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SGD to TWD 2025 Forecasts

Analysis of recent Singapore dollar → New Taiwan dollar forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Singapore dollar to New Taiwan dollar performance and trends.

 

The recent developments affecting the exchange rate between the Singapore Dollar (SGD) and the New Taiwan Dollar (TWD) reflect a complex interplay of monetary policy adjustments and economic growth forecasts in both regions. Analysts note that the Monetary Authority of Singapore (MAS) has shifted its monetary policy by easing the rate of SGD appreciation to bolster economic growth amid rising external uncertainties and a downgraded GDP growth forecast for 2025, now projected between 0%–2%. This cautious stance, driven by external trade tensions and U.S. tariffs, is expected to maintain a degree of pressure on the SGD.

Meanwhile, Taiwan's economic outlook appears more stable, underpinned by a robust tech-driven economy. The Central Bank of Taiwan has maintained the benchmark interest rate at 2% and projects consistent growth of 3.05% for 2025. Despite the strong performance, U.S. tariffs pose potential risks to Taiwan's economic projections, prompting policymakers to maintain a flexible stance.

In recent trading activity, the SGD against the TWD was noted at 23.65, which is slightly above its three-month average of 23.48, indicating relative stability with a 4.3% trading range over the past months. This stability comes amid internal and external pressures across both economies. Experts indicate that the SGD's policy shifts and the TWD's recent record rally due to trade concerns suggest a multifaceted outlook for the currency pair.

As such, businesses and individuals engaged in international transactions should closely monitor these developments, as they will undoubtedly influence the SGD/TWD exchange rate in the coming months.

SGD-TWD Rate Calculator

 
   
   
   
   
 
   
 
 

SGD to TWD Market Data

Singapore dollar (SGD) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell SGD   →   Buy TWD
1 SGD =
23.62We compare provider deals to this wholesale mid-market rate. Read more
TWD
1d0.0%
SGD to TWD is at 7-day highs near 23.67, just 0.7% above its 3-month average of 23.5, having traded in a quite stable 4.2% range from 22.91 to 23.87
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  1 TWD = 0.042337 SGD

Compare & Save - Singapore dollar to New Taiwan dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to New Taiwan dollar (TWD) rates from different sources before making a conversion.

Use our SGD to TWD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Singapore dollar to New Taiwan dollar currency rates and the possible savings of using various providers.

 
 

Will the Singapore dollar rise against the New Taiwan dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Singapore dollar vs New Taiwan dollar current value is to look the SGD/TWD historic rate and change over a range of periods.

The following table looks at the change in the SGD to TWD exchange rate over periods from the previous week back to the last 10 years.

DateSGD/TWDChangePeriod
07 Jul 2023
23.17
1.6% 2 Week
22 Apr 2023
22.95
2.6% 3 Month
21 Jul 2022
21.51
9.5% 1 Year
22 Jul 2018
22.47
4.8% 5 Year
23 Jul 2013
23.65
0.4% 10 Year
26 Jul 2003
19.80
18.9% 20 Year
SGD/TWD historic rates & change to 21-Jul-2023

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add SGD/TWD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more