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AUD to SGD Forecasts

Forecasts and predictions for the AUD/SGD exchange rate change all the time, affected by news events and relative sentiment towards the Australian and Singapore economies. This continually updated article has any recent AUD to SGD bank forecasts, recent trends and historic rates for both currencies.

Australian dollar to Singapore dollar bank forecasts

In 2020 AUD/SGD forecasts are primarily influenced by the perceived relative coronavirus impact on economies and the success of government’s response to the pandemic.

 

AUD/SGD Recent 90-Day Trend

AUD/SGD at 0.9678 is 1.2% below its 90-DAY average, range 0.9522 - 1.0037 .
🔔 AUD/SGD is DOWN 2.4% this 7-DAY period and at 60-DAY LOWS.
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Alerts:7-DAY2.4% | 60-DAY LOWS |

You can read more about other AUD cross-rate forecasts here AUD Trends and Forecasts for 2020.

What is a good AUD to SGD exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the AUD to SGD exchange rate to the present day for periods going back 10 years:

 
AUD/SGD rateChangePeriod
18 Sep 2020 : 0.99172.4% ▼1 Week
26 Aug 2020 : 0.98922.2% ▼30 Days
27 Jun 2020 : 0.95631.2% ▲90 Days
26 Sep 2019 : 0.93323.7% ▲1 Year
27 Sep 2015 : 0.99993.2% ▼5 Years
28 Sep 2010 : 1.273624% ▼10 Years

AUD/SGD 10 year historic rates & change to 25-Sep-2020 : 0.9677

Singapore Dollar in the markets

At the end of March, Singapore's central bank eased its monetary policy, as widely expected, with the city-state's bellwether economy bracing for a deep recession due to the coronavirus pandemic.

The MAS said it would adopt a zero percent per annum rate of appreciation of the policy band starting at the prevailing level, currently slightly below the mid-point of the policy band.

The markets viewed this annoucement as showing the MAS has kept some fire-power in reserve and could intervene again to lower the SGD.

NAB told Bloomberg TV that it sees a recovery in Asian currencies in the 2nd half of the year if the coronavirus comes under control.

Overall, it was a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

 
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.