Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Indian Rupee (INR) has experienced notable fluctuations over the past few months, reflecting the dynamic interplay of economic factors influencing both currencies. Understanding these trends is crucial for businesses, investors, and individuals engaged in transactions between Singapore and India.

Recent Exchange Rate Trends

From December 2024 to March 2025, the SGD/INR exchange rate exhibited a general upward trajectory. On December 18, 2024, the rate was at its lowest point during this period, with 1 SGD equating to 62.478 INR. By March 10, 2025, the rate peaked at 65.547 INR per SGD, marking an approximate 4.9% increase over this timeframe. The average exchange rate during these months was around 63.965 INR per SGD.

Monthly Breakdown

• December 2024: The exchange rate began at 62.478 INR per SGD on December 18, 2024, and showed a gradual increase towards the end of the month.

• January 2025: The rate fluctuated between 62.613 INR and 64.214 INR per SGD, with an average of 63.395 INR.

• February 2025: The exchange rate continued its upward trend, reaching a high of 65.177 INR per SGD on February 26, 2025, and averaging 64.679 INR for the month.

• March 2025: The rate peaked at 65.547 INR per SGD on March 10, 2025, before experiencing slight fluctuations.

Factors Influencing the Exchange Rate

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

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

2. Geopolitical Events: Political stability, trade agreements, and international relations influence investor confidence and currency strength.

3. Central Bank Policies: Decisions by the Monetary Authority of Singapore and the Reserve Bank of India regarding monetary policy, such as interest rate adjustments, affect currency demand and supply.

Implications for Stakeholders

• Businesses: Companies engaged in trade between Singapore and India should monitor exchange rate trends to manage costs and pricing strategies effectively.

• Investors: Currency fluctuations can impact the returns on investments denominated in SGD or INR, necessitating informed decision-making.

• Individuals: For those remitting money or traveling between the two countries, understanding exchange rate movements can aid in optimizing the timing of transactions.

Conclusion

The SGD/INR exchange rate has shown a general upward trend from December 2024 to March 2025, influenced by various economic and geopolitical factors. Staying informed about these trends is essential for making strategic financial decisions in the context of Singapore-India economic interactions.