The current market bias for the SGD to QAR exchange rate is range-bound.
The recent interest rate cut by the Qatar Central Bank may support the QAR; meanwhile, Singapore's steady economic growth adds to the SGD's strength. Additionally, strong performance in Singapore's non-oil exports bolsters the SGD outlook.
The SGD to QAR exchange rate is expected to fluctuate within a stable range, following recent trends around its 3-month average. Current trading is close to 2.8291, just slightly above the average of 2.8126.
Upside risks for the SGD include more robust-than-expected economic indicators from Singapore, while downside risks may arise from further interest rate cuts by the QCB or significant drops in oil prices, which impact the QAR’s value. OIL is presently at 30-day highs near 63.01, suggesting potential volatility ahead.