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Singapore dollar facts for kids

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Singapore dollar
SGD 50
SGD 50
ISO 4217 Code SGD
User(s)  Singapore
 Brunei (alongside the Brunei dollar)
Inflation 0.6 % at January 2017
Pegged by Brunei dollar at par
Subunit
1/100 cent
Symbol S$ or $
Nickname Sing-dollar, Sing
Coins
Freq. used 5, 10, 20, 50 cents, $1
Rarely used 1 cent, $5, $10
Banknotes
Freq. used $2, $5, $10, $50, $100, $1,000
Rarely used $1, $20, $25, $500, $10,000

The Singapore Dollar is the official currency or money of Singapore. The symbol of the Singapore Dollar when written is ($). 1 Singapore Dollar is divided into 100 cents. There are 2, 5, 10, 50, 100, 1000 and 10,000 dollars notes and 5c, 10c, 20c, 50c, and $1 coins in use.

Ways of writing

  • $1 - means one dollar
  • S$ 1 - means one Singapore dollar
  • SGD 1 - means one Singapore dollar without the dollar sign (used most in foreign exchanges)

Usage

The Singapore Dollar can be used in Brunei due to the agreement between the Singapore government and the Brunei government. Both the Singapore Dollar (SGD) and the Brunei Dollar (BND) are accepted in stores of Singapore and Brunei.

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