The exchange rate forecasts for the Singapore Dollar (SGD) against the Swiss Franc (CHF) suggest a balanced outlook influenced by recent economic data and international trade dynamics. Analysts note that the SGD has shown resilience, supported by Singapore's surprising GDP growth of 2.9% in Q3 2025, surpassing expectations. The Monetary Authority of Singapore's decision to maintain current monetary policy reflects confidence in managing inflationary pressures, with core inflation forecasts revised downward. These factors contribute to a stable outlook for the SGD against the CHF.
On the other hand, the CHF is facing challenges due to external pressures, primarily stemming from U.S. tariffs that have heavily affected Swiss exports. The Swiss National Bank (SNB) has increased foreign currency purchases in response to the CHF's appreciation, which has put additional strain on the Swiss economy. Deflationary pressures have also been noted, alongside a stable interest rate outlook, with the SNB expected to maintain rates at 0.00% through 2026.
Recent SGD/CHF price data shows the exchange rate at 0.6190, which is in line with its 3-month average and has traded within a stable range of 0.6117 to 0.6312. Analysts suggest that the stability in the exchange rate reflects the interplay of Singapore's economic strength and Switzerland's export challenges. The ongoing impact of U.S. tariffs could further tip the scales, potentially leading to adjustments in the exchange rate as both countries navigate these economic currents.
Forecasters will remain vigilant to any shifts in trade policies or further monetary actions from both the MAS and SNB, as these will be critical in guiding future changes in the SGD/CHF exchange rate. For businesses and individuals involved in international transactions, these insights emphasize the importance of closely monitoring global economic signals that may influence currency valuations.
