Currency
Singapore Dollar (S$) = 100 cents. Notes are in denominations of S$10,000, 1000, 500, 100, 50, 20, 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; 1 Brunei Dollar = 1 Singapore Dollar.
Currency exchange
Foreign currencies, travellers cheques and cheques can be changed at most banks and licensed money changers. ATMs are also in operation.
Credit & debit cards
American Express, Diners Club, MasterCard and Visa are widely accepted. Check with your credit or debit card company for details of merchant acceptability and other facilities which may be available.
Travellers cheques
To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Pounds Sterling.
Currency restrictions
There is no restriction on the import and export of local or foreign currency.
Exchange rate indicators
The following figures are included as a guide to the movements of the Singapore Dollar against Sterling and the US Dollar:
| Date | May '04 | Aug '04 | Nov '04 | Feb '05 | | £1.00= | 3.03 | 3.15 | 3.10 | 3.09 | | $1.00= | 1.70 | 1.71 | 1.64 | 1.64 |
Banking hours
Mon-Fri 0930-1500, Sat 0930-1300. Branches of certain major banks on Orchard Road open Sun 0930-1500.
|