Exchange Rate Calculator

Over the past few months, the exchange rate between the Singapore Dollar (SGD) and the Indian Rupee (INR) has exhibited notable fluctuations, reflecting the dynamic interplay of economic factors influencing both currencies. This report provides an analysis of the SGD/INR 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 2024 and March 2025, the SGD/INR exchange rate experienced a general upward trajectory. On December 18, 2024, the exchange rate reached its lowest point in this period at 62.478 INR per SGD. Subsequently, the rate increased, peaking at 65.547 INR per SGD on March 10, 2025. This represents an approximate 4.9% appreciation of the Singapore Dollar against the Indian Rupee over this timeframe. (valutafx.com)

Monthly Breakdown

December 2024:
The exchange rate began at around 62.933 INR per SGD on December 16, 2024, and declined to 62.478 INR by December 18, marking the lowest point in this period. The month concluded with the rate recovering slightly to approximately 62.933 INR per SGD. (valutafx.com)

January 2025:
January saw a steady increase in the exchange rate. Starting at 62.655 INR per SGD on January 1, the rate climbed to 64.231 INR by January 29, reflecting a strengthening of the Singapore Dollar. (exchangerates.org.uk)

February 2025:
The upward trend continued in February, with the exchange rate fluctuating between 64.732 INR and 65.177 INR per SGD. Notably, on February 26, the rate reached 65.177 INR, indicating sustained appreciation. (valutafx.com)

March 2025:
March witnessed the highest exchange rate in this period. On March 10, the rate peaked at 65.547 INR per SGD. Following this peak, the rate experienced minor fluctuations, closing at 65.003 INR on March 14. (valutafx.com)

Factors Influencing the Exchange Rate

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

1. Economic Indicators:

   • Singapore: Robust economic performance, characterized by strong GDP growth and low inflation, bolstered investor confidence in the Singapore Dollar.
   • India: Economic challenges, including higher inflation rates and trade deficits, exerted downward pressure on the Indian Rupee.

2. Monetary Policies:

   • Divergent monetary policies between the Monetary Authority of Singapore and the Reserve Bank of India influenced capital flows, affecting the exchange rate dynamics.

3. Global Market Sentiment:

   • Geopolitical events and global economic uncertainties led investors to seek safe-haven currencies like the Singapore Dollar, contributing to its appreciation against the Indian Rupee.

Conclusion

The period from December 2024 to March 2025 was marked by a significant appreciation of the Singapore Dollar against the Indian Rupee, with the exchange rate rising from 62.478 INR to 65.547 INR per SGD. This trend underscores the impact of economic fundamentals, monetary policies, and global market sentiments on currency valuations. Stakeholders engaged in SGD/INR transactions should remain vigilant to these factors, as they continue to shape the exchange rate landscape.