The very fact that Singapore has grown to be the financial hub of South East Asia increases the importance of Singapore Currency. Referred to as the 'Economic Tiger',
Singapore is one of the most developed economies of the world. The Singapore Dollar or the SDG is the Singapore Currency and the symbols used for representing the Singapore Currency are S$, and SGD$. This helps in distinguishing the Singapore Currency from the other Dollar denominated currencies. The Exchange value of the Singapore Currency is 1 Singapore Dollar = 0.657635 U.S. Dollars. The exchange rate for the Singapore Currency was last updated on July 6th of the year 2007.
The
Singapore Currency is a freely convertible Currency and the floating of the Singapore Dollar is regulated by the demand in the Foreign Exchange market. However this flow of the Singapore Currency is well monitored by the Monetary Authority of Singapore. Today, the Brunei dollar is pegged to the Singapore dollar at a 1:1 rate and the Currencies of one country is accepted as "customary tender", but not legal tender, in the other Country.
The Singapore Currency involves both Coins and Notes and the Singapore Currency is divided into 100 Cents. In the Singapore Currency the denominations of Notes include:
- SDG $1
- SDG $2
- SDG $5
- SDG $10
- SDG $20
- SDG $25
- SDG $50
- SDG $100
- SDG $500
- SDG $1000
- SDG $10000
Singapore Currency also involves a decent amount of coin circulations and the amounts that are circulated in coins in the Singapore Currency include:
- 1cent
- 5 cents
- 10 cents
- 20 cents
- 50 cents
- $1
- $5
