Everything you need to know
Singapore Currency
Travelling to or living in Singapore? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the GoCard in Singapore
Open a UK bank account with us and get a GoCard for smarter spending in Singapore. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
What is the currency in Singapore?
The official currency of Singapore is the Singapore dollar
The Singapore dollar replaced the Malaya and British Borneo dollar in 1967. It is issued by the Monetary Authority of Singapore.
SGD, $
Banknotes
$2
$5
$10
$50
$100
$1,000
$10,000
Coins
1
5
10
20
50 cents
$1
Popular Dollar pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in Singapore
Cards are widely accepted in supermarkets, restaurants, hotels, and shops. Cash is rarely used but still useful for small purchases and hawker centres. Mobile payments such as PayNow are increasingly common. ATMs are widely available.
Tips for exchanging money in Singapore
Exchange at banks or licensed money changers for fair rates.
Avoid airport kiosks.
Pay in SGD to avoid conversion fees.
Keep small notes for local transport, markets, and small vendors.
With TransferGo, you can send SGD to Singaporean accounts or use your GoCard for online spending and ATM withdrawals.
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Frequently asked questions
What is the official currency used in Singapore?
Singapore dollar (SGD).
What is the official currency used in Singapore?
Symbol: $ | Code: SGD
Can I use my home currency in Singapore?
Rarely; SGD is preferred.
How can I use my GoCard in Singapore?
Just activate it in the app and start spending—online or in stores.
Is it better to use cash or card when spending in Singapore?
Cards are widely accepted; cash for minor purchases.
Are credit or debit cards widely accepted in Singapore?
Yes, almost everywhere.
Are there ATMs available in Singapore, and are there withdrawal limits?
Yes, throughout the city; limits vary by bank.
Can I use a GoCard in Singapore?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.