About AUD/SGD
AUD/SGD pairs a commodity exporter’s currency with the currency of a regional financial centre. Both economies sit in the Asia-Pacific and both are exposed to Chinese demand, but they respond differently: Australia through raw materials, Singapore through trade, shipping and financial services. The Singapore dollar is also managed differently from most floating currencies, which gives this pair a character of its own.
What Moves AUD/SGD?
The MAS policy band
The Monetary Authority of Singapore manages the currency rather than the interest rate. It guides the Singapore dollar within an undisclosed band against a trade-weighted basket, and adjusts the slope, width or centre of that band at its scheduled reviews. This is the single most distinctive feature of any SGD pair.
Chinese and regional growth
Both currencies are sensitive to Asian demand, which can mute the pair when the two move together and amplify it when they do not.
Commodity prices
Iron ore, coal and gas drive the Australian side more than the Singapore side.
Risk sentiment
The Australian dollar is the more volatile leg in a risk-off move.
Trading AUD/SGD
Prices on this page come from our own market feed. The chart, the 52-week range and the performance figures are measured from our own daily closes, and any figure our history cannot support is withheld rather than estimated. Nothing here is a recommendation or a forecast β see our methodology for how each figure is produced.