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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

    AUDSGD chart
    90-DAY HIGH
    1-DAY +0.9%

    According to FX analysts, the Australian dollar (AUD) is anticipated to gain strength heading into 2024, backed by expectations of interest rate hikes from the Reserve Bank of Australia (RBA). The RBA's relatively slower pace in raising interest rates in 2022 compared to other central banks had put downward pressure on the AUD, especially against currencies like the USD, EUR, and GBP. However, the market view suggests a reversal in this pattern, with analysts expecting the interest rate differential to narrow as Australia may continue its tightening cycle while other countries could potentially lower rates before Australia does. Commodities play a significant role in the Australian economy, and any increase in prices or demand, especially for iron ore, its major export, tends to boost the AUD. Additionally, the AUD's status as a proxy for risk appetite means its value is closely tied to global economic confidence and geopolitical developments.

    On the other side of the pair, the Singapore Dollar (SGD) exhibited stable behavior following the Monetary Authority of Singapore's (MAS) announcement of no change in its policy band during its October meeting. Despite concerns over persistent inflation and uncertain growth recovery, the MAS remained non-committal, leading to a temporary boost for the SGD in November after the U.S. Federal Reserve maintained its rates. Yet, economists point out that the momentum for a stronger SGD is still uncertain, given the ongoing issues like the geopolitical tensions and global economic outlook. The MAS's management of the SGD against a basket of currencies is critical for Singapore’s trade-dependent economy, as reflected in their cautious approach to monetary policy adjustments.

    Recently, the AUD/SGD exchange rate achieved 90-day highs near 0.8847, marking a 1.2% increase above its three-month average of 0.8741. This movement comes amidst market speculations that U.S. interest rates might have peaked, contrasting with the view that the RBA still has room to increase rates in its upcoming meetings. The pair have maintained a stable range, trading between 0.8650 and 0.8847, indicating a potentially favorable environment for the AUD in the currency market against the SGD.

    @bestfxrates : 📈 FX analysts predict a bullish AUD as RBA rate hikes loom. AUD/SGD nearing 90-day peak at 0.8847, with potential for further gains amid a stable SGD and global risk appetite shifts. Keep an eye on the RBA's next moves for currency cues. #AUDSGD #Forex #CurrencyUpdate

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    AUD to SGD Market Data

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

    1 AUD =
    0.8896We compare provider deals to this wholesale mid-market rate. Read more
    AUD to SGD is at 90-day highs near 0.8897, 1.8% above its 3-month average of 0.8742, having traded in a very stable 2.9% range from 0.8650 to 0.8897
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    90-DAY HIGH
    1-DAY +0.9%

    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.

    16 Nov 2023
    1.4% 2 Week
    01 Sep 2023
    1% 3 Month
    30 Nov 2022
    4.4% 1 Year
    01 Dec 2018
    11.9% 5 Year
    02 Dec 2013
    22.8% 10 Year
    05 Dec 2003
    30% 20 Year
    AUD/SGD historic rates & change to 30-Nov-2023

    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.

    To help with this you can add AUD/SGD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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