Preparing Money for your Trip to Singapore

The currency used in Singapore is the Singapore dollar (SGD). Being a major trading centre, the country has many banks that accept currency from other countries. You can also buy Singapore dollars online ahead of your trip. The following are the latest rates for Singapore dollar in the last 24-hours.

Singapore banknotes are available in denominations of $1, $2, $5, $10, $20, $50, $100, $500, $10000 and $10,000. The $1 note has largely been replaced with the $1 coin. Coins come in denominations of 1, 5, 10, 20 and 50 cents. At the time of writing, US$1.00 = S$1.52.

Singapore Goods & Services Tax (GST)

This is imposed on most goods and services, which stands at 7%.

Travellers' Cheques

Travellers' Cheques can easily be encashed in most banks in Singapore. Shops may also take travellers cheques in lieu of cash after taking into consideration the conversion rate.

Credit Cards

Credit cards are accepted at most restaurants and upmarket stores. A surcharge of 2-4% is added for many purchases. To get in touch with the major credit card companies, call:

Visa: 1 800 345 1345

MasterCard: 800 1100 113

American Express: 6880 1111

Singapore Banking Hours

Banks are open from 10:00am to 3:00pm on weekdays, and 9:30am to 11:00am on Saturdays.

List of Sights in Singapore; back to Discover Singapore

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About this website

Hello and thanks for reading this page. My name is Timothy and my hobby is in describing places so that I can share the information with the general public. My website has become the go to site for a lot of people including students, teachers, journalists, etc. whenever they seek information on places, particularly those in Malaysia and Singapore. I have been doing this since 5 January 2003, for over twenty years already. You can read about me at Discover Timothy. By now I have compiled information on thousands of places, mostly in Peninsular Malaysia and Singapore, and I continue to add more almost every day. My goal is to describe every street in every town in Malaysia and Singapore.

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