The traditionally strong Australian dollar has finally gone down under, with travellers, students and property buyers among those who immediately stand to benefit.
At the start of last month, A$1 cost as much as S$1.27. Last Friday, it was about S$1.18, its lowest level since July 2010.
Ms Jennifer Tham, whose son Leroy Wan, 23, is a diploma-year student at Curtin College in Perth, said his school fees are now cheaper in Singdollar terms.
Ms Tham, 49, who sends her son about A$12,000 every six months for school fees, said the most recent payment cost her S$1,400 less than usual, as a result of the weaker Australian dollar.
"I will observe whether the Australian dollar continues to go down - if it does, I will take the opportunity to change more cash for him," said Ms Tham, who works at a local bank.
Earlier this year, the cost of a non-medical, four-year degree in Australia added up to S$272,338, based on an exchange rate of A$1 to S$1.27. Based on last Friday's exchange rate, the same degree will now cost about S$20,000 less.
If the Australian dollar falls to as low as A$1 to S$1.15 over the next few months as predicted by OCBC forex strategist Emmanuel Ng, the savings will rise to S$25,000.
Singaporeans vacationing in Australia during the June holidays are finding they have more to spend. At the start of May, a vacationer could get A$787 for every S$1,000. At last Friday's exchange rate, he would have got A$847.
For now, Australian tour prices - which can range from about S$1,800 for a five-day trip to Cairns to S$3,300 for an eight-day trip to Tasmania - have not come down.