Singapore - Money
Currency & Money
Singapore Dollar (SGD; symbol S$) = 100 cents. Notes are in denominations of S$10,000, 1,000, 500, 100, 50, 10, 5 and 2. Coins are in denominations of S$1, and 50, 20, 10, 5 and 1 cents.
The currency of Brunei is also legal tender, although coins may not be accepted; 1 Brunei Dollar = 1 Singapore Dollar.
US Dollars, Australian Dollars, Yen and Pounds Sterling are also accepted at many major shopping centres in Singapore.
American Express, Diners Club, MasterCard and Visa are widely accepted, although cheaper eateries are likely to accept only cash.
To avoid additional exchange rate charges, travellers from the UK are advised to take traveller's cheques in Pounds Sterling. A passport is required when cashing traveller's cheques.
Mon-Fri 0930-1500, Sat 0930-1230 (some are open later). Branches of certain major banks on Orchard Road open Sun 0930-1500.
There is no limit to the import and export of local or foreign currency, but amounts exceeding S$20,000 (or equivalent) should be declared on arrival.
Foreign currencies, traveller's cheques and cheques can be changed at most banks and licensed money changers, the latter generally offering slightly better rates. They can be found throughout the city, particularly on Orchard Road and in Little India. Some banks do not offer this service on Saturdays.
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