1 Australian dollar equals Singapore dollar
1AUD=SGD
There are three simple steps you need to take in order to get a good AUD-SGD exchange rate:
Know the latest AUD to SGD market mid-rate - this is your starting point!
Compare your Bank and licensed FX provider transaction costs, including the exchange rate margins as well as the various types of fees. These margins and fee costs vary for
Foreign Transfers
and
Travel Money
transactions.
Review up-to-date
Currency News and Forecasts
for both the Australian dollar and Singapore dollar currencies, if available.
1. Market AUD/SGD mid-rate
Right now the AUD/SGD market rate is
and represents how many
Singapore dollar
you can get for one Australian dollar.
Calculate equivalent currency amounts with this AUD to SGD currency converter then select the transaction type to compare the best exchange rates available.
Australian dollar to Singapore dollar (AUD-SGD) - 10 Year History
Date
Exchange Rate
Period
Change
26 May 2018
1.0137
Latest
19 May 2018
1.0088
1 Week
+0.49%
26 Apr 2018
1.0032
1 Month
+1.05%
27 Nov 2017
1.0242
6 Months
-1.03%
26 May 2017
1.0290
1 Year
-1.49%
26 May 2016
0.9930
2 Years
+2.08%
27 May 2013
1.2159
5 Years
-16.63%
28 May 2008
1.3108
10 Years
-22.67%
The AUD/SGD mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the AUD / SGD was traded (bought or sold) in the international markets.
The closer your final exchange rate is to the market / midrate the better deal you are getting.
2. Transaction Costs - Margins and Fees for AUD/SGD Foreign Exchange
The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
AUD to SGD Foreign Transfer - Costs Compared
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from AUD to SGD.
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
This is the amount of money that could be received by your transfer at rate AUD/SGD=0.9961 and inclusive of the fee of AUD 0. Rate timestamp : Sun May 27 2018 07:00:40 GMT+0000 (UTC)
Rate available to ANZ Online Banking customers only. Fee for transfers via ANZ Internet Banking is $18 (or $12 if the transfer is over $AUD10,000) in ANZ Foreign Exchange Centre or via ANZ Phone Banking fee is $32.
This is the amount of money that could be received by your transfer at rate AUD/SGD=0.979 and inclusive of the fee of AUD 18. Rate timestamp : Sun May 27 2018 07:03:05 GMT+0000 (UTC)
This is the average AUD to SGD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.
This is the amount of money that could be received by your transfer at rate AUD/SGD=0.9582 and inclusive of the fee of AUD 6 . Rate timestamp : Sun May 27 2018 07:02:01 GMT+0000 (UTC)
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
Click here to order Travel Money and the Pre-paid Cash Passport with $0 commission and great exchange rates only available online. Home delivery or pickup your cash at your local Travelex store, Post Office, HSBC branch or conveniently at the airport on departure day. * Orders paid for via BPAY incur no additional fees. Card (debit or credit) will incur a card surcharge; MasterCard (debit) 0.77%, MasterCard (credit) 0.94%, Visa (debit) 0.72% and Visa (credit) 1%. In addition, for Credit Card purchases, your card issuer may charge a separate cash advance fee. For Australia post collection and home delivery orders under $AUD1,000 a $10 collection fee applies.
Amount of money that could be received by your currency exchange at rate AUD/SGD=0.9549 and inclusive of the fee of 0. Rate timestamp : Sun May 27 2018 07:00:04 GMT+0000 (UTC)
Amount of money that could be received by your currency exchange at rate AUD/SGD=0.979 and inclusive of the fee of AUD 20 (1%). Rate timestamp : Sun May 27 2018 07:03:05 GMT+0000 (UTC)
Amount of money that could be received by your currency exchange at rate AUD/SGD=0.9613 and inclusive of the fee of AUD 20 (1%). Rate timestamp : Sun May 27 2018 07:02:01 GMT+0000 (UTC)
This is the average AUD to SGD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.
Getting a good market rate is mainly about timing however the transaction margin
you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for
travel money and possibly over 5% to 6% when sending money.
The exact potential savings depends on the currencies being exchanged and the amount
you are transferring and if you are willing to shop around.
Why can't I just get the same AUD/SGD market rate I see on Google or in the Media?
When you look up the current Australian dollar to Singapore dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.
AUD to SGD mid-rate on google search
Getting a great AUD to SGD mid-market rate is all about timing, so unless you
are able to wait, watch and time the market this is largely beyond your control.
This rate will go up and down with varying amounts of volatility depending on the currency pair.
This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will
get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.
You can use our AUD to SGD currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates.
Then choose your transaction type for specific Australian dollar cross rates and reviews of leading foreign exchange providers versus the Banks.
3. Currency News, Research and Forecasts for Australian dollar and Singapore dollar
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs SGD, you should pay attention to both Australian dollar and Singapore dollar news and forecasts.
Australian dollar (AUD) - Market news and forecasts
The Australian dollar took a hit in February and March, during which it gave up 4% of its value against the US dollar, and it continues to struggle in April.
In the third week of April, a rather dovish set of RBA meeting minutes eliminated gains made during a modest recovery period earlier in the month and the Aussie was once again in the mid-0.76s versus USD – it had been as high as 0.813 in January – and was close to long-term lows against the euro, in the low 0.62s.
Over the medium term, the Australian dollar is likely to receive support from commodities, which will continue to rally according to a PIMCO analyst. Speaking in April, the analyst said that commodities “would shine” given the transition to an environment in which low and stable inflation is preferable.
Any support lent by commodities will, however, be offset by a central bank that sees little reason for a near-term increase in interest rates and by uncertainties surrounding a potential US-China trade war. Trade tensions were at least eased when at the Boao Forum in April, Chinese President Xi Jinping spoke of the need to ease tariffs and further open up China’s economy.
In March, the median estimate of analysts polled by Reuters had AUD/USD at 0.78 at year-end.
Singapore dollar (SGD) - Market news and forecasts
In April, the Monetary Authority of Singapore said for the first time in six years that it would allow the Singapore dollar to appreciate. Unconventionally, the MAS manages monetary policy by managing the value of SGD. By allowing the currency to rise, it will effectively tighten policy in response to robust economic growth – 4.3% in the fourth quarter.
USD/SGD has, for the most part, followed the broader market for dollar pairs in 2018. The pair reached 1.3 in January for the first time since 2014 but since then has rallied. It was back to 1.4 in early May.
In early May, for the first time in nearly two years, the Singapore dollar broke parity with the Australian dollar. When last seen, AUD/SGD was at 0.998.
Based on a global macro model and analyst expectations, the team at TradingEconomics.com is forecasting USD/SGD at 1.37 at the end of April 2019.
ANZ Bank
Bank of Queensland
Travelex Online