The currency of Singapore is the Singapore Dollar (SGD), with note denominations of $2, $5, $10, $50, $100, $500, and $1000. Coinage is incremented in values of 5¢, 10¢, 20¢, 50¢, and $1.

Credit Cards are widely used and accepted in Singapore hotels, retail and service outlets and ATM machines are everywhere, with many conveniently placed in shopping centres and MRT stations. Major foreign currencies and traveller’s cheques are also accepted by many businesses.

Consistent with its status as a major successful economy, banks in Singapore are everywhere, and most major banks from other countries have a presence. Traveller’s cheques in any major currency can be traded, but are subject to a charge.  

Moneychangers, which can be found all over the city, often offer a better rate of exchange on both cash and Traveller’s cheques than banks, and can deal in many currency combinations, particularly useful for overland travellers needing to convert Indonesian currency to Malaysian or Thai, for example.