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Restricting cookies will prevent you benefiting from some of the functionality of our website. Download our Mobile Apps Currency Converter App Forex Trade App. Overview The Singapore Dollar is the currency of the island state of Singapore.

Singapore Dollar coins circulate in denominations of 1, 5, 10, 20 and 50 cents and 1 Dollar. Real GDP growth is strong. It contracted slightly in because of the global financial crisis, but has since rebounded on the strength of renewed exports.

History Singapore used the Straits Dollar from and It was replaced by the Malayan Dollar, which in turn was replaced by the Malaya and British Borneo Dollar in Singapore used this common currency until the monetary union between Malaysia, Singapore and Brunei broke down in Singapore became independent inand issued its first coins and notes on April 7, The Singapore dollar remained at par with the Malaysian Ringgit until Singapore pegged its dollar to British Pound Sterling until the early s, then to the US Dollar for a short period of time.

From toSingapore pegged its currency against a fixed and undisclosed trade-weighted basket of currencies, reflecting its diversified trade links. From onwards, the Singapore Dollar has floated within an undisclosed bandwidth, closely monitored by the Monetary Authority of Singapore MAS to guard against imported inflation and ensure that Singapore's exports remain competitive.

Symbols and Names Symbols: Central Bank Monetary Authority of Singapore. Countries Using This Currency Singapore Brunei. Currencies Pegged To SGD: Brunei Dollar at par.

Find Other Currencies Brunei Dollar BND Indonesian Rupiah IDR Malaysian Ringgit MYR Philippine Peso PHP Thai Baht THB Currency Facts Home. Losses can exceed investment.