Recent developments indicate a complex outlook for the SGD to PKR exchange rate, with both currencies facing significant influences from domestic policies and international conditions. Currently, the SGD to PKR exchange rate is trading at 60-day highs near 218.3, just above its 3-month average, displaying stability within a 2.1% range between 214.7 and 219.2.
For the Singapore Dollar, monetary policy adjustments by the Monetary Authority of Singapore (MAS) have been central to its performance. The MAS has eased its monetary policy throughout 2025, responding to lower core inflation projections and economic growth risks influenced by U.S. tariffs. This approach has moderated the SGD's appreciation but ensured stability. Analysts suggest that the Singapore economy's resilience despite global trade uncertainties may provide a supportive backdrop for the SGD moving forward.
On the other hand, the Pakistani Rupee faces considerable challenges, primarily driven by geopolitical tensions and economic instability. The PKR has depreciated around 12% against the U.S. dollar since January 2025, and forecasts indicate a potential further decline. The State Bank of Pakistan's intervention has created artificial support for the rupee, but the ongoing crackdown on currency smuggling and foreign exchange market dynamics remains critical. The International Monetary Fund's engagement to stabilize fiscal policies, alongside elevated inflation and trade deficits, continues to exert pressure on the PKR.
Experts note that while remittance inflows provide some relief, the overall economic landscape for the PKR remains precarious. The recent political stability may bolster investor confidence, yet external economic conditions and internal reforms will dictate the currency's path.
Overall, the SGD is likely to maintain strength against the PKR in the near term, supported by stable economic fundamentals in Singapore, while the PKR grapples with significant headwinds from both domestic policy challenges and geopolitical issues.
