Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Hong Kong Dollar (HKD) has experienced notable fluctuations over the past few months. Understanding these movements requires an examination of historical data, underlying economic factors, and potential future trends.

Recent Exchange Rate Trends

In early 2025, the SGD/HKD exchange rate exhibited a range of values:

• January 3, 2025: The rate reached its lowest point at 5.6749 HKD per SGD. (exchange-rates.org)

• February 20, 2025: The rate peaked at 5.8351 HKD per SGD. (valutafx.com)

• March 17, 2025: Another peak was observed at 5.8420 HKD per SGD. (exchange-rates.org)

These fluctuations indicate a general strengthening of the SGD against the HKD during this period.

Factors Influencing the Exchange Rate

Several factors have contributed to the observed movements in the SGD/HKD exchange rate:

1. Monetary Policies: The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) implement policies that directly impact their respective currencies. For instance, adjustments in interest rates or interventions in the foreign exchange market can influence currency strength.

2. Economic Performance: Singapore's robust economic growth, driven by strong exports and a resilient financial sector, has bolstered the SGD. Conversely, Hong Kong's economy has faced challenges, including political uncertainties and external trade pressures, which have affected the HKD.

3. Global Market Sentiment: Investor confidence and risk appetite play significant roles in currency valuation. Periods of global economic uncertainty often lead investors to seek safe-haven currencies, impacting the SGD and HKD differently.

Future Outlook

Looking ahead, forecasts suggest a continued appreciation of the SGD against the HKD:

• April 2025: An average rate of 5.8536 HKD per SGD is projected.

• December 2025: The rate is expected to reach 5.8688 HKD per SGD.

• March 2026: A further increase to 5.8834 HKD per SGD is anticipated. (midforex.com)

These projections are based on current economic trends and assume no significant disruptions in the global or regional economic landscape.

Conclusion

The SGD/HKD exchange rate has shown a strengthening of the Singapore Dollar against the Hong Kong Dollar in early 2025. This trend is influenced by differing economic performances, monetary policies, and global market sentiments. While forecasts indicate a continued appreciation of the SGD, it is essential for investors and businesses to monitor ongoing economic developments and policy changes that may impact this currency pair.