The Singapore Dollar (SGD) 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. The SGD is known for its strong performance against other currencies, making it a popular choice for investors. It is traded on various foreign exchange markets and is often used as a benchmark for other currencies in the region. The currency's stability is supported by Singapore's robust economy and sound fiscal policies.