At the time of writing…
1.00 AUSTRALIA DOLLAR = 0.982478 SINGAPORE DOLLAR
1.00 AUSTRALIA DOLLAR = 0.665134 U.S DOLLAR
I’m old enough to remember the last time the Australian dollar was on par with the Singapore dollar (before GST was introduced in Australia), but I must too old now as my memory fails me when I try to think the last time the Australian dollar was this low.
Just two months ago I was persuading my family and friends to purchase U.S dollars as the universally accepted greenback is recognised everywhere. Those were the days when 1 Australian dollar could get you over 0.96 American dollar. What a deal.
Fast forward to today, and an email from my brother in Singapore indicates that all Singapore banks and money changers are suspending the sale of Australian money. What an awesome display of demand outstripping demand. Incredible.
Let’s hope this mini financial crisis rears its pretty head soon.
Exchange rate from xe.com