AUD to SGD — compare your quote with the mid-market rate
Australian Dollar → Singapore Dollar
AUD → SGD is a busy Australia–Singapore business and expat corridor. Both currencies are liquid in Asian hours and the wholesale spread is tight; a retail quote more than 1% from the mid is provider margin, not market. Singapore's licensed money-changers are often closer to the mid than bank counter rates.
About the AUD/SGD pair
This page shows today’s wholesale AUD/SGD mid-market rate beside the rate a bank, broker, or kiosk has quoted you. The result is the gap between the two, as a percentage and an amount, in four tiers: under 0.3%, 0.3–1%, 1–3% and over 3% of the amount. The mid-market rate is the rate banks trade at, not a rate you can transact at directly — providers add their margin on top, and that margin is the gap RateCheck shows.
Who sends money on this route
Australian dollars go to Singapore dollars for Australians working in Singapore's finance and technology sectors, for Australian exporters paying regional distributors, and for families with students at Singaporean schools and universities.
Singapore is a common base for Australian companies expanding into South-East Asia, so payroll and supplier payments form a large part of the flow.
What moves AUD/SGD
The Reserve Bank of Australia sets a floating policy rate. The Monetary Authority of Singapore manages the Singapore dollar against a basket of trading-partner currencies within an undisclosed band, using the exchange rate rather than an interest rate as its policy tool.
Australia's quarterly consumer price index, its labour force survey and each RBA decision matter on the Australian side. The MAS policy statements, Singapore inflation and GDP matter on the Singapore side.
AUD/SGD combines a risk-sensitive commodity currency with a steadily managed one, so most of the pair's movement comes from the Australian dollar.
How to read a quote
AUD/SGD is quoted as Singapore dollars per Australian dollar. A customer rate below the mid-market rate delivers fewer Singapore dollars, and the gap is the provider's margin.
Retail bank margins on international transfers are commonly a few per cent; specialist providers are often under one per cent. The Singapore dollar's managed path means day-to-day market moves are modest, so a wide retail gap is unlikely to reflect market conditions.
The RBA’s cash rate target, its next decision date and AUD/USD on recent decision days are on the RBA cash rate page.