Definition

1. Noun:
   • The basic unit of money in Singapore: The Singapore dollar is the official currency of the Republic of Singapore. It is the standard monetary unit used for all financial transactions within the country.

Usage Examples

• Noun:
  • The price of the souvenir is ten Singapore dollars.
  • You need to exchange your currency for Singapore dollars before your trip.
  • The Singapore dollar is often abbreviated as SGD.

Advanced Usage

• As a measure of value: The term is used to denote the monetary value of goods, services, or economic metrics within Singapore.
  • The company's revenue reached five million Singapore dollars last quarter.
• In foreign exchange contexts: Used when discussing currency exchange rates.
  • The Singapore dollar has remained strong against major currencies.

Variants and Related Words

• SGD: The common three-letter currency code (ISO 4217) for the Singapore dollar, used in banking and international finance.
  • The transfer was made in SGD.
• Cent: A subdivision of the Singapore dollar; one hundred cents equal one Singapore dollar.
  • The coin is worth fifty cents.

Synonyms

• Currency of Singapore: A descriptive synonym.
• SGD: The official abbreviation.

Notes on Meaning

This term refers specifically to the monetary unit. It is a compound noun where "Singapore" specifies the nation of issue and "dollar" denotes the unit of currency. Other countries also use "dollar" as their currency unit (e.g., US dollar, Australian dollar), but the "Singapore dollar" is unique to Singapore.

Noun

1. the basic unit of money in Singapore