SGD to TWD Forecast & Outlook
18 Jul 2026 • 01:01 GMT
📊 Forecast snapshot
- Near-term bias: 🔴 Mild downside
- Expected range: 24.6610 – 25.1000
- Dominant driver: 🌍 Global risk sentiment
- 3-month trend: ⚪ Range-bound
Currently, SGD/TWD is trading near 90-day highs at 25.10, holding above its 3-month average and trading close to recent highs. The pair remains within a tight range, with risk sentiment strongly pressured by risk-off conditions. Near-term conditions suggest the pair may face downside risks if global risk appetite weakens further, but the pair could also find support around current levels if risk conditions stabilize.
💸 Transfer implications
- Expats: sending money to Taiwan might face less favourable exchange rates if the pair weakens further.
- Travellers: exchanging TWD may find current levels somewhat supportive but could see less advantageous rates if the pair declines.
- Businesses: paying TWD invoices in SGD may encounter slightly higher costs if the pair continues to trend lower.
🧭 Key drivers
- Rate gap: Singapore's policy remains neutral, with no recent rate changes, keeping the pair near the 90-day average.
- Risk/commodities: Risk-off sentiment dominates, supported by global safe-haven flows and TWD's sensitivity to risk signals.
- Global factors: Risk sentiment, especially risk-off flows, remains the dominant influence on this pair.
⚠️ What could change it
- Upside risk: Improved risk appetite or risk-on signals could push SGD/TWD higher.
- Downside risk: Renewed risk aversion or a sharp decline in global markets may cause the pair to weaken further.
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