The SGD to THB exchange rate has recently been influenced by several key developments in both Singapore and Thailand. Currently, the exchange rate is at 25.22 THB for 1 SGD, marking a near low within the last seven days and just below the three-month average. The rate has exhibited stability within a 2.3% range of 25.00 to 25.58, indicating a generally cautious market sentiment.
In Singapore, the Monetary Authority of Singapore (MAS) made significant adjustments to its monetary policy earlier in the year, easing rates for the second time in April due to pressures from reduced demand and tighter global financial conditions. This was followed by a decision in July to maintain the current settings after unexpected economic growth in Q2 2025. Economists remain divided regarding future monetary policy, particularly in light of U.S. tariff implications on Singaporean exports.
In Thailand, the economy surprised with a 2.8% growth in Q2 2025, which exceeded expectations. However, challenges loom with anticipated slower growth in the latter half of the year, largely attributed to U.S. tariffs and a decline in tourism. The political instability in Thailand, marked by recent governmental turmoil, further complicates the outlook for the Thai Baht, potentially undermining investor confidence.
Market experts suggest that the performance of both currencies could be influenced by broader economic factors, including global trade dynamics and domestic policies. Coupled with significant changes in the commodity markets, notably crude oil fluctuations, where prices are currently slightly below their three-month average at approximately 67.73 USD, any movements in oil prices could also impact the Thai Baht, given Thailand's position as a net oil importer.
Overall, the exchange rate forecasts for SGD to THB suggest a cautious approach from analysts, highlighting the interplay of local economic indicators, global trade tariffs, and political stability as pivotal factors to monitor in the coming months.
