The exchange rate forecast for the Singapore Dollar (SGD) against the Qatari Riyal (QAR) reflects recent monetary policy shifts and economic indicators, along with external pressures. As of November 11, 2025, the SGD trades at 2.7913 QAR, which is 0.9% below its three-month average of 2.8175, indicating a stable trading range of 2.7837 to 2.8546 over this period.
Analysts note the Monetary Authority of Singapore's decision to ease its monetary policy twice in 2025, aimed at supporting the economy in light of global trade uncertainties. The MAS recently revised its GDP growth forecast upward, signaling stronger-than-expected economic performance. This confidence may lend some support to the SGD, particularly as it has emerged as a semi-safe haven in times of regional financial stress, countering the effects of international trade tensions.
In contrast, the QAR's stability is shaped by Qatar's economic resilience, bolstered by increasing international reserves and improvements in GDP growth projected at 2% for the coming years. The QAR's peg to the US dollar means that it is influenced by changes in the value of the dollar, which has seen a notable decline of over 10% in 2025. Coupled with lower interest rates implemented by the Qatar Central Bank, these factors contribute to the QAR's outlook.
Market observers are also closely monitoring the oil market, as fluctuations in oil prices directly impact Qatar's economy. With oil priced at 62.56 USD—4.4% below its three-month average—this volatility may challenge the QAR's strength unless offset by strong economic fundamentals.
Overall, the interplay of Singapore's monetary policy and economic growth, alongside Qatar's revenue from energy exports and external economic pressures, will continue to shape the SGD/QAR exchange rate. Given the current conditions, businesses and individuals engaging in international transactions may find it beneficial to stay informed about these ongoing developments to optimize their currency exchange strategies.
