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 policymakers engaged in trade and financial activities between Singapore and China.

Recent Exchange Rate Trends

From September 2024 to March 2025, the SGD/CNY exchange rate exhibited a range of movements:

• Highest Rate: On September 27, 2024, the exchange rate peaked at 5.4783 CNY per SGD.

• Lowest Rate: The rate reached its lowest point on February 3, 2025, at 5.2943 CNY per SGD.

• Average Rate: Over this period, the average exchange rate was approximately 5.3989 CNY per SGD.

These figures indicate a general depreciation of the SGD against the CNY during this timeframe.

Monthly Breakdown

January 2025:

• Range: The exchange rate fluctuated between 5.2949 CNY (January 31) and 5.4081 CNY (earlier in the month).

• Average: Approximately 5.3574 CNY per SGD.

February 2025:

• Range: The rate varied from 5.2943 CNY (February 3) to 5.4446 CNY (February 20).

• Average: Around 5.4027 CNY per SGD.

March 2025:

• Range: The exchange rate moved between 5.4117 CNY (March 14) and 5.4478 CNY (March 5).

• Average: Approximately 5.4306 CNY per SGD.

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Differences in GDP growth rates, inflation, and employment statistics between Singapore and China can influence currency valuations.

2. Monetary Policies: Decisions by the Monetary Authority of Singapore and the People's Bank of China regarding interest rates and money supply affect investor confidence and currency demand.

3. Trade Balances: The trade dynamics between the two nations, including export and import volumes, impact currency demand and supply.

4. Global Economic Conditions: External factors such as global economic growth, commodity prices, and geopolitical events can lead to shifts in currency values.

Implications for Stakeholders

• Businesses: Companies engaged in bilateral trade should consider hedging strategies to mitigate risks associated with currency volatility.

• Investors: Those with exposure to SGD or CNY assets need to monitor exchange rate trends to make informed investment decisions.

• Policymakers: Understanding the factors driving exchange rate movements is essential for formulating effective economic policies.

Conclusion

The SGD/CNY exchange rate has shown significant variability over the past few months, influenced by a complex interplay of economic indicators, monetary policies, trade balances, and global economic conditions. Stakeholders should remain vigilant and consider appropriate strategies to navigate this dynamic currency landscape.