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SINGAPORE (SGD) SINGAPORE DOLLAR
The Singapore Dollar is the official currency of Singapore. It has the
international currency code SGD and is represented by the dollar symbol ‘$’ or
‘S$’ to distinguish it from the other dollar using nations. It is divided into
100 cents.
Currently in circulation
Coins in circulation are in the denominations of 5, 10, 20, and 50 cents and $1.
1 cent coins are not issued anymore but are still legal tender. Banknotes are
available in the denominations of $2, $5, $10 and $50. Notes rarely used are $1,
$20, $100, $1000 and $10,000. $25 notes are commemorative and available in the
Orchid Series only. The Brunei dollar is also legal tender in Singapore.
Exchange facilities and traveller’s cheques
Foreign currencies, cheques and traveller’s cheques can be exchanged at most
banks and exchange bureaux. It is best to take traveller’s cheques in Pound
Sterling as it saves on additional exchange charges.
Using credit/debit cards
Major credit cards such as the American Express, Visa, Diners Club and
Mastercard are widely accepted. ATM’s are available in abundance throughout the
country.
Restrictions
There is no restriction as to the amount of local or foreign currency that you
can import or export out of Singapore.
Singapore: An overview
Singapore is a vibrant potpourri of culture, cuisine, arts and architecture. It
has a unique blend of people from different cultures living together in one
small but beautiful country. It is their extravagant shopping malls that have
made Singapore a favourite shopper’s paradise. Food is an obsession with the
people and you will find not only the most stylish bars and restaurants but
street hawkers too. People can be seen at pubs and restaurants until the wee
hours of the morning. Apart from shopping and dining there are other interesting
things to do such as visiting the Underwater World, Bukit Timah Nature Reserve
and many more attractions.
The cost of living in Singapore is reasonably lower than the European countries
but it also depends on the kind of lifestyle that one lives. An average cost of
a hotel room in Singapore would be around SGD80/$53/£38 while a three-course
meal would cost SGD100/$66/£47.
