SGD Exchange Rate
The Singapore Dollar was introduced in 1967 and is the official currency of Singapore as well as Brunei. Currency notes of SGD are available in the following denominations – 2, 5, 10, 20, 25, 50, 100 and 1000, however the 20, 25 and 1000 denominations are rarely found in circulation. As Number of Indians have settled in Singapore or are working as expats there and because of which Singapore Dollar is fairly popular currency in India. The XE.com currency rankings show that the most popular SGD exchange rate is the INR to SGD rate. The currency code for Dollars is SGD, and the currency symbol is $. The Singapore Dollar is commonly used in international foreign exchange transactions, and contributed 1.4%* of the global foreign exchange market turnover as recently as 2013, making it the 15th most-traded currency in the world. If you are returning from your Singapore tour and are left with any surplus amounts of the Singapore Dollars, exchange SGD to Rupee online at the best SGD rates with BookMyForex.com
In India, Singapore Dollars can be purchased in the form of currency notes and forex cards. It is also possible to make remittances to Singapore from India by either purchasing SGD demand drafts or by making a SGD wire transfer. Despite of its popularity getting a good SGD Exchange rate wasn’t easy a decade ago, as the currency market in India wasn’t transparent and fluctuated a lot. BookMyForex revolutionized the forex market in India by breaking myths such as “CAD Exchange Rate Today” in order to provide perfect transparency and exception value to our customers. This concept, however, is inherently flawed since the SGD exchange rate varies as per the global demand and supply which is inherent in intra-day currency trading. There simply is no such thing such as a constant “SGD Rate Today” Most currency exchange companies pad on large margins to these “today’s Exchange SGD rates” that they publish. This way they are able to protect themselves from the fluctuations in forex rates throughout the day. With our strong technology infrastructure and our excellent tie ups, we’re able to provide our customers with perfectly live and transparent SGD rates.
With BookMyForex providing best and ‘live’ rates, you can effortlessly convert Indian Rupees to Singapore Dollars at best SGD Exchange Rate or vice versa in India. It has notes in denominations of $2, $5, $10, $20, $25, $50, $100, $500, $1000 and $10,000 available for purchase in India. The currency notes feature artworks depicting the first President of Singapore, as well as features of civic virtue.
BookMyForex not only will get you the best SGD Conversion Rate but we also deliver the currency to your doorstep or you can collect it from one of our 650+ branches and channel partners in India.