Singapore Dollar (SGD) - Profile, History, and Exchange Information

Singapore Dollar

The Singapore Dollar is a key currency in Southeast Asia and is widely recognized for its stability and strength. Singapore is a major financial hub, with a robust economy driven by trade, banking, and technology. As a freely floating currency, the SGD’s value is influenced by Singapore’s economic policies, global trade, and foreign investment.

The Monetary Authority of Singapore (MAS) actively manages the exchange rate rather than setting fixed interest rates, making the SGD a managed currency that supports economic growth and stability. The Singapore Dollar is also accepted in Brunei due to a currency agreement between the two countries.

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Importance of the Singapore Dollar

About Singapore Dollar

The Singapore Dollar was introduced in 1967, replacing the Malaya and British Borneo Dollar after Singapore became independent. Initially, it was pegged to the British Pound and later to the US Dollar, but in 1973, Singapore adopted a floating exchange rate system to align with global market trends.

Over the decades, the SGD has strengthened, reflecting Singapore’s economic success and strong financial policies. Today, it is one of the most trusted and actively traded currencies in the world.

Singapore Dollar Stats
Name	Singapore Dollar
Symbol	$
Code	SGD
Minor Unit	1/100 = Cent
Top SGD Conversion	Top SGD Conversion

Singapore Dollar Profile

Nicknames

Sing Dollar

Coins

Freq used: S¢5, S¢10, S¢20, S¢50, $1

Rarely used: S¢1

Bank notes

Freq used: $2, $5, $10, $50

Rarely used: $1, $20, $25, $100, $500, $1000, $10000

Central bank

Monetary Authority of Singapore