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    SGD to AUD 2024 Forecasts

    Analysis of recent Singapore dollar → Aussie forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Singapore dollar to Australian dollar performance and trends.

     

    Forecasts for SGD to AUD

     

    Based on recent updates and forecasts from currency market analysts, it appears that the Singapore Dollar (SGD) and Australian Dollar (AUD) could face continued challenges and opportunities in the near term. The SGD has been influenced by rising US treasury yields and persistent inflation in the US, leading to a five-month low against the USD. The Monetary Authority of Singapore (MAS) is maintaining its monetary policy to address these pressures. The MAS expects core inflation to hover around 3% in the short run before decreasing in late 2024. With Singapore's GDP projected to grow between 1% and 3%, the SGD may find support if US inflation remains stubborn, although geopolitical risks and US inflation will play a significant role in determining the pair's movement.

    On the other hand, the AUD experienced a recovery following a sluggish start due to strong trade activity. However, uncertainties surrounding US interest rate cuts and geopolitical tensions have led markets to focus on inflation data for direction. The AUD’s value is bolstered by global growth outlooks, and any changes in commodity prices can significantly impact its performance. Notably, most banks are revising their AUD forecasts lower for 2024 as the US Federal Reserve is unlikely to cut interest rates until later in the year. The AUD's outlook depends on global risk appetite and central bank actions, with a possible contraction in the interest rate differentials supporting the currency's value.

    With the current SGD to AUD exchange rate at 1.1159, just 0.9% below its three-month average of 1.1257, the pair has traded quite steadily within a narrow 3.3% range. Traders and investors will keenly monitor US inflation data, Federal Reserve signals, and Singapore's local economic conditions to gauge the future movements of the SGD to AUD exchange rate.

     
    @bestfxrates : SGD to AUD at 1.1159 faces mixed pressures. Rising US yields & inflation weigh on SGD, while AUD adjusts to commodity shifts. MAS keeps firm policy against inflation's bite. US Fed decisions & global risk sentiment to sway rates further. Watch for volatility amid economic updates. #SGDAUD #ForexUpdates

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    SGD to AUD Market Data

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

     
    1 SGD =
    1.1093We compare provider deals to this wholesale mid-market rate. Read more
    AUD
    -0.3%
    3M
    SGD to AUD is at 90-day lows near 1.1087, 1.3% below its 3-month average of 1.1241, having traded in a very stable 3.3% range from 1.1087 to 1.1450
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    Compare & Save - Singapore dollar to Australian dollar

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to Australian dollar (AUD) rates from different sources before making a conversion.

    Use our SGD to AUD 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 Singapore dollar to Aussie currency rates and the possible savings of using various providers.

     
    DateSGD/AUDChangePeriod
    05 Jun 2024
    1.1148
    0.5% 2 Week
    21 Mar 2024
    1.1325
    2% 3 Month
    20 Jun 2023
    1.0965
    1.2% 1 Year
    21 Jun 2019
    1.0646
    4.2% 5 Year
    22 Jun 2014
    0.8532
    30.1% 10 Year
    24 Jun 2004
    0.8370
    32.6% 20 Year
    SGD/AUD historic rates & change to 19-Jun-2024
     

    Will the Singapore dollar rise against the Australian 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.

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    Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian 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