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Exchange Rate Calculator
Convert between currencies and track historical exchange rates
Amount
23.00 TWD
Exchange Rate
as of June 22, 2025 at 5:13 AM
1 SGD =
23.00 TWD
Market analysis of SGD to TWD currency exchange rates
Analysis as of April 2025
The exchange rate between the Singapore Dollar (SGD) and the Taiwan Dollar (TWD) has exhibited notable fluctuations over the past several months. Understanding these movements requires an examination of historical data, economic indicators, and potential influencing factors.
Recent Exchange Rate Trends
In 2024, the SGD/TWD exchange rate experienced significant variability. The highest recorded rate was 24.825 TWD per SGD on September 25, 2024, while the lowest was 23.222 TWD per SGD on February 16, 2024. The average exchange rate for the year stood at 24.021 TWD per SGD. (exchange-rates.org)
Moving into 2025, the exchange rate continued to fluctuate. On January 1, 2025, the rate was 23.983 TWD per SGD, marking the lowest point for the year. The rate peaked at 24.558 TWD per SGD on February 21, 2025. The average exchange rate for the year up to June 3, 2025, was approximately 24.230 TWD per SGD. (exchange-rates.org)
Economic Indicators and Influencing Factors
Several economic factors have contributed to the observed fluctuations in the SGD/TWD exchange rate:
Interest Rates: Differences in interest rates between Singapore and Taiwan can influence capital flows, affecting the exchange rate.
Trade Balances: The trade balance between the two countries impacts demand for each other's currencies, thereby influencing the exchange rate.
Economic Growth: Variations in economic growth rates can affect investor confidence and currency valuations.
Inflation Rates: Disparities in inflation rates between Singapore and Taiwan can lead to adjustments in the exchange rate to maintain purchasing power parity.
Geopolitical Events: Political stability and events can impact investor sentiment and currency strength.
Implications for Stakeholders
Understanding the dynamics of the SGD/TWD exchange rate is crucial for various stakeholders:
Businesses: Companies engaged in trade between Singapore and Taiwan need to monitor exchange rate movements to manage costs and pricing strategies effectively.
Investors: Currency fluctuations can impact the returns on investments denominated in SGD or TWD.
Travelers: Individuals traveling between the two countries should consider exchange rate trends when planning expenses.
Conclusion
The SGD/TWD exchange rate has shown considerable variability over the past several months, influenced by a range of economic indicators and external factors. Stakeholders should remain vigilant and consider these dynamics in their financial planning and decision-making processes.