Singapore dollar

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/singapore-dollar

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What money is used in Singapore dollar?SGD
2. Who wrote Singapore dollar?Monetary Authority of Singapore (MAS)
3. What is the global foreign exchange market rank?13th most traded currency globally (as of 2024)
4. What is the interchangeability agreement partner?Brunei Darussalam
5. How many cents make a Singapore dollar?One Singapore dollar is divided into 100 smaller parts called cents, or sen. You can think of it like a whole pizza cut into 100 slices.
6. Why is the Singapore dollar traded a lot around the world?It is the 13th most traded currency in 2024, because Singapore is a big financial center that attracts many investors. The money stays strong and stable, so people trust it for international trade.

Foreign Exchange Market: A global marketplace where currencies are traded against one another.
Liquidity: The ease with which an asset, like a currency, can be bought or sold without affecting its price.
Counterfeiting: The act of illegally producing fake copies of currency or other valuable items.
Sovereign Currency: The official currency issued and backed by an independent nation.