AUD/SGD: what to know
The AUD/SGD rate shows how much SGD you get for 1 AUD. Right now, 1 AUD buys 0.9160 SGD at the mid-market rate. In the other direction, 1 SGD is worth 1.0917 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while SGD responds to the MAS-managed currency basket.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Over the past 12 months the AUD/SGD rate has ranged between 0.8398 and 0.9224 — a change of +6.35% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.