The Singapore dollar is the official currency of Singapore. One US dollar is worth around 1.34 SGD. The Singapore dollar is the currency of Singapore. It was first introduced in 1967, replacing the Malaysian dollar. The dollar is divided into 100 cents. The currency is issued by the Monetary Authority of Singapore. The Singapore dollar is subject to low inflation, so banknotes are issued in denominations as high as 1,000 dollars. The Singapore dollar is widely accepted in Singapore and is often used for transactions in neighboring countries.