Forecasts for SGD to PKR
The exchange rate forecast for SGD to PKR has been influenced by a combination of geopolitical tensions and trade policy shifts. Recently, U.S. President Donald Trump announced a 10% tariff on imports from Singapore, which has raised concerns about the broader implications for emerging Asian currencies. Analysts believe that this new wave of tariffs signals a deterioration in the outlook for regional currencies, as it comes alongside similar measures targeting China, eroding initial optimism around trade negotiations. The Thai baht and South Korean won have already experienced notable declines, reflecting a lack of risk appetite in the market.
Despite Singapore's relatively stronger position due to its open economy and significant trade ties with the U.S.—where it accounts for about 15% of total trade—analysts indicate that the SGD may still be affected by the negative sentiment stemming from the ongoing trade war and its ripple effects across the region.
In contrast, the situation for the Pakistani rupee (PKR) is more precarious, particularly in light of the higher 29% reciprocal tariff imposed on imports from Pakistan. The ongoing geopolitical tensions, notably escalated conflict with India, further complicate the economic landscape. While remittances from migrant workers have been robust, supporting the PKR, there are concerns that many are sending money home in anticipation of future job uncertainties due to a struggling regional labor market.
Current data shows that the SGD to PKR exchange rate is trading at 216.4, which is 2.3% above its three-month average of 211.6, reflecting a stable range within 5.9% from 206.7 to 218.8. Forecasters are closely monitoring these fluctuations, as the economic fundamentals indicate that both currencies may remain under pressure from external factors. Overall, the combination of trade tariffs and geopolitical tensions will be critical to consider for anyone engaging in international transactions between Singapore and Pakistan.
