NZD/SGD Exchange Rate Today — Live Chart and Analysis

NZD/SGD is an exchange rate that specifies how many SGD(Singapore Dollar) can be converted into one NZD(New Zealand Dollars), therefore the base currency is NZD and the price currency is SGD. If this rate declines, it means that SGD appreciates relative to NZD and if this rate increases it means that the SGD depreciates against the NZD. There are many macroeconomic factors/events (fundamentals) that affect NZD/SGD exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. Regarding the trade relationship between New Zealand and Singapore, the latter imports 2.1% of New Zealand’s total exports, whereas New Zealand imports 0.5% of Singapore's total exports. The largest component of New Zealand’s exports are dairy products, eggs and honey whereas Singapore’s largest export components are electricals and electronic equipment. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.