Analysis of recent Singapore dollar → ringgit forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Singapore dollar to Malaysian ringgit performance and trends.
Forecasts for SGD to MYR
The recent forecasts for the SGD to MYR exchange rate indicate a challenging landscape influenced by escalating trade tensions and weakening emerging market currencies. Analysts have noted that both Singapore and Malaysia face significant headwinds following the announcement of tariffs by U.S. President Donald Trump. Specifically, Singapore is experiencing a 10% tariff on its imports, while Malaysia faces a more severe 24% tariff. This development has dampened investor sentiment across the region, driving regional currencies, including the Thai baht and South Korean won, to decrease by approximately 2% in the past week. Economists suggest that as fears of a protracted global trade war grow, the outlook for the Malaysian ringgit (MYR) is deteriorating, further impacting the SGD to MYR exchange relationship.
As for SGD's current standing, it recently reached a 7-day high near 3.2976, which is relatively close to its 3-month average of 3.3159. This slight increase reflects a stable trading range of just 3.3%, indicating some resistance against the broader bearish trends seen in emerging Asian currencies. Meanwhile, the MYR is likely to be further influenced by fluctuations in oil prices, as Malaysia is a notable exporter. Recent oil price data shows that crude oil is at 14-day lows around 63.90, significantly below its 3-month average of 67.32. This 5.1% decline exacerbates pressure on the MYR, as noted by market analysts.
In summary, the combination of tariffs and declining oil prices presents a challenging environment for the SGD to MYR exchange rate, leading forecasters to caution about increased volatility and pressure on the MYR as regional central banks react to the changing economic climate.
3.2967We compare provider deals to this wholesale mid-market rate. Read more
MYR
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SGD to MYR is at 7-day highs near 3.2976, just 0.6% below its 3-month average of 3.3159, having traded in a very stable 3.3% range from 3.2593 to 3.3654
Compare & Save - Singapore dollar to Malaysian ringgit
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Will the Singapore dollar rise against the Malaysian ringgit?
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Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more