Course GBP(British Pound)-SGD(Singapore Dollar) for today
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The United Kingdom's central bank is the Bank of England. As the fourth most traded currency, the British Pound is the third most held reserve currency in the world. Common names for the British Pound include the Pound Sterling, Sterling, Quid, Cable, and Nicker.
- Central bank: The Bank of England
- The pound is the world’s oldest currency still in use and was the de facto global currency until WW II.
- The economy of Great Britain (or the United Kingdom) is the third largest in Europe, after Germany and France.
- Napoleon famously called the UK “a nation of shopkeepers”. Banking, insurance, and business services still account for a large proportion of the British GDP.
Currencies of Singapore Prior to Colonization As early as the 8th century AD, Chinese merchants introduced the first documented currency of the Malay Peninsula. Since there was no official currency at the time, Singapore's merchants usually used Spanish and Mexican Dollars. Paper money began to appear in the peninsula in the 18th and 19th centuries, issued by private banks such as the Asiatic Banking Corporation, the Chartered Mercantile Bank of India, and The Shanghai Banking Corporation.
- Central bank: The Monetary Authority of Singapore
- The Singapore dollar (also called Sing) is used by one of the world’s most prosperous countries.
- Singapore has a highly developed free-market economy characterized by stable prices and an open environment free of corruption.
- The economy is driven by exports, particularly in consumer electronics, IT products, pharmaceuticals and other chemicals.
- A growing financial services sector has positioned Singapore as the Southeast Asia’s financial hub.