Convert NZD to SGD Exchange Rate

The lowdown on the Singapore dollar

Economical Influences on the Singapore dollar Exchange Rate

With roots tracing back to the Spanish dollar, the Singapore dollar has evolved into a currency all of its own. These days it’s usually written as S$ to differentiate it from all other dollar currencies out there.

Between 1845 and 1939 Singapore used the Straits dollar, a currency used across a group of British territories in Southeast Asia known as the Straits Settlements. This was replaced in 1953 by the Malayan dollar before again being replaced by the Malaya and British Borneo dollar. In 1965, Singapore sought independence from Malaysia, putting an end to the common currency used between Malaysia, Singapore and Brunei.

On 7 April 1967, Singapore established the Board of Commissioners of Currency and issued the first independent SGD notes and coins. Until 1973, you could still exchange Malaysian ringgit with the Singapore dollar at the same rate.

Singapore dollar Historical Exchange Rate

There have been frequent fluctuations between the NZD and the SGD over the past 5 years, particularly between early 2014 and mid-2015.¹

Back at the end of June 2014 the NZD was converting to around 1.09 SGD, however only a few months later on 8 October 2014 that figure had dropped to 0.99640 SGD.¹

The Singapore dollar strengthened against the New Zealand dollar over the following months, and by 19 July 2015 1 NZD was converting to 0.89215 SGD.¹.

By late March 2016 the NZD was converting to around 0.91 SGD and around a year later on 29 January 2017 the NZD had gained on the SGD to equal around 1.04064 SGD per 1 NZD.¹

The Singapore dollar began to strengthen against the New Zealand dollar, finishing 2017 with an exchange rate of 0.92611 SGD per NZD as of 6 December.¹

There were minor fluctuations over the next 12 months, with the NZD trading at around 0.90 SGD on 15 August 2018 and by 24 December 2018 1 NZD was converting to around 0.92 SGD.¹

Learn more about the SGD before you travel to Indonesia and create a currency rate alert so we can notify you when it hits the rate you want.

^Sources:

^{1. https://www.xe.com/currencycharts/?from=NZD&to=SGD&view=5Y}

^{Based on mid-market rates as of 24 December 2018.}