Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 2

Singapore Dollar

Find Out!
The Singapore Dollar is the currency of
Singapore. Our currency rankings show that
the most popular Singapore Dollar exchange
rate is the INR to SGD rate. The currency
code for Dollars is SGD, and the currency
Flag of Singapore
symbol is $.

Currency Facts Banknotes

SGD Stats Freq. used

Name: Singapore Dollar $2, $5, $10, $50, $100, $500, $1000

Symbol: $ Cent: S¢ Rarely used $10,000

Minor Unit: Mint Singapore Mint

1/100 = Cent Website www.singaporemint.com

Central Bank Rate: 0.00

Top SGD Conversion: SINGAPORE


INR/SGD

Top SGD Chart:

INR/SGD Chart

SINGAPORE
Singapore, Singapore “Everything you need to know.”
050335
Overview

The Singapore Dollar is the currency of


the island state of Singapore. The currency is
issued and monitored by the Monetary
Authority of Singapore. All issued Singapore
Dollars in circulation are fully backed by
Singapore’s foreign reserves to maintain
public confidence.

Symbols and Names Everything you need to know…

Symbols: S$ Singapore used the Straits Dollar from


1845 and 1939. It was replaced by the
Nicknames: Sing Malayan Dollar, which in turn was replaced
by the Malaya and British Borneo Dollar in
ISO 4217 Code
1953. Singapore used this common currency
SGD until the monetary union between Malaysia,
Singapore and Brunei broke down in 1965.
Central Bank
Singapore became independent in 1963, and
Monetary Authority of Singapore issued its first coins and notes on April 7,
Highly urbanized Singapore ranks in 1967. The Singapore dollar remained at par
the world’s top five as a financial center, Currency Subunits
with the Malaysian Ringgit until 1973.
an oil refining center, a port, and for Cent = 1/100 of a Dollar
Singapore pegged its dollar to British Pound
number of US Dollar at par millionaire
Denominations Sterling until the early 1970s, then to the US
households per capita.
Dollar for a short period of time. From 1973
Bills: $2, $5, $10, $20, $25, $50, $100, $1,000, to 1985, Singapore pegged its currency
Singapore’s free-market economy
$10,000 against a fixed and undisclosed trade-
operates in an open and corruption-free
weighted basket of currencies, reflecting its
environment with stable prices and high Coins: 1, 5, 10, 20, 50 cents. $1, $5 diversified trade links.
per-capita GDP.
Countries Using This Currency: From 1985 onwards, the Singapore Dollar
Singapore’s economy depends heavily on
has floated within an undisclosed
exports, which include consumer  Singapore
bandwidth, closely monitored by the
electronics, information technology  Brunei
Monetary Authority of Singapore (MAS) to
products, pharmaceuticals, and financial
guard against imported inflation and ensure
services.
that Singapore's exports remain competitive.

You might also like