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Preparing Money for your Trip to Singapore

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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.

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    Welcome to my website, Discover with Timothy Tye. I started it in 2003 to freely share information about places. Today it has close to thirty thousand pages. I have been writing this website full time since 1 November 2007, and continue to do so as a means to satisfy my curiosity about the world around me. I am happy if the information I have assembled is useful to you. Please follow me on Facebook!

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