Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Chinese Yuan Renminbi (CNY) has experienced notable fluctuations over the past few months. Understanding these movements is crucial for businesses, investors, and individuals engaged in trade or financial activities between Singapore and China.

Recent Exchange Rate Trends

In 2025, the SGD/CNY exchange rate has shown significant variability:

• Highest Rate: On May 6, 2025, the exchange rate peaked at 1 SGD = 5.6594 CNY. (exchange-rates.org)

• Lowest Rate: The lowest point was recorded on February 3, 2025, with 1 SGD equating to 5.2943 CNY. (exchange-rates.org)

• Average Rate: Over this period, the average exchange rate was approximately 1 SGD = 5.4783 CNY. (exchange-rates.org)

These figures indicate a general appreciation of the Singapore Dollar against the Chinese Yuan during this timeframe.

Monthly Exchange Rate Movements

Breaking down the exchange rate movements month by month provides a clearer picture:

• January 2025: The exchange rate started at 1 SGD = 5.3431 CNY on January 1 and fluctuated throughout the month, reaching a high of 5.4077 CNY on January 21. (exchangerates.org.uk)

• February 2025: The rate declined, hitting its lowest point of the year at 5.2943 CNY on February 3. (exchange-rates.org)

• March 2025: A gradual appreciation was observed, with the rate closing at 5.4393 CNY on March 31. (ofx.com)

• April 2025: The upward trend continued, ending the month at 5.5127 CNY. (ofx.com)

• May 2025: The exchange rate peaked at 5.6594 CNY on May 6, before stabilizing around 5.5777 CNY by May 31. (exchange-rates.org, ofx.com)

• June 2025: The rate remained relatively stable, with minor fluctuations, closing at 5.5895 CNY on June 3. (ofx.com)

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Differences in GDP growth rates, inflation, and interest rates between Singapore and China can impact currency valuations.

2. Trade Relations: Bilateral trade agreements and trade balances influence demand for each country's currency.

3. Monetary Policies: Decisions by the Monetary Authority of Singapore and the People's Bank of China regarding monetary policies and interest rates affect currency strength.

4. Global Economic Conditions: External factors such as global economic growth, commodity prices, and geopolitical events also play a role in currency fluctuations.

Historical Context

Comparing the 2025 exchange rate movements to previous years provides additional insights:

• 2024: The highest exchange rate was 1 SGD = 5.4783 CNY on September 27, 2024, with an average rate of 5.3738 CNY for the year. (exchange-rates.org)

• 2023: The exchange rate was relatively stable, with minor fluctuations around an average of 5.35 CNY.

This historical data indicates a strengthening trend of the Singapore Dollar against the Chinese Yuan in recent years.

Future Outlook

Forecasting exchange rates involves considerable uncertainty due to the multitude of influencing factors. However, some projections suggest a continued appreciation of the SGD against the CNY:

• Short-Term Forecast: The exchange rate is expected to average around 5.5607 CNY in the current week, with a range between 5.5051 and 5.6163 CNY. (midforex.com)

• Long-Term Forecast: Projections for the next five years estimate an average rate of 5.9748 CNY, with a range between 5.9150 and 6.0345 CNY. (midforex.com)

It's important to note that these forecasts are subject to change based on evolving economic conditions and should be interpreted with caution.

Implications for Stakeholders

Understanding the SGD/CNY exchange rate trends is vital for various stakeholders:

• Businesses: Companies engaged in trade between Singapore and China need to monitor exchange rate movements to manage costs and pricing strategies effectively.

• Investors: Currency fluctuations can impact the returns on investments denominated in SGD or CNY, influencing portfolio decisions.

• Travelers: Individuals traveling between the two countries should consider exchange rate trends when planning expenses.

Staying informed about currency movements and the factors influencing them enables stakeholders to make more informed financial decisions.

In conclusion, the SGD/CNY exchange rate has exhibited significant fluctuations over the past few months, influenced by a range of economic and policy factors. While historical data and forecasts provide some guidance, it's essential for stakeholders to remain vigilant and adaptable to the dynamic nature of currency markets.