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Money and Costs

Help File
Currency

The local currency is the Singapore Dollar (SGD / S$) and cents.

Notes come in denominations of SGD 2, SGD 5, SGD 10, SGD 20, SGD 50, SGD 100, SGD 500, SGD 1,000 and SGD 10,000.

Coins come in denominations of 1, 5, 10, 20 and 50 cents and SGD 1.

Other than the Singapore Dollar, the US and Australian Dollars, the Japanese Yen and British Pound as well as Euros, are also accepted in most major shopping centres and big departmental stores.

Exchanging Money

Banking hours are Monday to Friday: 10 am - 3pm, and Saturday: 9.30am - 1pm (some banks are open until 3pm). Sunday: 9.30am - 3pm (some banks in Orchard Road).

Most banks handle travellers' cheques and change foreign currencies. However, some banks do not have foreign exchange dealings on Saturday. Passports are required when cashing travellers' cheques. A nominal commission may be charged.

Money can be changed, apart from banks and hotels, wherever the sign "Licensed Money Changer" is displayed. Most shopping centres have at least one licensed money changer. Visitors are discouraged from changing money with unlicensed money changers.

Exchange rates of some currencies

AUD 1 = SGD 1.25

EUR 1 = SGD 2.13

GBP 1 = SGD 3.06

JPY 100 = SGD 1.58

USD 1 = SGD 1.63 (correct as of 25 Jan 05)

Credit Cards

Major cards are widely accepted by establishments in Singapore. Should any shop insist on adding a surcharge, contact the respective card company to report the errant shop-owner.

American Express
(65) 6880 1111

Diners Card
(65) 6416 0800

JCB
(65) 6734 0096

MasterCard
800 - 110 0113 (toll-free in Singapore only)

Visa
800 - 448 1250 (toll-free in Singapore only)

Tipping

Tipping is not encouraged as most hotels and restaurants in Singapore already levy a 10% service charge on customers' bills. Tipping is not a way of life in Singapore and is prohibited at the airport.

Bargaining

No bargaining in the shopping malls. You may try at the smaller shops in the housing estates/ neighbourhoods but we won't guarantee you will succeed.

Costs

McDonalds Value Meal - S$ 6
Taxi from Airport to City - S$ 15-25 depending on time and traffic
EZ-link stored-value card (for use on buses and MRT) - S$15 (S$10 value, S$5 deposit)
...



Edited byooo on 08.07.2006 nisa2105 on 26.01.2005 nisa2105 on 25.01.2005 nisa2105 on 18.08.2004 azurelite on 17.06.2004

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