Singapore’s currency is the Singapore dollar (Sing dollar), S$ or SGD in international banking/trading, generally simply referred to as ‘dollar’ (so don’t be conned by some smart..s, it does not happen a lot but still).
The S$ can be traded freely and is relatively stable, check the current rate below.
Banks and money changers are plentiful and you can convert to and from any major and regional currency. There are banks at the airport and you can also change at the hotel when you arrive but money changers generally give you a better rate and have much longer opening hours than the banks.
Your Singapore bank account will be in S$ but most banks also offer foreign currency deposits with fixed terms of as short as 1 month so if you want to spread your risk there is no problem.
Transfers out of the country by Telegraphic Transfer (TT) are easy and quick, refer to our general banking section for more details, you can also check the S$ rate in the currency converter embedded in the banking section.
For details on notes and coins etc. check the monetary authorities website.
Do you need more info? Leave a message on our expat message board!
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