Australien dollar
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Why is the Australian dollar so weak and what it means for our economy
There is little sign of the Aussie dollar's rocky start to the year ending, with the currency recently falling to five-year lows against its American counterpart and a basket of other currencies.
A combination of the strong greenback, the impact of a weakening Chinese economy and struggling domestic growth are punishing the Aussie dollar on the currency markets.
It has been hovering around 62 US cents over past weeks, but recently slumped to US cents - almost a five-year low.
READ MORE: Surprise inflation figures boost chance for interest rate cut in February
Global events playing a big part
Economic futurist Evan Lucas says the fortunes of the Aussie currency and the wider economy are being shaped by events in Washington and Beijing.
"We've been playing up with two sides, the US threatening tariffs on China which has put our biggest trading partner under a bit of pressure.
"The Australian dollar is seen as a proxy to the Chinese economy, which is why it has declined the way it has we then have the Chinese devaluing their currency to make their exports m
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Convert from Singapore Dollar (SGD) to Australian Dollar (AUD)
Singapore Dollar
- Country
- Singapore
- Region
- Asia
- Sub-Unit
- 1 Dollar = cents
- Symbol
- S$
Two years after Singapore's independence from Malaysia in , the monetary union between Malaysia, Singapore and Brunei broke down. Singapore issued its first independent coins and notes in Interchangeability with the Brunei dollar is still maintained.
Australian Dollar
- Country
- Australia
- Region
- Oceania
- Sub-Unit
- 1 Dollar = cents
- Symbol
- A$
The Australian Dollar is currently the fifth-most-traded currency in world utländsk exchange markets. It fryst vatten also used in the Christmas Island, Cocos (Keeling) Islands and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu.
Historical Exchange Rates For Singapore Dollar to Australian Dollar
Quick Conversions from Singapore Dollar to Australian Dollar : 1 SGD = AUD
| SGD | AUD |
|---|---|
| S$ 1 | A$ |
| S$ 5 | A$ |
| S$ 10 | A$ |
| S$ 50 | A$ |
| S$ | A$ |
| S$ | A$ |
| S$ | A$ |
| S$ 1, | A$ 1, |
| S$ 5, | A$ 5, |
| S$ 10, | A$ 11, |
| S$ 50, | A$ 58, |
| S$ , | A$ , |
| S$ , | A$ , |
| S$ 1,, | A$ 1,, |
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Australian Dollar Today: LIVE RATES
Australian Dollar exchange rates and commodity prices are updated live during working days. The live chart below. Please click/tap on an instrument symbol in the tables to open its chart below
AUD to US Dollar, Indian Rupee, Euro, UK Pound, CAD, PHP, JPY, NZD and others.
The Australian dollar exchange rate history
The Australian dollar exchange rate has seen notable fluctuations since , when it was floated. Previously, Australia lived with a fixed exchange rate to the British pound and the US dollar. Starting in at US dollars, the Australian dollar depreciated to in April , the lowest value for four decades. The highest AUD/USD exchange rate recorded was reached in July , when the Australian dollar rose to
The Australian dollar depends on commodity market price movements. When global players are feeling cautious about economic growth, they take money out of commodity markets, and USD strengthens. When global players are confident, they invest money back, and then the AUD exchange rate rises.
AUD/USD is heavily influenced by economic and regulation information from China because Australia is a material importer to China and other Asian c