Exchange Rate Calculator

The exchange rate between the New Taiwan Dollar (TWD) and the Singapore Dollar (SGD) has experienced modest fluctuations over the past few months. As of May 3, 2025, the TWD/SGD exchange rate stands at approximately 0.04041, indicating that 1 TWD is equivalent to 0.04041 SGD.

Recent Exchange Rate Trends

In the first quarter of 2025, the TWD/SGD exchange rate exhibited a slight downward trend. On January 1, 2025, the rate was 0.04170, marking the highest point for the year. By March 18, 2025, it had declined to 0.04034, the lowest point in the same period. This represents a depreciation of approximately 3.26% over the quarter.

Monthly Performance Analysis

• January 2025: The exchange rate began at 0.04170 and fluctuated throughout the month, closing at 0.04120 on January 31. The average rate for the month was 0.04142.

• February 2025: The rate continued its downward trajectory, with the lowest point at 0.04072 on February 21. The average rate for February was 0.04102.

• March 2025: The exchange rate reached its lowest point of the quarter at 0.04034 on March 18. The average rate for March was 0.04055.

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Taiwan's GDP growth rate, inflation levels, and interest rates have a direct impact on the TWD's strength. Similarly, Singapore's economic performance influences the SGD. Disparities in these indicators between the two countries can lead to exchange rate adjustments.

2. Trade Relations: Both Taiwan and Singapore are export-driven economies. Changes in trade balances, export volumes, and import demands can affect currency valuations.

3. Monetary Policies: Decisions by the central banks of Taiwan and Singapore regarding interest rates and money supply can influence investor confidence and currency demand.

4. Global Economic Climate: External factors such as global economic downturns, geopolitical tensions, and shifts in investor sentiment can lead to capital flows that impact exchange rates.

Comparative Historical Context

Looking back over the past six months, the TWD/SGD exchange rate has shown relative stability with minor fluctuations. The highest rate during this period was 0.04173 on December 31, 2024, and the lowest was 0.04028 on September 25, 2024. The average rate over these six months was 0.04111, indicating a slight depreciation of the TWD against the SGD.

Implications for Stakeholders

• Importers and Exporters: Businesses engaged in trade between Taiwan and Singapore should monitor these exchange rate trends to manage pricing strategies and hedge against potential currency risks.

• Investors: Those with investments in either country may need to consider currency fluctuations when assessing returns and making portfolio adjustments.

• Travelers: Individuals planning to travel between Taiwan and Singapore should be aware of exchange rate trends to optimize currency exchanges and budgeting.

Conclusion

The TWD/SGD exchange rate has experienced modest fluctuations over the past few months, influenced by a combination of economic indicators, trade relations, monetary policies, and global economic conditions. Stakeholders should remain vigilant and consider these factors when making financial decisions involving these currencies.