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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.

    Updated: Oct 10, 2021  
     

    1 AUD = 1.0035 SGD
    Sell AUD  →  Buy SGD
    AUD to SGD at 1.0034 has risen 1.3% above its 90-day average, range 0.9715-1.0037.
    |
      1 SGD = 0.9965 AUD
     
    90-DAYHIGH

    The AUD has dropped against changing expectations around US Federal Reserve policy and a less positive outlook for global growth and Chinese demand for iron ore.

    AUD/SGD is still well below its 2021 peak of 1.045 in March. Changing expectations around US Federal Reserve policy and a less positive outlook for global growth have weighed on the Aussie to Singapore rate this year.

    However, increased gas and coal prices heading into the northern winter have helped the AUD/SGD rate to rise back above the 0.99 level.

    AUD/SGD wasChangePeriod
    0.9894
    04 Oct 2021
    1.1% 2 Weeks
    1.0027
    20 Jul 2021
    0.2% 90 Days
    0.9632
    18 Oct 2020
    3.9% 1 Year
    1.0708
    19 Oct 2016
    6.5% 5 Years
    1.3151
    21 Oct 2011
    23.9% 10 Years
    0.9281
    23 Oct 2001
    7.8% 20 Years
    AUD/SGD change over periods to 18-Oct-2021

     

    Australian dollar to Singapore dollar in 2021

    The Aussie weakness since Q2 into Q4 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.

    Overall, it was a poor to mixed 2020 for the Singapore dollar, with a 9 percent drop against the euro and 8 percent versus the Australian dollar, but small gains (2 percent) against the US dollar and steady to the pound.

    The emergence of Evergrande and other significant roadblocks such as energy shortages in Europe and China impacting the global economic recovery throughout September prompted a shift in the underlying risk narrative, causing unfavourable conditions for commodity currencies like the AUD. AUD Outlook

    We can expect a volatile outlook for SGD against major currencies in October as Singapore’s Central Bank, the MAS, is expected to release their policy statement with views on the trajectory of the SGD.

    SGD could trade against the USD between 1.35 – 1.39 SGD for the month of October.

    SGD Outlook

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    You can read more about Aussie and Sing dollar forecasts in articles AUD Trends and Forecasts and SGD Trends and Forecasts .

     

     

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    Posted under: #Forecasts #AUD #SGD

    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.