Aussie dollar slides to a historical low of S$1.00 = AUD1.25

Australian dollar dives towards a new low against the Singdollar

The Australian dollar has dropped further against the Singapore dollar, pointing towards an all-time low of 1.25, a rate never seen before since September 2001 when it hits 1.18 according to Investing.com.

The AUD has plummeted amid ongoing concern regarding the coronavirus pandemic and could sink further as it takes its toll on the economy.

The historical rates of the SGD/AUD pair from fxtop.com shows it briefly hits 1.18 in 2001 before the AUD started to recover and appreciate against the Singdollar going as high as 0.74:

The Reserve Bank of Australia (RBA) is set to announce measures later today (19 Mar) and could cut interest rates to stimulate growth.

In 2012, S$10,000 can only get you about AUD7,400 — a lot lesser than what the Singdollar is worth today where S$10,000 can get you AUD12,500. It can be good news for those who are planning for a vacation or studying abroad in the Down Under after the pandemic.

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Australian dollar hits decade low against the Singdollar: S$1.00 = AUD1.11

The Australian dollar has declined against major currencies

The Australian dollar has dropped to its lowest level against the Singapore currency since September 2001.

The Singdollar is worth almost 25 per cent lesser than the Australian dollar in 2012 (SGD/AUD = 0.74), but has now climbed above the AUD amid the ongoing Coronavirus situation.

A search for the SGD/AUD pair on Google shows that the rate has hit 1.11, a rate making overseas travel in Australia cheaper.

The Aussie dollar is weaker this morning after it traded at a low of 1.11757 against the Singapore currency, according to xe.com. The slide could be due to a plunge in the crude oil prices as Saudi Arabia launches a price war against Russia.

Singaporea travellers are getting more value for money due to a weaker Australian dollar and with the favourable exchange rate, studying abroad in Australia would be more affordable.

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Australian dollar hits decade low against the Singdollar: S$1.00 = AUD1.08

The Australian dollar is at its lowest since 2009

The Australian dollar has dropped to its lowest level against the Singapore currency since the 2008 Global Financial Crisis. The Aussie dollar is weaker this morning after it traded at an intraday low of 1.0816 against the Singapore currency, according to Investing.com

The Australian dollar plummeted after a huge rate cut from the Reserve Bank of New Zealand as investors now expect the Reserve Bank of Australia to follow suit, as it did with rate cuts earlier this year.

It is about time to plan a holiday to Australia with the attractive exchange rate.

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