1 Singapore dollar can now get you 1.05 Aussie dollar
Planning for a trip to Australia? This is a good time to visit the money changer.
The Singapore dollar rose to a 4-month high against the Australian dollar since the last time it hits S$1.00 = A$1.051 in January this year.
If we look at the 10-year chart, you can see that it is near its peak.
The decline of the Australian dollar is probably due to the result of the trade war between China and US. Australia’s economy is dependent on exports of its natural resources and a dampen China’s growth prospect will definitely affect the dollar.
If you are a prospective student going to Australia for your studies, good for you.