AUD to SGD: Live Price Chart

As former British colonies, the Republic of Singapore and Australia have strong economic and political ties. Both use versions of the Dollar currency today, which was adopted as a decimalized alternative to older, GBP-based currency systems in the mid-20th century. As both nations have large, powerful economies, there is often profit in trading one currency for another.

The SGD is issued by the Monetary Authority of Singapore. Interestingly, because Brunei Darussalam and the Republic of Singapore have a Currency Interchangeability Agreement, The Brunei Dollar is accepted in Singapore and vice versa. The SGD was preceded by the Malaya and British Borneo Dollar, the Malayan Dollar, the Straights Dollar and the Spanish-American silver Dollar, as far back as the 16th century.

Likewise, the Australian Dollar is legal currency in more than just Australia. Australian territories like Norfolk Island, the Cocos or Keeling Islands and Christmas Island use it, as well as completely independent Pacific states like Tuvalu, Nauru and Kiribati. New Guinea and the Solomon Islands until the mid-1970s. It replaced the Australian pound in 1966, but its value was still fixed relative to the GBP until 1977.

The price history of AUDSGD is an interesting example of how currency values can fluctuate over time. As the Australian Dollar (AUD) and Singapore Dollar (SGD) are both major currencies, their exchange rate can be a good indicator of economic conditions in both countries.

The AUDSGD pair has had some big movements over the past few years, with the rate peaking at 1.34 in Mar 2012 before dropping to a low of 0.88 in March 2020. Since then, it has been gradually climbing back up and is currently around the 0.9 level as of April 2023.

Trading the AUD/SGD currency pair gives forex traders access to different economic conditions between Australia and Singapore. The Australian Dollar is closely linked with commodity prices, while the Singapore Dollar tracks movements in Asian manufacturing. By trading AUD/SGD, traders can take advantage of differences in the underlying economic factors affecting these two countries.

In addition to AUD/SGD, forex traders can also look at other currency pairs involving the Australian Dollar such as EUR/AUD and GBP/AUD. These pairs provide opportunities to take advantage of different economic conditions between Australia, Europe, and the UK respectively. Traders should also consider trading AUD/JPY and AUDUSD, two widely traded currency pairs that involve the Australian Dollar.