The term "SGD" stands for the Singapore Dollar, which is the official currency of Singapore. It is abbreviated as SGD and is often represented by the symbol S$. The currency is subdivided into 100 cents and is issued by the Monetary Authority of Singapore. The Singapore Dollar is widely used in international trade and is considered a stable currency in the Asia-Pacific region. It is traded on foreign exchange markets and is often used as a benchmark for other currencies in the region. The SGD is known for its strong performance and low inflation rates.