Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Swedish Krona (SEK) has experienced notable fluctuations over the past several months. This report provides an analysis of the recent trends, underlying factors influencing these movements, and forecasts for the near future.

Recent Exchange Rate Trends

As of May 3, 2025, the SGD/SEK exchange rate stands at approximately 7.581 SEK per 1 SGD. Over the past year, the exchange rate has exhibited moderate volatility, with a fluctuation of approximately 9.18%.

Key Data Points:

• 52-Week High: 8.236 SEK per SGD
• 52-Week Low: 7.5235 SEK per SGD
• Average Rate Over the Past Year: 7.9962 SEK per SGD

In the first quarter of 2025, the exchange rate reached its peak on January 13 at 8.2082 SEK per SGD. Subsequently, a downward trend was observed, with the rate declining to its lowest point on March 11 at 7.5219 SEK per SGD.

Factors Influencing the Exchange Rate

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

1. Economic Performance:

   • Singapore: The Singaporean economy has demonstrated resilience, with steady GDP growth and a robust export sector.
   • Sweden: Sweden's economy has faced challenges, including slower growth and inflationary pressures, which have influenced the strength of the SEK.

2. Monetary Policies:

   • The Monetary Authority of Singapore (MAS) has maintained a neutral stance, focusing on currency stability.
   • The Riksbank, Sweden's central bank, has implemented accommodative policies to stimulate growth, impacting the SEK's valuation.

3. Global Market Sentiment:

   • Investor risk appetite and global economic uncertainties have led to shifts in demand for both currencies, affecting their exchange rate dynamics.

Forecasts and Projections

Looking ahead, various forecasts provide insights into the potential trajectory of the SGD/SEK exchange rate:

• Short-Term Forecasts:

  • For the current week, the exchange rate is projected to average around 7.4024 SEK per SGD, with fluctuations between 7.3284 and 7.4764.
  • Over the next month, a slight decrease is anticipated, with the rate averaging 7.4201 SEK per SGD.

• Long-Term Forecasts:

  • By the end of 2025, the exchange rate is expected to average approximately 7.4505 SEK per SGD.
  • Looking further ahead, a gradual appreciation of the SGD against the SEK is projected, with an average rate of 7.9536 SEK per SGD over the next five years.

Conclusion

The SGD/SEK exchange rate has experienced moderate volatility over the past year, influenced by economic performance, monetary policies, and global market sentiment. While short-term forecasts suggest slight fluctuations, long-term projections indicate a potential appreciation of the SGD against the SEK. Stakeholders should monitor these trends closely and consider the underlying factors when making financial decisions involving these currencies.