Singapore Dollar to Australian Dollar - Convert Compare Save
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
Compare SGD/AUD Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks for SGD/AUD International Money Transfers. Costs are calculated against the amount when SGD is converted to AUD at mid-rate.
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10,222 AUD
1.0222
0
1.17%
Bank Transfers - Online & Phone, Foreign Currency Accounts
Right now the SGD/AUD interbank exchange rate is 1.0381.
It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Australian Dollar to Singapore Dollar.
This SGD/AUD Converter calculates equivalent Singapore Dollar to Australian Dollar amounts at the market mid-rate.
You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
Singapore Dollar to Australian Dollar (SGD-AUD) - 10 Year History
The below table shows the historic variation in the SGD/AUD exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of SGD versus other currencies : SGD historical charts.
Date
Exchange Rate
Period
Change
23 Apr 2019
1.0385
Latest
16 Apr 2019
1.0304
1 Week
+0.79%
24 Mar 2019
1.0438
1 Month
-0.51%
25 Oct 2018
1.0229
6 Months
+1.53%
23 Apr 2018
0.9924
1 Year
+4.65%
23 Apr 2017
0.9500
2 Years
+9.32%
24 Apr 2014
0.8581
5 Years
+21.02%
25 Apr 2009
0.9317
10 Years
+11.46%
Why can't I just get the SGD/AUD market rate I see on Google or in the Media?
The SGD/AUD 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 SGD / AUD was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market SGD/AUD midrate the better deal you are getting.
The three things you need in order to get a good SGD to AUD exchange rate
Know the latest SGD/AUD market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Currency news and forecasts for Singapore Dollar and Australian Dollar
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the SGD vs AUD, you should pay attention to both Singapore Dollar and Australian Dollar news and forecasts.
Singapore Dollar (SGD) - Market news and forecasts
2019 has begun steadily for the Singapore dollar. In the third week of April, SGD is little changed (<1 percent) on the year against both the US dollar (S$1.356) and Australian dollar (S$0.97), but it continues to impress against the euro, relative to which it has strengthened by 2.5 percent year-to-date to S$1.524—near its strongest level in 2 years. A big-picture view shows SGD trading sideways against the pound since late 2016, now at S$1.763. SGD reached a 17-month high against the Malaysian ringgit in April, at RM3.073.
With core inflation at a 9-month low in the lead-up to this report and quarterly economic growth at a 2-year low, it’s likely that the Monetary Authority of Singapore will keep monetary policy unchanged when it next meets in October.
According to TradingEconomics.com, the Singapore dollar is likely to be worth S$1.37 per US dollar in 12 months’ time (April 2020).
Australian Dollar (AUD) - Market news and forecasts
Improved risk appetite, thriving commodities markets and better data from China helped lift the Australian dollar through March and into the second half of April. Against the US dollar, the Aussie was quoted at US$0.715 on April-22.
In March, both Westpac and JP Morgan predicted an Aussie slide to US$0.68 in the second half of the year. Those banks were at least more optimistic than HSBC, which argued in April for US$0.66 based on housing market weakness, high debt-to-GDP levels and continued strength in the US dollar.
Bearishness wasn’t unanimous, though, with NAB forecasting Aussie appreciation at least until mid-year; it predicted US$0.74 by the end of June.
The RBA will be happy with a weaker currency, HSBC said. The central bank has recently shifted to a dovish bias (what should be an across-the-board negative for AUD), saying lower Australian interest rates will “likely be appropriate” if inflation doesn’t pick up.
Australia
Christmas Island
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Heard And McDonald Islands
Kiribati
Nauru
Norfolk Island
Tuvalu