Singapore currency, money, credit cards, checks
The Singapore currency is the Singapore dollar. Singapore dollar equal to 100 cents. In circulation are banknotes 1, 2, 4, 10, 20, 50, 1000 and 10000 Singapore dollars. Coins of 1, 5, 10, 20, 50 cents and 1 dollar.
International designation SGD. The price tags also often denoted in the form S$ or just $. Where prices are quoted in US dollars, use the symbol US$.
The country also freely Brunei dollar is equal in value to Singapore. The currency of Brunei you can give for the change, and she you can easily pay anywhere.
Restaurants often use the price tag marking in the form of $1++. Two pluses indicate that the specified value will be added service charge (10%) and sales tax (7%). If the price tag listed NETT, it means that this is the final price including tax and service charge.
The currency exchange points are located at most banks, hotels and shops. Street items and those that are in the stores - everything is licensed and is absolutely safe to exchange money. Some of the exchange work around the clock. Better to change currency near exchange offices, since the rates are more favorable than the banks. When exchanging large amounts of can request a more favorable rate.
The rate at the airport is not profitable, and exchanging money there is not recommended.
The fundamental difference which of the world's currencies to take to Singapore, European or American - no. Successfully able to change one and the other. Russian roubles to change will not succeed.
The exchange rate
Course Singapore currency is quite stable. For fast recalculation of the value of the Singapore dollar in rubles just multiply the dollar amount by 5 (actually 4.9) and add at the end of zero, such as 10 Singapore dollars * 4.9 = 49, add 0, it turns out 490 rubles.
The currency exchange rate (Singapore dollar) to today ()
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Travelers checks/credit cards
To go to Singapore, you can do without cash. The ATMs around every corner and credit cards are accepted almost everywhere. Even in taxis you can pay with a credit card.
But note that when paying with the card, on the initiative of the seller, you can deduct the Commission. The taxi Commission payment by credit card may take up to 15%.
Travellers cheques can be exchanged freely anywhere. Accept the same payment they are not everywhere, and not quite willingly.
Tipping in Singapore is not accepted and the local authorities are condemned. Service charge and service is included in the final bill. However, traditionally, porters, maids, reception staff are usually given 1-2 dollars.
Taxi drivers tipping is not usually expected and surrender give up to cents, but if you agree, they will approximate the amount of change.
The VAT refund
The tax on goods and services Goods and Services Tax (GST, 7%) is levied on most goods and services. This is the same as that of Valued Added Tax (VAT) in other countries.
To take advantage of GST, the amount of purchase from a single seller exceed 300 Singapore dollars. Return GST in a special box "tax-free" at the airport before departure. It is necessary to present the product in unexpanded form, or cash a check at the store.
At the end of 2011 in Singapore introduced the world's first electronic VAT refund system, which will significantly reduce the time spent on this procedure and turn. When making a purchase paid by credit card the purchase amount is automatically linked to a credit card in a single database. Tax refund, as before, will be at the airport when leaving the country. For the procedure, it is sufficient to provide receipts for scanning.