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        AUD to SGD Forecasts 2021

        #Forecasts #AUD #SGD

        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.

        Forecasts Updated: Jun 29, 2021
         
        1 AUD = 0.9949 SGD
        AUD to SGD at 0.9949 has fallen 2.3% below its 90-day average, range 0.9949-1.0400.
        |
        1-DAY▼-0.5%
        90-DAY▼LOW
        ⚇
         

        Australian dollar to Singapore dollar in 2021

        AUD/SGD has dropped back from its peak of 1.045 in February but remains slightly up since the start of 2021 and an impressive 15 percent since the depths of pandemic despair in March last year.

        This is great news for individuals or businesses sending money to Singapore. However it is less so for any Australian expats living and earning in Singapore and sending money home to pay for an AU dollar mortgage. Also Singaporean students funding their Australian education will also be feeling the pinch of the weaker purchasing power of SGD in Australia.

        Into 2021 AUD/SGD forecasts are primarily influenced by the perceived relative coronavirus impact on economies and the success of government’s response to the pandemic, both fiscally and in monetary policy.

        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.

        According to OFX, with the AUD continuing to enjoy higher highs and higher lows, their bias is for the AUD to enjoy further gains into 2021 on the back of USD weakness.

        Until the recent Fed Reserve pivot, the Australian dollar had benefited from the US dollar sell-off since late last year as investors moved away from the safe haven of the USD and into riskier assets. AUD Forecasts

        The Singapore dollar has fallen to 8 month lows in late July on the surge in pandemic cases. The city state is recording the highest incidence of new cases of the virus in 11 months with growing clusters around nightlife venues and a major fishing port SGD Forecasts

        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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        What is a good AUD to SGD exchange rate?

        Whether the Singapore dollar will rise or drop in the future versus the Australian dollar is a difficult question and the answer really depends on many factors. The best way to consider the current AUD-SGD relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.

        AUD/SGDChangePeriod
        23 Jul 2021
        →
        1.0021
        		0.7% ▼1 Week
        30 Jun 2021
        →
        1.0085
        		1.3% ▼30 Days
        01 May 2021
        →
        1.0270
        		3.1% ▼90 Days
        30 Jul 2020
        →
        0.9877
        		0.7% ▲1 Year
        31 Jul 2016
        →
        1.0191
        		2.4% ▼5 Years
        02 Aug 2011
        →
        1.3048
        		23.8% ▼10 Years

        AUD/SGD rate change to 30-Jul-2021 → 0.9949


         

         

        Disclaimer: Please note that the currency forecasts and opinions of our authors should not be taken as a reference to buy or sell any financial product.