Understanding the historical exchange rates between the Euro (EUR) and the Singapore Dollar (SGD) is crucial for businesses and individuals alike who are involved in international transactions, investments, or travel between the Eurozone and Singapore. Accessing a detailed history of these rates allows for informed decision-making and strategic financial planning.
Historical EUR to SGD Exchange Rate Data
For over 20 years, comprehensive data on the Eur To Sgd exchange rate has been meticulously recorded, providing a rich resource for analyzing currency trends. This historical data is available across various timeframes, including daily, monthly, and yearly breakdowns, offering granular insights into the fluctuations of this important currency pair.
Below is a snapshot of recent EUR to SGD exchange rates, illustrating the monthly averages:
| Date | 1 EUR= |
|---|---|
| Average | 1.412932 |
| October 31, 2024 | 1.428145 |
| November 30, 2024 | 1.420138 |
| December 31, 2024 | 1.414996 |
| January 31, 2025 | 1.409731 |
| February 28, 2025 | 1.402162 |
| March 2, 2025 | 1.402418 |
This table provides a glimpse into the recent movements of the EUR to SGD exchange rate. Analyzing longer-term historical data can reveal patterns, seasonal variations, and the impact of global economic events on this currency pairing.
Understanding the Euro (EUR)
The Euro, symbolized as € and with the currency code EUR, is the official currency for 19 of the 27 member states within the European Union. It is managed by the European Central Bank (ECB) and stands as a significant global currency.
- Currency Name: Euro
- Currency Code: EUR
- Currency Symbol: €
- Central Bank: European Central Bank (ECB)
- Reserve Currency Status: Euro is recognized as a reserve currency globally.
- Countries of Use: Widespread across Europe, including major economies like Germany, France, Spain, and Italy.
The Euro’s strength and value are influenced by the economic performance of the Eurozone, ECB monetary policy, and global economic factors.
Understanding the Singapore Dollar (SGD)
The Singapore Dollar, denoted as SGD and with the symbol $, S$, is the official currency of Singapore. It is overseen by the Monetary Authority of Singapore (MAS).
- Currency Name: Singapore dollar
- Currency Code: SGD
- Currency Symbol: $, S$
- Central Bank: Monetary Authority of Singapore
- Countries of Use: Primarily Singapore.
The SGD is known for its stability and is influenced by Singapore’s robust economy, trade balance, and MAS policies. While not considered a reserve currency, it is a significant currency in Southeast Asia and globally.
For individuals and businesses needing to convert EUR to SGD or SGD to EUR, understanding the historical exchange rate trends and the factors influencing these currencies is essential. Accessing detailed historical data and expert analysis can aid in making informed decisions for currency exchange and international financial operations.
