Recent forecasts for the SGD to QAR exchange rate indicate a relatively stable trading environment amid various economic factors affecting both currencies. Currently, the SGD to QAR exchange rate is approaching 7-day lows near 2.8153, resting close to its 3-month average, reflecting a tight trading range between 2.7837 and 2.8401, resulting in stability for investors and businesses engaged in transactions between Singapore and Qatar.
For the Singapore Dollar, key developments have revolved around monetary policy adjustments by the Monetary Authority of Singapore (MAS). In January 2025, MAS eased its monetary policy, allowing for a more gradual appreciation of the SGD in response to lower-than-expected core inflation. Despite this easing, in October 2025, MAS maintained its existing policy settings due to stronger-than-expected economic growth, with the economy expanding by 2.9% year-on-year in the third quarter. Analysts suggest that these developments may help bolster the SGD in the medium term against the QAR.
On the other hand, the Qatari Riyal remains supported by growing international reserves, rising to 260 billion riyals as of July 2025. This increase enhances the stability of the QAR, which is bolstered further by interest rate adjustments made by the Qatar Central Bank aimed at stimulating the economy. Analysts anticipate that, given Qatar's robust energy sector and diversification efforts, the QAR will maintain stability against other currencies despite a moderation in the projected value of the USD.
Additionally, the recent performance of oil prices plays a crucial role in influencing QAR strength. Current oil prices are at $60.53 per barrel, representing a significant drop of 5.2% below the 3-month average. The volatility in oil prices has the potential to impact Qatar's economy, as the QAR is pegged to the USD. Should oil prices stabilize or improve, this could positively affect the Qatari economy and, in turn, support the QAR against other currencies, including the SGD.
In conclusion, while the SGD shows signs of resilience due to domestic economic growth and controlled inflation, the QAR's stability is reinforced by solid foreign reserves and interest rate strategies. Buyers and sellers in the SGD/QAR market should keep an eye on these ongoing developments, along with global oil price trends, to make informed decisions regarding their international transactions.
