Singapore Dollar
Singapore Dollar
Currency Code
SGD
ISO 702
Symbol
SGD
Native: $
Decimal Digits
2
Rounding: 0
Countries
SG
Using this currency
Currency Units
Major Unit
Name: dollar
Symbol: $
Minor Unit
Name: cent
Symbol:
Value: 0.01
Banknotes
Frequently Used
$2$5$10$50$100
Rarely Used
$1000$10000
Coins
Frequently Used
5 cents10 cents20 cents50 cents$1
Plural Forms
English Plural
Singapore dollars
Native Plural
Singapore Dollars
Overview
The Singapore Dollar is the currency of Singapore, managed by the Monetary Authority of Singapore. It is one of Asia's most stable currencies and serves a highly developed financial center and trading hub.
Economy
- Singapore is a member of ASEAN, APEC, Commonwealth, Non-Aligned Movement.
- Main industries include: Electronics, Chemicals, Financial services, Oil drilling equipment, Petroleum refining, Rubber processing, Food processing, Ship repair, Offshore platform construction, Life sciences, Entrepôt trade.
- Singapore is part of the World Trade Organization.
- Imports are machinery, equipment, refined petroleum, chemicals, foodstuffs, consumer goods.
- Major exports include machinery, equipment, pharmaceuticals, chemicals, refined petroleum, electronics.
- GDP: $397.7 billion (2023 est.).
- GDP per capita: $65,233 (2023 est.).
- Unemployment rate: 3.0% (2023 est.).
- Inflation rate: 4.8% (2023 est.).
- Main trading partners: China, Malaysia, United States, Hong Kong, Indonesia, Japan.
- Trade agreements: ASEAN FTA, RCEP, CPTPP, USSFTA, Various bilateral agreements.
History
- Previous currencies used: Malaya and British Borneo dollar, Straits dollar.
- The Singapore dollar was introduced in 1967, replacing the Malaya and British Borneo dollar. It has been interchangeable with the Brunei dollar at par since introduction.
- 1967: SGD introduced, replacing Malaya and British Borneo dollar
- 1967: Currency interchangeability agreement with Brunei
- 1973: Monetary Authority of Singapore established
- 1981: Move to managed float
- 1997: Asian Financial Crisis - SGD remained stable
- 2020: COVID-19 pandemic economic response
- Exchange rate peg: Managed float against trade-weighted basket.
General Information
- ISO 4217 Code: SGD
- Symbols: SGD/$
- Currency Subunits: 100 cents
- Central Bank: Monetary Authority of Singapore
- Monetary Policy: Exchange rate-centered monetary policy using nominal effective exchange rate as intermediate target. Focus on price stability through exchange rate management.
- Bills: 2 SGD, 5 SGD, 10 SGD, 50 SGD, 100 SGD, 1000 SGD
- Coins: 5 cents, 10 cents, 20 cents, 50 cents, 1 dollar
- USD Exchange Rate: Variable (approximately 1.35 SGD per USD)
- Pegged To: None (Floating)
- Capital: Singapore
- Population: 6,014,723 (2023 est.)
- Area: 719 km²
- Languages: English (official), Mandarin (official), Malay (official and national), Tamil (official)
- Time Zones: UTC+8 (Singapore Standard Time)
- Government Type: Parliamentary republic
- Head of Government: President (head of state), Prime Minister (head of government)
- Independence: August 9, 1965 (from Malaysia)
- Ethnic Groups: Chinese 74.3%, Malay 13.5%, Indian 9%, Other 3.2%
- Religions: Buddhist 31.1%, Christian 18.9%, Muslim 15.6%, Taoist 8.8%, Hindu 5%, Other 0.6%, None 20%
- Literacy Rate: 97.3% (2018 est.)
- Transport: Changi Airport, excellent public transport (MRT), modern road network, major international port
- Communications: World-class telecommunications, 92% internet penetration, comprehensive 5G coverage
- Energy: Natural gas 95%, Solar 2%, Waste-to-energy 2%, Other 1%
- Countries Using This Currency: Singapore
- Data Sources: Central Bank: Monetary Authority of Singapore (mas.gov.sg), Economic Data: Department of Statistics Singapore, World Bank, IMF, Trade Data: Singapore Customs, Demographic Data: Department of Statistics Singapore, Geographic Data: Meteorological Service Singapore, Historical Data: Monetary Authority of Singapore archives
- Last Updated: 2025