The recent exchange rate forecasts for the SGD to QAR highlight several crucial factors influencing both currencies. As of November 11, 2025, the SGD is trading at approximately 2.8056 QAR, which is 0.5% below its three-month average of 2.8208 QAR. It has remained notably stable within a tight range of 2.7837 to 2.8546 QAR, underlining a period of relative calm in the foreign exchange markets.
Analysts emphasize that Singapore's monetary policy decisions significantly impact the SGD. Following an easing of policy earlier in 2025, the Monetary Authority of Singapore (MAS) aimed to support economic growth amid global trade uncertainties. Despite a previously downgraded GDP growth forecast, recent data suggesting a year-on-year expansion of 2.9% in Q3 2025 led MAS to adjust its growth outlook upwards to 1.5% to 2.5%. Consequently, the SGD appears poised to maintain its strength, especially as it is increasingly viewed as a safe-haven currency in times of regional stress.
Conversely, the Qatari Riyal benefits from positive forecasts, with the International Monetary Fund projecting a gradual improvement in Qatar's GDP growth supported by infrastructure investment and a robust tourism industry. Reports indicate that Qatar's international reserves have risen, indicating economic stability. However, the QAR remains closely tied to the US dollar, which has seen significant declines this year; a drop of over 10% in the US dollar index (DXY) may have notable implications for the QAR's value.
Market sentiment is also influenced by fluctuations in oil prices. Current oil prices are at $64.29 per barrel, 2.1% below their three-month average, with volatility swinging 15% from $60.96 to $70.13. As Qatar's economy is heavily reliant on oil revenues, any significant changes in oil prices could sway the stability and attractiveness of the QAR.
In summary, while the SGD benefits from a recent upward adjustment in growth forecasts and safe-haven status, the QAR's stability is supported by robust international reserves and anticipated economic growth. Stakeholders should closely monitor these developments and market conditions, particularly oil price movements, as they may influence future exchange rates.
