Foreign-exchange-rates

The Singapore Dollar is the currency of Singapore. Our currency rankings show that the most popular Singapore Dollar exchange rate is the INR to SGD rate. Below, you'll find Singapore Dollar rates and a currency converter.

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Monetary Authority of Singapore Website: Currencies of Singapore Prior to Colonization As early as the 8th century AD, Chinese merchants introduced the first documented currency of the Malay Peninsula. Since there was no official currency at the time, Singapore's merchants usually used Spanish and Mexican Dollars.

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Paper money began to appear in the peninsula in the 18th and 19th centuries, issued by private banks such as the Asiatic Banking Corporation, the Chartered Mercantile Bank of India, and The Shanghai Banking Corporation. Singapore's Currency as a Colony As a British colony, Singapore began using the Straits Dollar in The Straits Dollar was the colony's official currency for nearly a century until it was replaced san miguel corp stock market the Malayan Dollar inwith a brief discontinuation during the Japanese occupation.

Inthe Malayan Dollar was replaced by the Malaya and British Borneo Dollar.

Currency of Independent Singapore Singapore became an independent sg forex rates known as the Republic of Singapore in The new country established the Board of Commissioners of Currency, which introduced the Singapore Dollar, with the first banknote series issued in These notes were known as 'Orchid' notes and were exchangeable with the Malaysian Dollar at par until The currency was initially pegged to the British Pound at a rate of 60 SGD to 7 GBP. The currency re-pegged to the US Dollar and then to a weighted basket of currencies.

SGD - Singapore Dollar rates, news, and tools

Insg forex rates Singapore Dollar adopted a market oriented approach and was allowed to float, although it was still options futures trading simulator monitored. Inthe Board of Commissioners of Currency was disbanded, and the functions of the board were given to the Monetary Authority of Singapore.

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XE Currency Converter More currencies. Why are you interested in the SGD? Singapore Dollar History Currencies of Singapore Prior to Colonization As early as the 8th century AD, Chinese merchants introduced the first documented currency of the Malay Peninsula.

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