Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Euro (EUR) has experienced notable fluctuations over the past few months, reflecting the dynamic interplay of economic factors influencing both currencies. This report provides an analysis of the SGD/EUR exchange rate trends from December 2024 through March 2025, highlighting key movements and underlying factors.

Exchange Rate Trends: December 2024 to March 2025

Between December 16, 2024, and March 14, 2025, the SGD/EUR exchange rate exhibited a range of movements:

• Highest Rate: 0.7159 EUR per SGD on February 10, 2025.
• Lowest Rate: 0.6846 EUR per SGD on March 14, 2025.
• Average Rate: 0.7077 EUR per SGD over this period.

These figures indicate a depreciation of the Singapore Dollar against the Euro by approximately 2.86% during this timeframe.

Monthly Breakdown

December 2024:

The exchange rate began at 0.7056 EUR per SGD on December 16, 2024, and remained relatively stable throughout the month, closing at 0.7060 EUR per SGD on December 31, 2024.

January 2025:

January saw slight fluctuations, with the rate reaching a low of 0.7061 EUR per SGD on January 6 and peaking at 0.7125 EUR per SGD on January 4. The average rate for the month was 0.7095 EUR per SGD.

February 2025:

The exchange rate peaked at 0.7159 EUR per SGD on February 10, marking the highest point in the observed period. The average rate for February was 0.7131 EUR per SGD.

March 2025:

March experienced a downward trend, with the rate declining to 0.6846 EUR per SGD on March 14, the lowest point in the period. The average rate for March was 0.6940 EUR per SGD.

Factors Influencing the Exchange Rate

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

1. Economic Indicators:

• Singapore: Economic performance, including GDP growth and trade balances, influences the strength of the SGD.
• Eurozone: Similarly, economic health indicators such as GDP growth, inflation rates, and employment figures affect the EUR.

1. Monetary Policies:

• Monetary Authority of Singapore (MAS): MAS's exchange rate-based monetary policy, which focuses on managing the SGD against a basket of currencies, impacts its value.
• European Central Bank (ECB): The ECB's interest rate decisions and quantitative easing measures influence the EUR's strength.

1. Global Economic Events:

• Trade tensions, geopolitical developments, and global economic uncertainties can lead to shifts in investor sentiment, affecting currency demand and exchange rates.

Conclusion

The SGD/EUR exchange rate from December 2024 to March 2025 has shown significant variability, with the Singapore Dollar depreciating against the Euro by approximately 2.86% over this period. This trend reflects the complex interplay of economic indicators, monetary policies, and global events influencing both currencies. Stakeholders should remain attentive to these factors when making decisions related to SGD and EUR transactions.