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Differences in economic performance between Singapore and Switzerland, such as GDP growth rates, inflation levels, and employment statistics, have influenced investor confidence and currency valuations.

2. Monetary Policies: Divergent monetary policies by the Monetary Authority of Singapore (MAS) and the Swiss National Bank (SNB) have impacted the exchange rate. For instance, changes in interest rates or unconventional monetary measures can attract or deter capital flows, affecting currency strength.

3. Global Market Sentiment: As a safe-haven currency, the Swiss Franc often appreciates during periods of global economic uncertainty, leading to a depreciation of the SGD/CHF pair.

4. Trade Balances: The trade dynamics between Singapore and Switzerland, including export and import volumes, have also played a role in currency valuation.

Technical Analysis

Technical indicators as of June 6, 2025, suggested a bullish outlook for the SGD/CHF pair. The Relative Strength Index (RSI) stood at 55.031, indicating buying momentum. Additionally, moving averages signaled a 'Buy' position, with the 50-day simple moving average at 0.6375 and the 200-day simple moving average at 0.6388. (investing.com)

Forecasts and Future Outlook

Forecasts for the SGD/CHF exchange rate in the latter half of 2025 suggest a potential decline. Projections indicate that the exchange rate could range between 0.5856 and 0.6398 CHF per SGD, with an average annualized rate of 0.6182 CHF per SGD. This outlook reflects expectations of continued volatility influenced by global economic conditions and monetary policies. (coincodex.com)

Conclusion

The SGD/CHF exchange rate has been subject to considerable fluctuations in 2025, driven by a combination of economic indicators, monetary policies, and global market sentiments. While technical analysis as of early June indicated a bullish trend, forecasts for the remainder of the year suggest potential depreciation. Investors and stakeholders should remain vigilant, closely monitoring economic developments and policy decisions in both Singapore and Switzerland to make informed decisions regarding this currency pair.