The Australian Dollar (AUD) exchange rate to the Singapore Dollar (SGD) has seen notable fluctuations in the past 52 weeks. The highest exhange rate was 0.9138 on July 11, 2024, while it hit the lowest conversion rate at 0.8406 on August 5, 2024. The average exchange rate of AUD to SGD was 0.8860 within those periods.
In 2024, the AUD/SGD rate dropped to -1.61%. This means the Australian dollar has strengthened compared to the Singapore dollar. As of September 25, 2024, the current AUD to SGD exchange rate is 0.8472 SGD at Foreign Xchange with no hidden fees. For the last 30 days, the average exchange rate of AUD to SGD closed at 0.8780 while the SGD to AUD was 1.1385.
Here is the one-year historical exchange rate of AUD to SGD and SGD to AUD. This is helpful for price prediction for the upcoming forecast for 2024-2025.
12-month Historical Trends AUD to SGD
| Date | Open | High | Low | Close* |
| 30-Sep-23 | 0.8819 | 0.8819 | 0.8605 | 0.8685 |
| 1-Nov-23 | 0.8671 | 0.8869 | 0.8625 | 0.8817 |
| 1-Dec-23 | 0.8834 | 0.9057 | 0.8757 | 0.8957 |
| 1-Jan-24 | 0.8983 | 0.9036 | 0.8787 | 0.8831 |
| 1-Feb-24 | 0.8796 | 0.8838 | 0.8705 | 0.8732 |
| 1-Mar-24 | 0.8748 | 0.887 | 0.8702 | 0.8796 |
| 31-Mar-24 | 0.8804 | 0.8953 | 0.8678 | 0.8923 |
| 30-Apr-24 | 0.8839 | 0.9021 | 0.8825 | 0.8951 |
| 31-May-24 | 0.9003 | 0.9063 | 0.8888 | 0.906 |
| 30-Jun-24 | 0.9044 | 0.913 | 0.8688 | 0.8772 |
| 31-Jul-24 | 0.8749 | 0.8876 | 0.8422 | 0.8833 |
| 31-Aug-24 | 0.8833 | 0.8878 | 0.8638 | 0.8855 |
| 25-Sep-24 | 0.8843 | 0.8843 | 0.8773 | 0.8797 |
The last quarter of 2023 showed an upward trajectory for the Australian dollar to Singapore dollar exchange rate. It slightly dropped after December 2023 exchange rate and appreciated again during January 2024. The AUD to SGD dollar reached its highest exchange rate last July 2024. However, there was a sharp decline in AUD to SGD exchange rates last August 2024. The AUD to SGD exchange rate only slightly recovered last September 2024.
12-month Historical Trends SGD to AUD
| Date | Open | High | Low | Close* |
| 30-Sep-23 | 1.112 | 1.1609 | 1.112 | 1.1506 |
| 1-Nov-23 | 1.1521 | 1.1587 | 1.1147 | 1.1339 |
| 1-Dec-23 | 1.1317 | 1.1411 | 1.0955 | 1.0986 |
| 1-Jan-24 | 1.1109 | 1.1377 | 1.1006 | 1.132 |
| 1-Feb-24 | 1.1366 | 1.1477 | 1.1159 | 1.1438 |
| 1-Mar-24 | 1.143 | 1.148 | 1.1108 | 1.1368 |
| 31-Mar-24 | 1.1356 | 1.1506 | 1.1069 | 1.1204 |
| 30-Apr-24 | 1.1311 | 1.1327 | 1.0962 | 1.1169 |
| 31-May-24 | 1.1086 | 1.1241 | 1.0904 | 1.1023 |
| 30-Jun-24 | 1.1055 | 1.1505 | 1.0784 | 1.1391 |
| 31-Jul-24 | 1.1427 | 1.187 | 1.1251 | 1.1307 |
| 31-Aug-24 | 1.1307 | 1.1572 | 1.1261 | 1.1291 |
| 26-Sep-24 | 1.1369 | 1.1369 | 1.1325 | 1.133 |
For the SGD to AUD exchange rate, the Australian dollar slightly strengthened from September to November 2023, as shown by its declining exchange rate to 1 Singapore dollar. The AUD slightly weakens after November towards January 2024. It then recovered and consistently became a stronger currency against the Singapore dollar until July 2024. Beginning in August 2024, the Australian dollar is gaining traction to reach its resistance level.
AUD to SGD Forecast for Tomorrow, This Week, and Next Week Based on the 30-day Trend Analysis
Here is the AUD to SGD rate forecast using the 30-day averaged exchange rate data beginning August 26, 2024, to September 26, 2024, using liner forecasting analysis:
Date Expected Daily High Expected Daily Low
September 27, 2024 0.877863 SGD 0.872388 SGD
September 28, 2024 0.877725 SGD 0.872225 SGD
September 29, 2024 0.877586 SGD 0.872062 SGD
September 30, 2024 0.877447 SGD 0.871898 SGD
October 01, 2024 0.877308 SGD 0.871735 SGD
October 02, 2024 0.877169 SGD 0.871572 SGD
October 03, 2024 0.87703 SGD 0.871408 SGD
October 04, 2024 0.876891 SGD 0.871245 SGD
October 05, 2024 0.876752 SGD 0.871082 SGD
October 06, 2024 0.876613 SGD 0.870919 SGD
October 07, 2024 0.876474 SGD 0.870755 SGD
October 08, 2024 0.876335 SGD 0.870592 SGD
October 09, 2024 0.876196 SGD 0.870429 SGD
October 10, 2024 0.876057 SGD 0.870265 SGD
The general prediction for the coming week for the AUD to Singapore dollar conversion is bearish. The AUD to SGD dollar exchange rate is expected at a daily high of around 0.877447 SGD on Monday (September 30) and an expected daily low of 0.871898 SGD. On Tuesday (October 1), AUD to SGD prediction is at 0.877308 SGD (high) and 0.871735 SGD (low). On Wednesday (October 2), AUD to SGD prediction is at 0.877169 SGD (high) and 0.871572 SGD (low). On Thursday (October 3), the AUD to SGD prediction is at 0.87703 SGD (high) and 0.871408 SGD (low). Finally, on Friday (October 4), the AUD to SGD prediction was at 0.876891 SGD (high) and 0.871245 SGD (low).
For Singapore dollar-Australian dollar forecast, the 1-month historical data beginning August 26, 2024, to September 26, 2024, can also provide a two-week AUD forecast or price prediction using linear trend analysis as follows:
| Date | Expected Daily High | Expected Daily Low |
| 27-Sep-24 | 1.144937 | 1.138925 |
| 28-Sep-24 | 1.145123 | 1.139105 |
| 29-Sep-24 | 1.145308 | 1.139284 |
| 30-Sep-24 | 1.145494 | 1.139464 |
| 1-Oct-24 | 1.145679 | 1.139644 |
| 2-Oct-24 | 1.145865 | 1.139823 |
| 3-Oct-24 | 1.14605 | 1.140003 |
| 4-Oct-24 | 1.146236 | 1.140183 |
| 5-Oct-24 | 1.146422 | 1.140362 |
| 6-Oct-24 | 1.146607 | 1.140542 |
| 7-Oct-24 | 1.146793 | 1.140722 |
| 8-Oct-24 | 1.146978 | 1.140902 |
| 9-Oct-24 | 1.147164 | 1.141081 |
| 10-Oct-24 | 1.147349 | 1.141261 |
The Australian dollar exchange rate, vis-a-vis the Singapore dollar, is predicted to be upward next week. On Monday (September 30), the Singapore dollar to AUD forecast is expected to be at the maximum exchange rate of 1 SGD to 1.145494 AUD. This will only slightly increase on Tuesday (October 1) at 1.145679 SGD to AUD. The increasing trend is expected to continue until the end of two weeks unless other economic and political factors come in.
Technical analysis for the forecast: How to use resistance and support levels for a strategic trade
Resistance levels are ceilings that the price struggles to rise above due to increased selling pressure, while support levels are floors that struggle to fall below due to increased buying pressure.
Below is how expert traders use resistance levels for their dollar exchange rate predictions:
1. Historical Price Peaks
If AUD/SGD has touched 0.9000 multiple times in the past without breaking above it, this becomes a potential resistance level. When the price nears this level again, traders may expect resistance and possibly place sell orders or wait for a breakout.
2. Fibonacci Extensions
If AUD/SGD recently moved from 0.8700 to 0.8900 and pulled back to 0.8800, Fibonacci extension levels can help predict the next resistance. The 161.8% extension may indicate resistance near 0.9050.
3. Moving Averages as Dynamic Resistance
If the current AUD rate is trading at 0.8950 SGD, and the 200-day moving average is at 0.9000, this moving average could act as resistance. Traders may watch for rejection or a breakout at this level.
4. Trendlines
In AUD/SGD, if you draw a trendline connecting several peaks from the last few months, this line becomes a resistance level to watch. As the price approaches this trendline, traders anticipate a potential reversal or a breakout.
5. Pivot Points
For AUD/SGD price prediction, if the pivot point calculation indicates resistance at 0.8980, traders might watch for selling pressure when the pair approaches this level.
Combining these methods allows you to confirm or adjust your view on where AUD/SGD may face resistance and plan your trades accordingly.
Where to find reliable forecasts: AUD to SGD / SGD to AUD Forecast
Here are some of the platforms to get a reliable Australian dollar to SGD forecast:
Financial News Platforms
Overview of trusted news outlets like Bloomberg, Reuters, and The Financial Times for reliable exchange rate updates. These outlets are known for their comprehensive coverage of financial markets, and real-time exchange rate data, analysis, and news.
Currency Converter Websites
Currency-converter websites like Foreign Xchange provide up-to-date forecasts and trends. Their online exchange services provide a free currency calculator and a rate tracker to check for historical trends, including today’s range for a forex pair.
Banks and Financial Institutions
These institutions can provide daily forecasts and analyses for currency exchanges. However, when you exchange your currency with them (e.g., Singapore dollar to Australian dollar), you will not get the exact SGD/AUD exchange rate due to bank fees and taxes.
FAQs
How accurate are AUD to SGD exchange rate forecasts?
Exchange rate forecasts, including those for AUD to SGD, can vary significantly in accuracy due to several factors. A forecast for tomorrow often relies on historical data and statistical models, which may not account for sudden changes in market conditions or policy shifts.
How often should I check the AUD to SGD exchange rate for updates?
It depends on the specific need or purpose. If you’re making regular transactions (e.g., remittances, payments), checking daily or weekly can help you catch favourable rates. If you’re actively trading currencies, you might want to monitor rates in real-time throughout the day. If you plan a future purchase or investment, checking once a week or bi-weekly should be sufficient to stay informed about trends.
Can apps or tools help me trigger prices for my AUD to SGD or SGD to AUD rates in real-time?
Many financial apps and platforms allow you to set alerts for specific exchange rates, which can be a helpful way to stay updated without constant checking. Subscribe for Foreign Xchange rate tracker to receive alert updates on your email.
What are the best times to trade AUD/SGD?
The best times to trade AUD/SGD are when liquidity is highest, typically during the overlap of the Asian and Australian trading sessions. (Singapore market): 9 AM to 6 PM SGT. Sydney market: 7 AM to 4 PM AEST.
Why is AUD/SGD considered a cross-currency pair?
AUD to SGD is considered a cross-currency pair because it does not involve the U.S. dollar (USD). Cross-currency pairs are less commonly traded than major currency pairs, including USD, leading to potentially higher spreads and less liquidity. However, AUD to SGD is still actively traded in Asia, especially due to strong trade relations between Australia and Singapore.