Recent forecasts for the SGD to CHF exchange rate reflect a mixed outlook influenced by developments in both Singapore and Switzerland. Analysts noted that the Monetary Authority of Singapore (MAS) implemented a monetary policy adjustment in January 2025, easing the slope of its exchange rate policy band to foster economic growth in light of subdued inflation expectations. Following this, the MAS maintained its policy stance through October 2025, citing stronger-than-expected economic growth of 2.9% in the third quarter. This growth trajectory may lend support to the SGD, though external factors, particularly escalating U.S. trade tensions, have been exerting downward pressure on the currency.
On the Swiss side, significant changes have transpired, such as the U.S. agreeing to lower tariffs on Swiss goods, which is projected to relieve some economic strain for Switzerland. Nonetheless, the Swiss National Bank (SNB) has opted to maintain its interest rates at 0%, despite experiencing a dip in inflation. This decision, along with reported financial losses due to foreign currency positions, suggests that the SNB is navigating a complex landscape while attempting to uphold the franc’s value.
Currency analysts from institutions such as UBS are adjusting their forecasts for the Swiss franc amidst these global uncertainties. They highlighted the franc's appeal as a defensive currency, expecting it to retain stability against fluctuations. The current SGD to CHF rate at 0.6161 remains aligned with its three-month average, displaying a steady range of 2.0% between 0.6096 to 0.6218, which indicates a period of stability in the exchange rate.
Looking ahead, experts predict that the balance of economic performance and external pressures will shape the trajectory of both the SGD and the CHF. While the SGD may gain slight support from internal growth metrics, global economic dynamics, particularly relating to trade and tariffs, will likely play a crucial role in determining future exchange rate movements between Singapore and Switzerland.
