Trade AUD/SGD with Fondex
Thinking of trading AUD/SGD?
- 1. AUD to SGD exchange rates are influenced by a multitude of factors. It's best to just remember that, ultimately, exchange rates sum up the supply and demand of a currency in an easy to understand metric. 2. If history is anything to go by, if you exchanged 2000$, you would have taken almost $550SGD more than if you exchanged today in April 2019. 3. The Australian economy is heavily dependent on the trade in and out with China. One third of their exports go to China, so whenever the Chinese economy shows fragility, the AUD may fall in relation to other pairs, including the Canadian dollar. Subsequently, a strong Chinese economy will support the AUD.
Trading CFDs involves significant risk of loss