The exchange rate forecast for the Singapore Dollar (SGD) to Qatari Riyal (QAR) is influenced by several recent developments in both economies. As of December 4, 2025, the SGD is trading at 2.8102 QAR, remaining within a stable 2.5% range over the past three months, which reflects a firm economic backdrop in Singapore.
Singapore's economic performance has seen stronger-than-expected growth, with a reported 2.9% year-on-year expansion in the third quarter of 2025. Despite this positive outlook, the Monetary Authority of Singapore (MAS) took steps towards easing monetary policy earlier in January by reducing the slope of its policy band. This move aims to support economic growth amid lower inflation projections, suggesting potential downward pressure on the SGD moving forward, as analysts speculate about further easing if external trade tensions escalate.
In contrast, the QAR appears to be maintaining its stability due to significant increases in Qatar's international reserves, which rose to 260 billion riyals in July 2025. The Qatar Central Bank's recent interest rate hikes have also contributed to the resilience of the QAR. The forecasts from Qatar National Bank indicate a moderation in the value of the US dollar, which is pegged to the QAR, suggesting limited upside for the USD and a steady outlook for the QAR.
Oil prices, a critical factor for the Qatari economy, have recently been volatile, currently trading near 63.75 USD, just below the three-month average. Analysts note that oil price fluctuations directly impact the QAR's strength, with current prices indicating some level of support amid broader economic conditions.
Overall, while the SGD is influenced by inflation and external trade risks, the QAR remains supported by robust reserve levels and prudent monetary policies. The interplay between these factors suggests that any substantial movements in the SGD to QAR exchange rate may depend on macroeconomic indicators and developments in global oil prices, making it crucial for individuals and businesses to monitor these dynamics closely.
