The exchange rate between SGD and NZD can be quite volatile.
The SGD to NZD exchange rate is influenced by various economic factors, including the trade balance between Singapore and New Zealand.
The New Zealand dollar tends to appreciate when the country's economy is performing well, which can lead to a stronger NZD against the SGD.
The SGD to NZD exchange rate can also be affected by interest rate differentials between the two countries, with higher interest rates in New Zealand often leading to a stronger NZD.
Conversion
The conversion rate between SGD and NZD is crucial for anyone traveling or doing business between Singapore and New Zealand. The current conversion rate is approximately 1 SGD to 1.30605 NZD.
You can find the conversion rate chart in the article, which shows the historical rates and how they've changed over time. It's interesting to see how the rate has fluctuated in the past 30 and 90 days.
The high and low rates for the past 30 days are $1.3122 NZD and $1.2873 NZD respectively, with an average rate of $1.3038 NZD. The overall change in this period was +1.38%.
The conversion rate is also available in the form of a table, which shows the equivalent values in both SGD and NZD. For example, 1 SGD is equal to 1.30605 NZD, and 5 SGD is equal to 6.53025 NZD.
Here's a summary of the conversion rates:
These conversion rates are essential for anyone planning to travel or conduct business in either Singapore or New Zealand. Make sure to check the current rate before making any transactions.
History and Trends
The Singapore Dollar (SGD) to New Zealand Dollar (NZD) exchange rate has fluctuated over the past year, with the SGD becoming 7.23% stronger against the NZD.
In the past week, the exchange rate has been quite volatile, with a moderate risk of price changes. This means that there's a balance of potential gains and risks for investors.
Here's a breakdown of the exchange rate for 1,000 SGD over the past week:
As you can see, the exchange rate has been quite dynamic, with fluctuations of over 20 NZD in a single day.
History Graph
The history graph of the Singapore Dollar (SGD) to New Zealand Dollar (NZD) exchange rate is a fascinating topic. To view the full history, visit the SGD/NZD Exchange Rates History page.
The SGD/NZD rate has experienced moderate volatility of 9.43% over the past year, indicating a balance of potential gains and risks. This volatility means there's a moderate risk of price changes.
The graph shows that the SGD has become stronger against the NZD by 7.23% over the past year. To put this into perspective, on the same date last year, you needed 1,217 NZD for 1,000 SGD, but now you need 1,305 NZD.
Here's a 10-day history of the SGD to NZD exchange rate:
The highest SGD to NZD exchange rate in the last year was 1.3122 NZD per SGD on January 10, 2025.
10-Year Peak
The 10-Year Peak was a significant milestone in the exchange rate history between Singapore Dollars and New Zealand Dollars. On January 10, 2025, the highest rate was recorded with each Singapore Dollar worth 1.3122 New Zealand Dollars. This was a notable peak in the exchange rate over the last decade.
Currency Strength Comparison
The Singapore Dollar (SGD) is currently stronger than the New Zealand Dollar (NZD). This is because 1 SGD is equal to 1.305 NZD, making it a more valuable currency.
In fact, this means that if you exchange 1 SGD for NZD, you'll get 1.305 NZD. Conversely, if you exchange 1 NZD for SGD, you'll get 0.766 SGD.
Here's a quick comparison of the two currencies:
As you can see, the Singapore Dollar is the stronger currency, and it's worth more than the New Zealand Dollar. This is reflected in the exchange rates, where 1 SGD is worth more than 1 NZD.
To give you a better idea of the exchange rates, here are some examples of how much you'd get if you exchanged different amounts of SGD for NZD:
- 5 SGD = 6.525 NZD
- 10 SGD = 13.050 NZD
- 20 SGD = 26.100 NZD
Conversely, if you exchange different amounts of NZD for SGD, you'd get:
- 5 NZD = 3.831 SGD
- 10 NZD = 7.662 SGD
- 20 NZD = 15.325 SGD
Performance and Volatility
The SGD to NZD exchange rate has seen a significant shift over the past year, with the Singapore Dollar becoming 7.23% stronger against the New Zealand Dollar.
This change is reflected in the current exchange rate, where 1,000 Singapore Dollars now requires 1,305 New Zealand Dollars, up from 1,217 New Zealand Dollars on the same date last year.
The moderate volatility of 9.43% associated with this pair means there's a balance of potential gains and risks, making it essential to monitor the market closely.
Up or Down?
The Singapore Dollar has been on a wild ride against the New Zealand Dollar, and it's worth taking a closer look. Over the past 10 years, the Singapore Dollar has appreciated +26.69% against the New Zealand Dollar, which is a significant gain.
But what about the current situation? The Singapore Dollar has decreased -0.16% year-to-date against the New Zealand Dollar, indicating a slight downturn recently.
Let's take a look at the conversion rates to get a better understanding of the situation. Here's a table showing the current exchange rates:
As you can see, the exchange rates are quite favorable for the Singapore Dollar, with a conversion rate of 1 SGD to 1.30500 NZD. This means that if you exchange 1 Singapore Dollar, you'll get approximately 1.305 New Zealand Dollars.
Overall, the Singapore Dollar has shown significant growth against the New Zealand Dollar over the past decade, but it's had a slight decline recently.
Currency Performance and Volatility
The Singapore Dollar (SGD) has become stronger against the New Zealand Dollar (NZD) by 7.23% over the past year.
This change is reflected in the current conversion rate, where 1,000 SGD is equivalent to 1,305 NZD, up from 1,217 NZD on the same date last year.
The SGD/NZD pair has experienced moderate volatility of 9.43%, indicating a balance of potential gains and risks.
To give you a better idea, here's a breakdown of the conversion rates for different amounts of SGD and NZD:
These conversion rates can help you understand the current market trends and make informed decisions about your currency exchange transactions.
Understanding Currency: Tips
You can exchange SGD to NZD in person at a bank, currency exchange store, or airport. This is a straightforward way to get the job done.
Using a digital service to exchange currencies is a better option if you want a better exchange rate and to avoid waiting in line. Online currency exchange services are safe and easy to use.
To send payments internationally or hold and exchange multiple currencies, including SGD to NZD, consider using a digital service. These services are often more convenient than physical currency exchange stores.
Exchanging SGD to NZD in person can be a hassle, especially if you're not familiar with the process. But it's still a viable option if you prefer to deal with physical currency exchange stores.
Frequently Asked Questions
Is NZ dollar expected to rise?
The NZ dollar is expected to appreciate slightly over the next two years, with a projected increase in value against the US dollar. The exchange rate is forecast to rise from 0.5687 to 0.5741 over this period.
Is SGD higher than NZD?
In the last 30 days, SGD reached a 30-day high of 1.3082 against NZD, indicating a slight advantage. However, the 30-day average exchange rate was 1.2896, suggesting a relatively stable exchange.
Sources
- https://sgd.fxexchangerate.com/nzd/2000.0-currency-rates.html
- https://currencylive.com/exchange-rate/sgd-to-nzd-exchange-rate-today/
- https://www.exchange-rates.org/converter/sgd-nzd
- https://paracevirici.com/mobile/en/currency/convert/sgd-to-nzd
- https://nz.moneyexchangerate.org/currencyexchange/sgd/nzd/1
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