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Australian Dollar / Singapore Dollar (AUD/SGD)

Monitor AUD/SGD forex rates and market trends with real-time insights from FP Markets Tanzania. Make smarter trading decisions with live data and expert analysis.
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Australian Dollar / Singapore Dollar (AUD/SGD) Profile

From 2009 to 2013, AUD was much stronger than SGD and traded around a range of $1.20 to $1.30. On another occasion between 2015-2016, it reached the parity level last seen during the GFC. Since then, it has rebounded about 10% in 2016 and 2017. Now in 2018, it is almost par again.

The Australian Dollar (AUD) is the currency unit used in the Commonwealth of Australia. The Australian Dollar symbol is $. Commonwealth of Australia states include Cocos Islands, Norfolk Island, Pacific Island states, Christmas Island, and Australia. The Dollar is rated by the World Foreign Exchange market as the fifth most-traded currency in the world. The Australian Dollar is also known as the 'Aussie'.

The Singapore dollar (also called Sing) is used by one of the world’s most prosperous countries. Singapore has a highly developed free-market economy characterised by stable prices and an open environment free of corruption. The economy is driven by exports, particularly in consumer electronics, IT products, pharmaceuticals and other chemicals.

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Australian Dollar / Singapore Dollar (AUD/SGD) Trading FAQ

The best time to trade AUD/SGD is from 1300 to 1700 GMT. This is the time when both London Market and New York Market are open and trading transactions from both markets means AUD/SGD spreads are normally tightest during this time because there is a lot of market liquidity for online Currency trading transactions.

As for the currency pair itself, it has all the qualities a day trader looks for. It is highly volatile although not the most volatile pair there is, which may expect the relatively low popularity of AUD/SGD.

As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as AUD/SGD. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully-regulated broker that offers all types of platforms and accounts, to suit every need.

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