The currency of Singapore is Singapore Dollar (SGD, S$). The sub-currency is cent. The commonly used S$ banknotes are 2, 5, 10, 20, 50, 100 and 1,000. The S$ 10,000 note is rarelyin day-today transactions. S$1 is available in the coin form, as are the 10, 20 and the 50 cents.
There are foreign exchange counters at the international airports of Singapore as well as in major banks that convert other currency into Singapore dollars. While some banks may charge a commission for currency exchange, most moneychangers and hotels don’t.
Major banks like Standard Chartered, HSBC and Citibank have offices in Singapore and ATMs of these banks are also available. Banking Hours in Singapore are from 9.30 am to 3.00 pm. There are about 140 commercial banks in Singapore and also about 80 merchant banks. There are almost 500 ATMs scattered in Singapore.
Major credit cards like Visa and MasterCard are widely accepted. Although USD and the Euro might be accepted at stores selling wares of international brands, it is better not to use such currencies in other commercial establishments as the exchange rate provided by these establishments isnot good.
Travellers’ cheques can be encashed at major banks and at the offices of reputed travel agents upon presentation of valid passport.
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