Story perspectives

Australian Dollar Hits One-Year High, Fuels SG Policy Tightening

4/28/2026

Summary

Story summary

Australian dollar hit a one-year high, trading at 91.12 Singapore cents on April 24.
Bloomberg data show Aussie dollar rose 1.54 % in 2025 and 6.1 % in 2026, supported by commodity prices and expectations of a 4 % Reserve Bank of Australia rate.
The stronger Aussie dollar raises education and import costs, prompting Singapore monetary authority to tighten policy on April 14, with analysts projecting it could reach 0.95 per Singapore dollar by year-end.

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Story summary

Australian dollar hit a one-year high, trading at 91.12 Singapore cents on April 24.
Bloomberg data show Aussie dollar rose 1.54 % in 2025 and 6.1 % in 2026, supported by commodity prices and expectations of a 4 % Reserve Bank of Australia rate.
The stronger Aussie dollar raises education and import costs, prompting Singapore monetary authority to tighten policy on April 14, with analysts projecting it could reach 0.95 per Singapore dollar by year-end.