Exchange rate for Aud


BBTM

Senior Member
Nov 23, 2004
2,211
6
38
BB West
#1
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?
 

Octarine

Moderator
Staff member
Jan 3, 2008
12,491
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48
Pasir Ris
#2
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/currency-interchangeability-agreement-with-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.
 

shierwin

Senior Member
Dec 29, 2008
3,435
8
38
East Coast
#3
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
 

catchlights

Moderator
Staff member
Sep 27, 2004
21,903
46
48
Punggol, Singapore
www.foto-u.com
#4
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.
 

BBTM

Senior Member
Nov 23, 2004
2,211
6
38
BB West
#5
If cannot use but will we still able to get 1:1 or lesser? Check online, 1:1 for Brunei and Australia $.
 

richiemccaw1

Senior Member
Feb 21, 2013
3,103
27
48
Singapore
#7
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.
 

Berkins

Senior Member
Aug 29, 2010
2,105
1
0
#8
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
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:

donut88

Senior Member
Nov 14, 2008
2,182
5
0
#10
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.
 

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