Singapore 1 Dollar Coin Value In Indian Rupees
Singapore is a country known for its diverse culture and stunning tourist attractions. One of the things that make Singapore unique is its currency. The Singapore dollar is the official currency of Singapore and is abbreviated as SGD. The currency is divided into 100 cents and has both coins and notes. In this article, we will discuss the value of the Singapore 1 dollar coin in Indian rupees.
Introduction to the Singapore 1 Dollar Coin
The Singapore 1 dollar coin is one of the most used coins in Singapore. It is a small silver coin that has a diameter of 22.4mm and weighs 6.70 grams. The coin has an inscription of the Singapore Coat of Arms on one side and the denomination of the coin on the other. The Singapore 1 dollar coin was first introduced in 1967 and has undergone several changes in design since then.
What is the Value of Singapore 1 Dollar Coin in Indian Rupees?
The value of the Singapore 1 dollar coin in Indian rupees depends on the current exchange rate between the two currencies. As of August 2021, the exchange rate between Singapore dollar and Indian rupees is 55.55. Therefore, the value of one Singapore 1 dollar coin in Indian rupees is approximately 55.55 INR.
Factors That Affect the Value of Singapore 1 Dollar Coin in Indian Rupees
Several factors affect the value of the Singapore 1 dollar coin in Indian rupees. These factors include the exchange rate, inflation rate, and economic stability of both countries. The exchange rate is the most significant factor that affects the value of the Singapore 1 dollar coin in Indian rupees. The exchange rate is determined by the demand and supply of both currencies in the international market.
How to Convert Singapore 1 Dollar Coin to Indian Rupees?
Converting the Singapore 1 dollar coin to Indian rupees is a simple process. You can do this by multiplying the current exchange rate between the two currencies by the number of Singapore 1 dollar coins you want to convert. For example, if the current exchange rate is 55.55 and you have ten Singapore 1 dollar coins, the total value in Indian rupees would be 555.50 INR.
Where Can You Exchange Singapore 1 Dollar Coin to Indian Rupees?
If you have Singapore 1 dollar coins and want to convert them to Indian rupees, you can do so at a currency exchange center. Most major airports and tourist destinations have currency exchange centers where you can exchange your coins. You can also exchange your coins at banks or money changers.
Conclusion
The value of the Singapore 1 dollar coin in Indian rupees fluctuates depending on the exchange rate between the two currencies. As of August 2021, the value of one Singapore 1 dollar coin in Indian rupees is approximately 55.55 INR. If you have Singapore 1 dollar coins and want to convert them to Indian rupees, you can do so at a currency exchange center, bank, or money changer.