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.
15 Mar 2023
|0.6% ▼||2 Week|
29 Dec 2022
|2.2% ▼||3 Month|
29 Mar 2022
|12.8% ▼||1 Year|
30 Mar 2018
|11.7% ▼||5 Year|
31 Mar 2013
|31.2% ▼||10 Year|
03 Apr 2003
|16.5% ▼||20 Year|
Loading comparison rates...
Earlier in the year, commodity-linked currencies such as the Aussie dollar had been moving up as Russia’s tragic actions in Ukraine pushed up demand for oil and other natural resources.
The Aussie weakness is great news for individuals or businesses sending money from Singapore to Australia. For example Australian expats living and earning in Singapore and sending money home to pay for an AU dollar mortgage will benefit. Also Singaporean students funding their Australian education will also feel the stronger purchasing power of SGD in Australia.
The Aussie dollar is a proxy in the markets for risk appetite, so the AUD tends to go up and down depending on how confident traders are about growth prospects for the world economy. In particular any increase in construction creates demand for iron ore, this is positive for AUD being Australia’s major export commodity.
Overall, it has been a positive 2022 for the Singapore dollar, with 10 percent gains against the euro and the pound, 5 percent gains vs the Australian dollar, but a 5 percent against a strong US dollar.
As Australia is a major commodities exporter any changes in commodity prices, trade policies, and political developments, can have a significant impact on the AUD's value.
The Aussie dollar is a proxy in the markets for risk appetite, so the AUD tends to go up and down depending on how confident traders are about growth prospects for the world economy. Any increase in construction and demand for iron ore (in particular in China), is a positive for AUD being Australia's major export commodity.
AUD/USD and NZD/USD are correlated and often move in the same direction due to their geographical proximity and their dependence on commodity markets.
Singapore’s currency is of special importance to the country’s central bank, the Monetary Authority of Singapore (MAS). The SGD value is managed by the MAS against a basket of currencies from the country’s major trading partners.
You can read more about Aussie and Sing dollar forecasts in articles AUD Trends and Forecasts and SGD Trends and Forecasts .
Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.