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Thread: Exchange rate for Aud

  1. #1
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    Default Exchange rate for Aud

    All along, we can use Brunei down here as exchange rate is same. Now the Australia dollar also same as sgd, can we use it too? Or will we be getting 1:1 when we exchange for it?
    Only Sony device mostly, haha!

  2. #2
    Moderator Octarine's Avatar
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    Default Re: Exchange rate for Aud

    Quote Originally Posted by BBTM View Post
    All along, we can use Brunei down here as exchange rate is same. Now the Australia dollar also same as sgd, can we use it too? Or will we be getting 1:1 when we exchange for it?
    Please read:
    http://www.mas.gov.sg/currency/curre...th-brunei.aspx
    The parity between Brunei Dollar and SGD is fixed by agreement. The parity between AUD and SGD is rather temporary and has other reasons.
    EOS

  3. #3
    Senior Member shierwin's Avatar
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    Default Re: Exchange rate for Aud

    Quote Originally Posted by BBTM View Post
    All along, we can use Brunei down here as exchange rate is same. Now the Australia dollar also same as sgd, can we use it too? Or will we be getting 1:1 when we exchange for it?
    Market forces man....not a peg rate like Brunei dollar

  4. #4
    Moderator catchlights's Avatar
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    Default Re: Exchange rate for Aud

    Quote Originally Posted by BBTM View Post
    All along, we can use Brunei down here as exchange rate is same. Now the Australia dollar also same as sgd, can we use it too? Or will we be getting 1:1 when we exchange for it?
    where are you gonne use it? No one will accept Aussie dollars because they can't deposit into bank directly without paying foreign currency handling fee. beside, bank exchange rate won't be better than outside exchange rate too.
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    Default

    If cannot use but will we still able to get 1:1 or lesser? Check online, 1:1 for Brunei and Australia $.
    Only Sony device mostly, haha!

  6. #6
    Moderator catchlights's Avatar
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    Default Re: Exchange rate for Aud

    Quote Originally Posted by BBTM View Post
    If cannot use but will we still able to get 1:1 or lesser? Check online, 1:1 for Brunei and Australia $.
    So??

    the currency exchange always fluctuated by market force, it won't be 1 to 1 forever unless is fixed by agreement.
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  7. #7
    Senior Member richiemccaw1's Avatar
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    Default Re: Exchange rate for Aud

    Even if its 1:1 now you wont get that at money changers, they need to charge a spread to cover their risks and costs. You would likely have to pay slightly above S$1 to get A$1 now. You would pay S$1 for A$1 only if the exchange rate strengthens a little further in S$'s favour.

  8. #8

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    U can ask the shops if they willing to take it
    Shops take Brunei dollars cos they know it's fixed at 1:1

  9. #9
    Senior Member Sion's Avatar
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    Default Re: Exchange rate for Aud

    Quote Originally Posted by BBTM View Post
    All along, we can use Brunei down here as exchange rate is same. Now the Australia dollar also same as sgd, can we use it too? Or will we be getting 1:1 when we exchange for it?
    Depends what sort of service you have to pay the Aud $.

    The girls in Orchard Plaza would gladly receive it thinking you're are a foreigner in a hurry and have no time to change to Sin $.
    Last edited by Sion; 16th February 2016 at 04:46 PM.

  10. #10

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    Quote Originally Posted by BBTM View Post
    All along, we can use Brunei down here as exchange rate is same. Now the Australia dollar also same as sgd, can we use it too? Or will we be getting 1:1 when we exchange for it?
    Where got suka suka use one? Foreign currency is useless to the shops. They need to either change bk to SG dollars (which will incur FX charge) or need to bank into AUD foreign currency account.

  11. #11
    Senior Member shierwin's Avatar
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    Default Re: Exchange rate for Aud

    Can't beat this



    Last edited by shierwin; 16th February 2016 at 06:39 PM.

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