Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Taiwan Dollar (TWD) has experienced notable fluctuations over the first half of 2025. Understanding these movements is essential for businesses and individuals engaged in trade, investment, or travel between Singapore and Taiwan.

Overview of SGD/TWD Exchange Rate in 2025

From January to June 2025, the SGD/TWD exchange rate exhibited significant volatility. The highest recorded rate was 1 SGD to 24.877 TWD on April 21, 2025, while the lowest was 1 SGD to 22.615 TWD on May 5, 2025. The average exchange rate during this period was approximately 24.042 TWD per SGD. (exchange-rates.org)

Monthly Breakdown

January 2025:
The exchange rate began the year at 1 SGD to 23.9809 TWD on January 1, 2025. Throughout the month, it experienced slight fluctuations, reaching a high of 1 SGD to 24.4049 TWD on January 27, 2025. The average rate for January was 24.1385 TWD per SGD. (exchangerates.org.uk)

February 2025:
February saw a gradual increase in the exchange rate, with the highest rate of 1 SGD to 24.5679 TWD occurring on February 25, 2025. The average rate for the month was 24.3677 TWD per SGD. (exchangerates.org.uk)

March 2025:
The upward trend continued into March, peaking at 1 SGD to 24.8319 TWD on March 19, 2025. The average exchange rate for March was 24.6788 TWD per SGD. (exchangerates.org.uk)

April 2025:
April marked the highest exchange rate of the year, with 1 SGD reaching 24.8787 TWD on April 21, 2025. The average rate for April was 24.6778 TWD per SGD. (exchangerates.org.uk)

May 2025:
A sharp decline occurred in May, with the exchange rate dropping to its lowest point of 1 SGD to 22.619 TWD on May 5, 2025. The average rate for May was 23.3351 TWD per SGD. (exchangerates.org.uk)

June 2025:
June saw a slight recovery, with the exchange rate stabilizing around 1 SGD to 23.1939 TWD on June 1, 2025. The average rate for June was 23.2937 TWD per SGD. (exchangerates.org.uk)

Factors Influencing the Exchange Rate

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

1. Economic Performance:

   • Singapore: Singapore's economy showed robust growth in the first quarter of 2025, driven by strong exports and a rebound in the services sector.
   • Taiwan: Taiwan's economy also experienced growth, particularly in the technology and manufacturing sectors, bolstering the TWD.

2. Monetary Policies:

   • The Monetary Authority of Singapore (MAS) maintained a neutral stance on the SGD, focusing on managing inflation and supporting economic growth.
   • The Central Bank of the Republic of China (Taiwan) implemented measures to stabilize the TWD amid global economic uncertainties.

3. Global Economic Conditions:

   • Fluctuations in global trade, particularly in the semiconductor industry, impacted both economies, influencing the exchange rate dynamics.

Implications for Stakeholders

• Businesses: Companies engaged in trade between Singapore and Taiwan should monitor exchange rate trends to manage currency risk effectively.
• Investors: Investors should consider the exchange rate movements when evaluating cross-border investment opportunities.
• Travelers: Individuals planning travel between the two countries should be aware of the exchange rate to budget accordingly.

Conclusion

The SGD/TWD exchange rate in the first half of 2025 has been characterized by significant volatility, influenced by economic performance, monetary policies, and global economic conditions. Stakeholders should remain vigilant and consider these factors when making financial decisions involving these currencies.