SGD to TWD Forecast & Outlook
09 May 2026 • 01:08 GMT
📊 Forecast snapshot
- Near-term bias: 🔴 Mild downside
- Expected range: 24.2290 – 24.7100
- Dominant driver: 🌍 Global risk sentiment
- 3-month trend: ⚪ Range-bound
Currently, SGD/TWD is trading close to recent lows near 24.71, holding near its 3-month average, with risk-off sentiment dominating. Over the next few sessions, the pair may remain pressured, as safe-haven flows and risk aversion support a weaker Singapore Dollar in the near term.
💸 Transfer implications
- Expats: sending money to Taiwan may find less favourable exchange rates if the pair continues to decline.
- Travellers: exchanging SGD for TWD could face higher costs, especially if the pair remains near recent lows.
- Businesses: paying TWD invoices may encounter slightly increased transfer costs if the pair sustains its recent weakness.
🧭 Key drivers
- Rate gap: The rate gap favors the TWD as risk-off conditions support safe-haven currencies over Singapore’s policy outlook.
- Risk/commodities: Market concerns over US dollar strength and geopolitical tensions are dampening risk appetite.
- Global factors: The focus on risk sentiment and global risk-off conditions remain the dominant macro driver.
⚠️ What could change it
- Upside risk: Improved risk sentiment and easing geopolitical tensions could support the SGD and push the pair higher.
- Downside risk: Further escalation of risk aversion or dollar strength could deepen SGD weakness, pushing the pair below recent lows.
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