Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the South Korean Won (KRW) has experienced notable fluctuations over the past few months. Understanding these movements requires an examination of recent trends, underlying economic factors, and potential future developments.

Recent Exchange Rate Trends

In 2025, the SGD/KRW exchange rate has shown a general upward trend, indicating a strengthening of the Singapore Dollar against the South Korean Won. The highest recorded rate during this period was 1,096.78 KRW per SGD on March 19, 2025, while the lowest was 1,057.21 KRW per SGD on January 23, 2025. The average exchange rate over this period was approximately 1,074.70 KRW per SGD. (exchange-rates.org)

Comparing this to the previous year, 2024 saw a significant appreciation of the SGD against the KRW. The exchange rate increased by approximately 10.29% over the year, with the highest rate being 1,084.63 KRW per SGD on December 27, 2024, and the lowest at 980.60 KRW per SGD on January 1, 2024. (exchange-rates.org)

Economic Factors Influencing the Exchange Rate

Several economic indicators have contributed to the observed trends in the SGD/KRW exchange rate:

• Interest Rate Differentials: The monetary policies of Singapore and South Korea, particularly their interest rate decisions, play a crucial role in currency valuation. Higher interest rates in Singapore relative to South Korea can attract foreign capital, increasing demand for the SGD and thereby appreciating its value against the KRW.

• Trade Balances: Both nations are heavily reliant on exports. Singapore's strong trade surplus, driven by its robust electronics and pharmaceutical sectors, enhances the SGD's strength. Conversely, South Korea's trade balance, influenced by global demand for its automotive and technology products, affects the KRW's valuation.

• Economic Growth: Singapore's economy has demonstrated resilience and steady growth, bolstering investor confidence in the SGD. South Korea's economic performance, while strong, has faced challenges such as fluctuating global demand and geopolitical tensions, impacting the KRW.

Geopolitical and External Influences

Geopolitical events and external economic conditions also significantly impact the SGD/KRW exchange rate:

• Global Trade Dynamics: As export-driven economies, both Singapore and South Korea are sensitive to global trade tensions and agreements. Disruptions in global supply chains or changes in trade policies can affect their currencies.

• Regional Stability: Political stability in the Asia-Pacific region influences investor sentiment. Singapore's reputation as a stable financial hub attracts investment, strengthening the SGD. In contrast, tensions in the Korean Peninsula can lead to volatility in the KRW.

Future Outlook

Looking ahead, several factors could influence the SGD/KRW exchange rate:

• Monetary Policy Adjustments: Any changes in interest rates by the Monetary Authority of Singapore or the Bank of Korea will impact the exchange rate.

• Economic Recovery Post-Pandemic: The pace at which both economies recover from the global pandemic will affect their currencies. Singapore's swift vaccination rollout and economic reopening may provide an advantage.

• Technological Advancements: Investments in technology and innovation can drive economic growth. Singapore's Smart Nation initiatives and South Korea's focus on digital transformation are key areas to watch.

In conclusion, the SGD/KRW exchange rate is influenced by a complex interplay of economic indicators, monetary policies, and geopolitical events. Staying informed about these factors is essential for businesses and investors engaged in transactions between Singapore and South Korea.