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.
Dear visitor, thank you so much for reading this page. My name is Timothy Tye and my hobby is to find out about places, write about them and share the information with you on this website. I have been writing this site since 5 January 2003. Originally (from 2003 until 2009, the site was called AsiaExplorers. I changed the name to Penang Travel Tips in 2009, even though I describe more than just Penang but everywhere I go (I often need to tell people that "Penang Travel Tips" is not just information about Penang, but information written in Penang), especially places in Malaysia and Singapore, and in all the years since 2003, I have described over 20,000 places.
While I try my best to provide you information as accurate as I can get it to be, I do apologize for any errors and for outdated information which I am unaware. Nevertheless, I hope that what I have described here will be useful to you.