Exchange Rate Calculator

The exchange rate between the South African Rand (ZAR) and the Singapore Dollar (SGD) has experienced notable fluctuations over the past few months. Understanding these movements requires an examination of recent trends, underlying economic factors, and future projections.

Recent Exchange Rate Trends

In 2025, the ZAR/SGD exchange rate has exhibited variability:

• Highest Rate: On March 17, 2025, the exchange rate peaked at 0.07355 SGD per ZAR. (exchange-rates.org)

• Lowest Rate: The lowest point was recorded on April 10, 2025, at 0.06840 SGD per ZAR. (exchange-rates.org)

• Average Rate: Over this period, the average exchange rate was approximately 0.07201 SGD per ZAR. (exchange-rates.org)

These figures indicate a downward trend of about 1.41% in the ZAR/SGD exchange rate during the first half of 2025. (exchange-rates.org)

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Differences in GDP growth rates, inflation, and interest rates between South Africa and Singapore can impact their respective currencies. (exchange-rates.org)

2. Geopolitical Events: Political stability, trade agreements, and international relations influence investor confidence and currency valuations. (exchange-rates.org)

3. Central Bank Policies: Decisions by the South African Reserve Bank and the Monetary Authority of Singapore regarding interest rates and monetary policies affect currency strength. (exchange-rates.org)

Future Projections

Forecasts for the ZAR/SGD exchange rate suggest a gradual appreciation of the Rand against the Singapore Dollar:

• 2025: The average exchange rate is projected to be around 0.0752 SGD per ZAR, with a high of 0.0756 and a low of 0.0748. (midforex.com)

• 2026: An anticipated average rate of 0.0762 SGD per ZAR, ranging between 0.0758 and 0.0766. (midforex.com)

These projections indicate a potential strengthening of the Rand relative to the Singapore Dollar over the next two years.

Conclusion

The ZAR/SGD exchange rate has shown a slight decline in the first half of 2025, influenced by various economic and geopolitical factors. Future projections suggest a modest appreciation of the Rand against the Singapore Dollar. Investors and businesses engaged in transactions between these currencies should monitor ongoing economic developments and policy decisions in both countries to make informed decisions.