Currency Rate Singapore Dollar to USD
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The Singapore Dollar (SGD), symbolized as $, is the official currency of Singapore.
Buying rate
SGD 0.701957
Selling rate
SGD0.783292
The Singapore Dollar (SGD), symbolized as $, serves as the official currency of Singapore, facilitating all domestic financial transactions and embodying the nation's economic identity.
Currency Details:
Symbol: S$ or SGD
ISO Code: SGD
Subunits: 1 Dollar = 100 cents
Banknotes and Coins
The Singapore Dollar is available in both coins and banknotes:
Coins:
Coins are available in denominations of
1
5
10
20
50 cents
1 dollar.
Banknotes:
Current banknotes in circulation:
2 dollars
5 dollars
10 dollars
50 dollars
100 dollars
1000 dollars
The banknotes and coins of the Singapore Dollar feature various cultural icons, landmarks, and historical figures of Singapore.
History and Background
The Singapore Dollar has been the official currency of Singapore since 1967, following the country's independence from Malaysia. It is managed and issued by the Monetary Authority of Singapore (MAS).
Economic Significance
The SGD is crucial to Singapore's economy, facilitating trade, investment, and daily transactions. Singapore's economy is primarily driven by finance, trade, electronics manufacturing, and biotechnology.
Usage and Exchange
The Singapore Dollar is widely accepted across Singapore for all transactions. For international visitors and expatriates, exchanging foreign currency for Singapore Dollar can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Singapore Dollar is more than just a currency; it is a symbol of Singapore's economic success, cultural diversity, and global connectivity. Understanding the SGD is essential for anyone engaging with Singapore's economy, whether as a resident or a visitor. The stability and accessibility of the Singapore Dollar play a significant role in the country's economic growth and development.
Currency Details:
Symbol: S$ or SGD
ISO Code: SGD
Subunits: 1 Dollar = 100 cents
Banknotes and Coins
The Singapore Dollar is available in both coins and banknotes:
Coins:
Coins are available in denominations of
1
5
10
20
50 cents
1 dollar.
Banknotes:
Current banknotes in circulation:
2 dollars
5 dollars
10 dollars
50 dollars
100 dollars
1000 dollars
The banknotes and coins of the Singapore Dollar feature various cultural icons, landmarks, and historical figures of Singapore.
History and Background
The Singapore Dollar has been the official currency of Singapore since 1967, following the country's independence from Malaysia. It is managed and issued by the Monetary Authority of Singapore (MAS).
Economic Significance
The SGD is crucial to Singapore's economy, facilitating trade, investment, and daily transactions. Singapore's economy is primarily driven by finance, trade, electronics manufacturing, and biotechnology.
Usage and Exchange
The Singapore Dollar is widely accepted across Singapore for all transactions. For international visitors and expatriates, exchanging foreign currency for Singapore Dollar can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Singapore Dollar is more than just a currency; it is a symbol of Singapore's economic success, cultural diversity, and global connectivity. Understanding the SGD is essential for anyone engaging with Singapore's economy, whether as a resident or a visitor. The stability and accessibility of the Singapore Dollar play a significant role in the country's economic growth and development.