What is the Exchange Rate for Singapore Currency? Where to Exchange Money in Singapore?
You plan to travel to Singapore but don’t know how much Singaporean currency is in Vietnamese currency to balance the costs of your upcoming trip. Don’t miss the summary article below about Singapore money and good experiences in planning a self-sufficient trip to Singapore
1. Exchange Rates and Denominations of Singapore Currency
Singapore Dollar is the official currency of Singapore. Symbolized S$ code SGD. Below is basic information about the Singapore currency
1.1 Singapore currency exchange rate (Singapore Dollar)
1 Singapore dollar is equal to how much Vietnamese dong? How does it compare to USD? The exchange rate of Singapore money changes from time to time and period, and will change when supply and demand change. The commonly applied Singapore dollar exchange rate currently in 2020 is 1 SGD equal to about 17,000 VND, meaning 17,000 VND can be exchanged for 1 Singapore dollar.
Below is the conversion table of Singapore dollars to Vietnamese Dong
| Conversion | Sang | Result |
| 1SGD | VND | 16,790VND |
| 100SGD | VND | 1,679,000 VND |
| 10,000SGD | VND | 167,906,000 VND |
Below is the conversion table of Singapore dollars to US dollars
| Conversion | Sang | Result |
| 1SGD | USD | 0.722USD |
| 100SGD | USD | 72.17USD |
| 10,000SGD | USD | 7,217.49USD |
1.2 What currencies are currently circulating in Singapore and what denominations are they?
In Singapore, the government allows local people to use two types of money: coins and banknotes.
- Singapore banknotes are the most popular and widely used. Unlike Vietnam, Singapore has very large denomination notes, up to 10,000 Singapore dollars. The list of Singapore currency denominations is as follows: S$2 – S$5 – S$10 –S$50 – S$100 –S$1,000 – S$10,000 (S$20, S$25, S$500 denominations have been removed since 1999 The interesting feature of these bills is that they always print the image of Singapore’s first president, Yusof Bin Ishak, on the front, and citizen welfare on the back.
- Singapore coins are used in smaller denominations such as: 5 cents, 10 cents, 20 cents, 50 cents, 100 cents (= S$1) This money is commonly used in purchases at vending machines, trains and some other utility services.
2. 1 Singapore Dollar Coin: National Guard Mascot – The inseparable object of the people of the Lion Island
If you once travel to Singapore, surely every tourist will realize that this country possesses the most modern public transportation system in the world, fully controlled automatically. Prominent among them, the MRT (Abbreviation for Mass Rapid Transport) is considered the lifeline, the most efficient, the most famous, the most used, and can take tourists and residents everywhere. of the country
However, not everyone knows that 30 years ago, the construction of the subway system encountered countless problems, most of which were inexplicable stories and phenomena, making construction difficult. The work stalled and could not be completed. Faced with that situation, famous feng shui expert Hong Chuan pointed out that digging tunnels to build electric trains has completely destroyed the ley line, greatly affecting the nation’s destiny. The measure he proposed was that all people must carry round, octagonal objects to neutralize negative elements.
But how to get everyone to follow? Not everyone believes in feng shui. The solution that the government, specifically the Prime Minister at that time, Mr. Lee Kuan Yew, proposed was to issue a 1 Singapore Dollar coin, engraved with an octagon surrounding an orchid (Orchids are the symbol of Singapore). Then put this currency into widespread use in all services. Later versions of the 1 Singapore dollar coin have much more elaborate patterns, but still retain the octagonal frame like the first version.
Immediately after its release, this currency not only received the support of all people, but also made the construction of tram projects and many other policies go extremely smoothly.oops. Since then, in the minds of Singaporeans, the $1 coin has been considered a symbol of luck, a protective mascot, and an inseparable object.
Nowadays, in addition to famous amusement parks, exploring the MRT subway experience is enjoyed by many tourists, many companies even organize tours to experience the Singapore subway system.
***Pro tip: Book a Singapore tour departing from Hanoi with Bestour, visitors can You can be guided by a tour guide to explore Singapore MRT (at your own expense). Singapore tour details HERE
3. Where to exchange Singapore money
Where to exchange Singapore currency is always of special interest to tourists in terms of exchange rate and convenience. When traveling to Singapore, should I exchange money in Vietnam or in Singapore?
The Singapore government only accepts circulation of their country’s currency and some other strong foreign currencies such as: US Dollar (USD), Australian (AUD), Thai Baht (BTH),… And always remember: If you are in Singapore, you cannot use Vietnam Dong to exchange for Singapore currency at foreign exchange counters in this country. Therefore, the best way is to exchange one Singaporean currency right from Vietnam. Or change to USD, and use USD to convert to SGD in Singapore. However, please note that this option is not the most optimal due to losing 2 times the buying/selling fee for 2 foreign currencies.
According to Singapore travel experience, you should bring an international credit card and some USD for your room in case the exchangeable SGD runs out. Besides, each person traveling to Singapore cannot carry more than 7,000 USD to convert to other foreign currency. To limit the need to carry too much cash when traveling. Please use pre-payment services such as hotels and tickets to visit Singapore in Vietnam in advance to limit risks.
Where to exchange money in Singapore with the best exchange rate in Vietnam?
There are many places to exchange foreign currency, the most popular are still at banks, gold shops and foreign exchange counters. Each form has its own advantages and disadvantages.
3.1 Exchange Singapore currency at the Bank
Banks are places where you can buy and sell any foreign currency, but the procedures are quite complicated and the working hours are during business hours. Require the person exchanging foreign currency to have a clear purpose such as traveling to Singapore, needing to bring a passport, plane ticket, etc. and a certain amount of SGD within a certain limit. If you intend to exchange Singapore currency in large amounts, you should go to large branches to make sure they have enough foreign currency reserves
3.2 Exchange Singapore Currency at the Currency Exchange Counter
This is the most popular place for foreign currency transactions, purchases, and conversions, with better exchange rates than banks. The purchase and sale transactions take place quickly and are absolutely safe. If in Hanoi, Ha Trung street is a famous and prestigious spot, some addresses for you to refer to are as follows:
- Thinh Quang 1: 33 Ha Trung, Hanoi
- Chinh Quang 30 Ha Trung, Hanoi
- Kim Linh 3 47 Ha Trung, Hanoi
- Quoc Trinh 27-29 Ha Trung, Hanoi
If you are in Ho Chi Minh, I would also like to share some reputable addresses:
- Kim Mai Gold Shop: 84C Cong Quynh, District 1, HCMC
- Kim Hoang Saigon Center: 40-42 Phan Boi Chau, HCMC
- Minh Thu: No. 12 Le Loi, District 1, HCMC
- Vang Mai Van, No. 1A Nguyen An Ninh, District 1, HCMC
4. Experience exchanging USD in Singapore
In case you haven’t had time to exchange money in Vietnam, you can use USD to exchange Singapore currency. Based on my experience traveling to Singapore, I will share the do’s and don’ts when exchanging money in Singapore
You should exchange a little at a time, and exchange it many times at many different locations. To avoid risks and possibly find many places to exchange money with better rates during your trip to Singapore.
- If you exchange money in Little India, the exchange rate will be better than other areas, the highest exchange rate is at the money exchange counters in Orchard.
- You should exchange money early to have many options, because typically Singapore money exchange counters will close from 9:00 pm.
- Do not exchange money at the airport because the exchange rate is the lowest
- Do not use US dollars to shop in Singapore, because when you receive change back, the exchange rate will be very low.
5. How much money do you need to bring to Singapore?
It will be difficult to answer this question, however, in general, Singapore is an expensive country. To get an overview, Bestour will provide information about the prices of essential items, as well as the prices of attractions so you have more basis to determine the budget for your trip.
5.1 Price list of some items essential in Singapore
| Item in Singapore | Price |
| Eat at a popular restaurant | 13S$/person |
| Eat at a luxury restaurant (3 courses, no drinks) | 60S$/person |
| Eat at McDonald’s | 8S$/Combo |
| Local beer (500ml bottle) | 12S$/Bottle (Can) |
| Imported beer (330ml bottle) | 12S$/Bottle (Can) |
| Coke/Pepsi (330ml Can) | 2S$/Can |
| Filtered water (330ml bottle) | 1S$/Bottle) |
| Cigarettes (Marlboro) | 15S$/Bao |
| Taxi – Opening price | First 4S$/km |
| Tax- go the next distance | 1S$/km |
| Car cover | 18S$/Hour |
5.2 Price list of sightseeing tickets at some famous tourist destinations
| Location | Adult price | Children price |
| Water World Park | 23S$ | 15S$ |
| Tiger Observatory | 12S$ | 8S$ |
| Butterfly Park and Insect Kingdom | 16S$ | 10S$ |
| Siloso Fortress | 8S$ | 5S$ |
| Sea Lion statue and MERLION WALK walkway | 8S$ | 5S$ |
| Singapore Image Museum | 10S$ | 7S$ |
| Water music performance | 10S$ | 10S$ |
| Flyer Spin | 33S$ | 21S$ |
| Jurong Bird Park | 28S$ | 18S$ |
| Night Safari | 35S$ | 23S$ |
| Garden by the bay | 28S$ | 28S$ |
Hopefully this sharing article is useful for those of you who are planning to travel to Singapore and know how to calculate necessary expenses such as airfare to Singapore, hotels, meals, and entertainment in the island nation. beautiful prince
