Exchange Rate Calculator

The exchange rate between the Taiwan Dollar (TWD) and the Singapore Dollar (SGD) is a critical indicator for businesses and investors engaged in trade and investment between Taiwan and Singapore. Analyzing the TWD/SGD exchange rate over the past few months provides insights into economic trends and potential future movements.

Recent Exchange Rate Trends

As of March 8, 2025, the TWD/SGD exchange rate stood at 1 TWD = 0.0405 SGD. (exchangerates.org.uk) This rate reflects a slight depreciation of the Taiwan Dollar against the Singapore Dollar over the preceding months. Notably:

• January 1, 2025: The exchange rate was at its highest for the year, with 1 TWD equaling 0.04170 SGD. (exchange-rates.org)

• March 18, 2025: The rate reached its lowest point in the first quarter, with 1 TWD equal to 0.04034 SGD. (exchange-rates.org)

This downward trend indicates a gradual weakening of the Taiwan Dollar relative to the Singapore Dollar during this period.

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Differences in GDP growth rates, inflation, and interest rates between Taiwan and Singapore can influence currency valuations. For instance, if Singapore's economy grows at a faster pace than Taiwan's, the SGD may strengthen against the TWD.

2. Trade Balances: A trade surplus in Singapore or a deficit in Taiwan can lead to increased demand for SGD, appreciating its value relative to the TWD.

3. Monetary Policies: Decisions by the central banks of both countries, such as changes in interest rates or monetary easing/tightening, directly impact currency strength.

4. Global Economic Conditions: External factors, including global market trends, geopolitical events, and investor sentiment, can cause shifts in exchange rates.

Historical Context

Looking at a broader timeframe:

• December 19, 2024: The TWD/SGD exchange rate peaked at 1 TWD = 0.041736 SGD. (exchangerates.org.uk)

• September 25, 2024: The rate was at its lowest in the preceding six months, with 1 TWD equal to 0.040274 SGD. (exchangerates.org.uk)

Over the six months leading up to March 2025, the TWD/SGD rate experienced a slight decrease of approximately 0.07%, indicating relative stability with minor depreciation of the TWD. (exchange-rates.org)

Forecast and Outlook

Predicting future exchange rates involves considerable uncertainty due to the multitude of influencing factors. However, some forecasts suggest a potential further depreciation of the TWD against the SGD. For example, projections indicate that the TWD/SGD rate could decline to around 0.0381 in the near future. (walletinvestor.com)

It's essential for businesses and investors to monitor ongoing economic developments, central bank policies, and global market conditions to make informed decisions regarding currency exposure and risk management.

Conclusion

The TWD/SGD exchange rate has exhibited a gradual depreciation of the Taiwan Dollar against the Singapore Dollar over the past few months. This trend is influenced by various economic indicators, trade balances, monetary policies, and global economic conditions. While forecasts suggest potential further depreciation, stakeholders should remain vigilant and consider a range of factors when planning for future currency movements.