Currency Rate
Singapore Dollar to USD
Our Currency Rate SGD latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the SGD. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
SGD 0.717592
Selling rate
SGD0.800739
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The Singapore Dollar (SGD), symbolized as $, is the official currency of Singapore.
Currency Details
- Country code SG
- Symbol SGD
- ISO Code SGD
- Subunits 1 Dollar = 100 Cents
Coins
- 5 cents
- 10 cents
- 20 cents
- 50 cents
- 1 dollar
Banknotes
- 2 dollars
- 5 dollars
- 10 dollars
- 50 dollars
- 100 dollars
- 1000 dollars
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.
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.
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.