SGD/AUD: what to know
The SGD/AUD rate shows how much AUD you get for 1 SGD. Right now, 1 SGD buys 1.0917 AUD at the mid-market rate. In the other direction, 1 AUD is worth 0.9160 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while AUD responds to commodity prices and Chinese demand.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the SGD/AUD rate has ranged between 1.0842 and 1.1908 — a change of -5.97% 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.