Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Taiwan Dollar (TWD) has experienced notable fluctuations over the past several months. This report provides an analysis of the SGD/TWD exchange rate trends, highlighting key movements and potential influencing factors.

Recent Exchange Rate Trends

January 2025:
- Lowest Rate: On January 1, 2025, the exchange rate was at its lowest for the month, with 1 SGD equal to 23.983 TWD.
- Highest Rate: The rate peaked on January 29, 2025, at 24.359 TWD per SGD.
- Average Rate: Throughout January, the average exchange rate was approximately 24.142 TWD per SGD.

February 2025:
- Lowest Rate: The exchange rate dipped to 24.246 TWD per SGD on February 10, 2025.
- Highest Rate: The highest rate for the month was recorded on February 21, 2025, at 24.558 TWD per SGD.
- Average Rate: The average exchange rate in February was around 24.358 TWD per SGD.

March 2025:
- Lowest Rate: On March 3, 2025, the exchange rate was at its lowest for the month, with 1 SGD equal to 24.414 TWD.
- Highest Rate: The rate peaked on March 19, 2025, at 24.802 TWD per SGD.
- Average Rate: Throughout March, the average exchange rate was approximately 24.621 TWD per SGD.

April 2025:
- Lowest Rate: The exchange rate dipped to 24.6966 TWD per SGD on April 24, 2025.
- Highest Rate: The highest rate for the month was recorded on April 23, 2025, at 24.8119 TWD per SGD.
- Average Rate: The average exchange rate in April was around 24.6212 TWD per SGD.

Comparative Analysis with Previous Periods

Comparing the recent data with the previous six months, the SGD/TWD exchange rate has shown a general upward trend. The highest rate in the past six months was 24.825 TWD per SGD on September 25, 2024, while the lowest was 23.963 TWD per SGD on December 31, 2024. The average rate over this period was approximately 24.328 TWD per SGD.

Factors Influencing the Exchange Rate

Several factors may have contributed to the fluctuations in the SGD/TWD exchange rate:

1. Economic Indicators: Differences in GDP growth rates, inflation, and employment statistics between Singapore and Taiwan can impact their respective currencies' strength.

2. Monetary Policies: Decisions by the Monetary Authority of Singapore and the Central Bank of the Republic of China (Taiwan) regarding interest rates and money supply influence currency values.

3. Trade Balances: The trade relationship between Singapore and Taiwan, including export and import volumes, affects demand for each country's currency.

4. Global Economic Conditions: External factors such as global economic growth, commodity prices, and geopolitical events can lead to currency fluctuations.

Conclusion

The SGD/TWD exchange rate has exhibited variability over the past several months, with a general upward trend observed. Understanding the underlying economic indicators and policies in both Singapore and Taiwan is essential for anticipating future movements in the exchange rate. Stakeholders should monitor these factors closely to make informed financial decisions.