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    AUD to SGD 2024 Forecasts

    Analysis of recent Aussie → Singapore dollar forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Australian dollar to Singapore dollar performance and trends.

     

    Forecasts for AUD to SGD

     

    The Australian dollar (AUD) has experienced a mix of factors influencing its performance against the Singapore dollar (SGD) in recent times. The AUD strengthened following Australia's federal budget announcement, viewed as potentially inflationary which could impact the Reserve Bank of Australia's interest rate decisions. Despite facing pressures from global market shifts and geopolitical tensions, the AUD managed to climb above US$0.66 before encountering resistance. FX analysts suggest that for further strength, a significant shift in global risk appetite and central bank interest rate policies would be necessary. Bank forecasts indicate a potential for the AUD to stay lower for longer due to expectations of delayed interest rate cuts by the US Federal Reserve.

    Conversely, the SGD started May on a weaker note, hitting a five-month low against the USD amid rising US treasury yields and persistent US inflation concerns. The Monetary Authority of Singapore (MAS) maintained its monetary policy stance in anticipation of core inflation before easing later in 2024, supporting the SGD. Exchange rate movements are expected to be influenced by upcoming US inflation data releases and comments from the Federal Reserve. Singapore's stable economic fundamentals may provide resistance to further SGD depreciation. The consolidation in the FX market is attributed to a lack of significant economic data releases, with US inflation levels and signals from the Fed being key factors to monitor going forward. The AUDSGD pair has traded in a stable range above its three-month average, highlighting the steady performance of these two currencies relative to each other.

     
    @bestfxrates : AUDSGD holds above 3-mo avg, resisting despite global shifts & geopolitical strains. 🇦🇺's federal budget optimism tempers, eyes on RBI rate moves & US Fed policies for direction. SGD's steadiness faces US inflation data test. FX vigil on MAS stance as markets seek cues. #AUDSGD #ForexUpdate

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    AUD to SGD Market Data

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

     
    1 AUD =
    0.9020We compare provider deals to this wholesale mid-market rate. Read more
    SGD
    +0.3%
    3M
    AUD to SGD is at 90-day highs near 0.9020, 2.1% above its 3-month average of 0.8838, having traded in a very stable 3.3% range from 0.8733 to 0.9020
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    Compare & Save - Australian dollar to Singapore dollar

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

    Use our AUD to SGD 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 Aussie to Singapore dollar currency rates and the possible savings of using various providers.

     
    DateAUD/SGDChangePeriod
    03 May 2024
    0.8907
    1.3% 2 Week
    17 Feb 2024
    0.8816
    2.3% 3 Month
    18 May 2023
    0.8934
    1% 1 Year
    19 May 2019
    0.9502
    5.1% 5 Year
    20 May 2014
    1.1573
    22.1% 10 Year
    22 May 2004
    1.2037
    25.1% 20 Year
    AUD/SGD historic rates & change to 17-May-2024
     

    Will the Australian dollar rise against the Singapore dollar?

    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.

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    Read our Currency guide to Singapore - a practical currency and money guide to travel, living and doing business in Singapore with the Singapore dollar.

     
     

    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