Course USD(US Dollar)-SGD(Singapore Dollar) for today
Quotes USD/SGD for today .
The US central bank is called the Federal Reserve Bank (commonly referred to as "The Fed"). The USD is the most traded currency in the forex market and can be paired with all other major currencies. Common names for the USD include the greenback, buck, green, dough, smacker, bones, dead presidents, scrillas, and paper.
- Central bank: The Federal Reserve System (also known as the Federal Reserve, or the Fed)
- The USD (also called the greenback or buck) is the de facto global currency. Most commodities (including gold and oil) are priced in USD.
- The U.S.A. has by far the largest economy in the world.
- America faces challenges from developing economies, and has consistently large trade deficits with other nations.
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.