SGD/NZD: what to know
The SGD/NZD rate shows how much NZD you get for 1 SGD. Right now, 1 SGD buys 1.3587 NZD at the mid-market rate. In the other direction, 1 NZD is worth 0.7360 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while NZD responds to soft-commodity prices and risk appetite.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the SGD/NZD rate has ranged between 1.3011 and 1.3705 — a change of +3.77% 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.