Exchange Rate Now!

While there are occasional tensions between Singapore and Malaysia, Singaporeans and Malaysians travel across the causeway frequently. For Singaporeans, they usually travel to Johor Bahru for shopping. Due to the low cost of living and favourable Sing$/Ringgit exchange rate, the purchases they make in Johor Bahru can often shave 50% of what they would had spent in Singapore.

Singapore Dollar to Malaysian Ringgit Exchange Rate

In recent times, there has also been more cases of Singaporeans residing in Johor Bahru due to the favourable exchange rates.

Malaysians are not so fortunate (more…)

Note: Please find the currency converter tool for US Dollar against the Singapore Dollar at the bottom of this post.

As recent as Mar 2008, US Dollar (USD) traded against the Singapore Dollar (SGD) at a 1.55 conversion rate (1 US Dollar = 1.55 Singapore Dollar). There has been a consistent drop since then and we are now in a stabilising period where the conversion rate now range around 1.45. This trend of band trading (Sing Dollar/US Dollar) is forecasted to continue till the end of FY2009.

Now, a little about the US Dollar. The U.S. dollar is the currency most used in international transactions. Although U.S. dollar (also known as the “Greenback”) is a fiat currency – declared legally tender by the US Government, several countries use it as their official currency, and in many others it is the de facto currency.

For Singaporeans studying overseas in U.S, this is good news since (more…)