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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: Mar 20, 2023  BER Research BER Research
         
         

        1 AUD = 0.8877 SGD
        Sell AUD  →  Buy SGD
        AUD to SGD at 0.8876 is 2.6% below its 3-month average of 0.9113, having fluctuated within a 6.1% range of 0.8849-0.9389
        |
          1 SGD = 1.1265 AUD
         
        AUDSGD :
        90-DAY▼LOW2d

        Aussie/Sing dollar Outlook

        Over the past three months, AUD to SGD has experienced fluctuations within a relatively narrow range, primarily influenced by key global economic events and regional developments. Recently, the AUDSGD exchange rate stood at 0.8874, which is 2.6% below its 3-month average of 0.9115. During this period, the rate has fluctuated within a 6.1% range of 0.8849-0.9389. FX analysts anticipate that the AUD to SGD outlook could be affected by various factors including the US dollar's strength against major currencies, global GDP growth showing only sluggish or flat growth amid an inflation climate, and China's improved economic outlook following relaxed COVID restrictions. Furthermore, key regional developments such as the acquisition of Credit Suisse by UBS could potentially impact investor risk sentiment and the forex markets. Economists suggest that it's essential to keep an eye on these influences, as well as any new developments in domestic and global conditions that may impact the Monetary Authority of Singapore's policy decisions. As such, investors should remain vigilant and monitor the AUD to SGD exchange rate closely in order to make informed decisions when considering international transactions or investments.

        DateAUD/SGDChangePeriod
        15 Mar 2023
        0.8943
        		0.6% ▼2 Week
        29 Dec 2022
        0.9091
        		2.2% ▼3 Month
        29 Mar 2022
        1.0190
        		12.8% ▼1 Year
        30 Mar 2018
        1.0060
        		11.7% ▼5 Year
        31 Mar 2013
        1.2925
        		31.2% ▼10 Year
        03 Apr 2003
        1.0646
        		16.5% ▼20 Year
        AUD/SGD historic rates & change to 29-Mar-2023

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        Factors that affect the Australian dollar to Singapore dollar exchange rate

        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 .

         

         

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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.