Other than the Singapore Dollar, the US and Australian Dollars,
Yen and British Pound are also accepted in most major shopping
centres and big departmental stores.
The local currency is Singapore dollars 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.
Banking hours are Monday to Friday: 10 am to 3 pm, and Saturday:
9.30 am to 1 pm (some banks are open until 3 pm). Sunday, 9.30
am to 3 pm (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.
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.
OUB
Credit Card Tel:
1 800 224 2000 (toll-free in Singapore only)
Standard Chartered Visa Tel:
1 800 747 7000 (toll-free in Singapore only) UOB
Card Centre Tel:
1 800 253 6888 (toll-free in Singapore only)
Apart from banks and hotels, money can be changed wherever the
sign "Licensed Money Changer" is displayed. Most shopping
complexes have a licensed money changer. Visitors are
discouraged from changing money with unlicensed money changers.
Euro Banknotes
As of 1 January 2002, the euro banknotes have been introduced in
12 member states of the European Union (Belgium, Germany,
Greece, Spain, France, Ireland, Italy, Luxembourg, The
Netherlands, Austria, Portugal and Finland), replacing the 12
legacy national currencies.
If you still hold banknotes of the legacy national currencies,
these currencies may be exchanged at: the Changi Airport money
exchange counters (American Express Foreign Exchange Services
Tel:(65)6543 2708 and United Overseas Bank Tel:(65)6542 0388)and
most money changers.
However, a lower price may be quoted in view of the additional
cost incurred for redeeming the legacy national currencies at
the respective issuing central banks.
If you hold travellers cheques denominated in the legacy
national currencies, they can be encashed or exchanged at:
Travelex (S) Pte Ltd
Singapore Land Tower #01-02A/B Tel:(65)6535 0111
(for Thomas Cook Travellers Cheques only)
Please note that processing will take one month Changi
Airport - American Express Foreign Exchange Services Pte Ltd
Tel:(65)6543 2708 (for American Express Travellers Cheques
only)