Singapore’s official currency is Singapore Dollar (S $). According to WISE report, 1 Singapore dollar is equal to 68.64 Indian rupees.
If someone earns 1 million dollars in Indian Singapore, then it is about 68,63,800 rupees in Indian rupees. This is the reason that Singapore dollar is considered much stronger than the Indian rupee.
This difference not only shows the strength of the currency but also highlights the difference between the economy of the two countries. While the Indian rupee symbolizes the emerging economy, the Singapore dollar represents a developed and stable economy.
The economy of Singapore is counted not only in Asia but among the most trusted economies in the world. The biggest reason for this is the Monetary Authority of Singapore (MAS). This institution implements policies and changes from time to time to control and keep the country’s currency controlled and stable.
Singapore is a global financial hub. The banking sector here is strong, the level of foreign investment is high and the business environment is considered very transparent. This is the reason that both investors and businessmen consider Singapore dollar as a trusted currency.
In contrast, the Indian rupee is relatively weak internationally. The reason for this is factors like India’s large population, import-export imbalance and high inflation rate.
Like India, different currency notes and coins are in circulation in Singapore. 2, 5, 10, 50, 100, 1000 and 10,000 Singapore dollars are run in Singapore. Apart from this, 5, 10, 20, 50 cents and 1 Singapore dollars run as coins.
The design of these notes and coins reflect the heritage, history and cultural symbols of Singapore. This makes it important not only economic but also culturally.
According to the home of Singapore and Law Minister of Law Minister, the Indian community in Singapore has improved the level of education and income. Citing national data, he pointed to the progress made in the last two decades.
Law Minister K Shaanmugam said that the income of people of Indian origin has increased by 40 percent in the last 10 years. Which used to be 6,000 Singapuri dollars earlier. Now it has increased to $ 8,500.
Published at: 26 Sep 2025 08:27 AM (IST)