About the EUR
The euro (sign: €; code: euro) is the national currency of 19 of the European Union’s 27 member states. This group of states is known as the Eurozone and numbers consists of approximately 343 million people as of 2019. The euro, which is split into 100 cents, is the second largest and second most traded currency on the foreign exchange market after the US dollar. The currency is currently used by the institutions of the European Union and by four European microstates that exist in the Eurozone. Some EU member regions outside Europe also use the euro as their currency. More than 200 million people worldwide are now using currencies that are tied to the euro. The euro is the world’s second-largest reserve currency. It is as well the second-largest exchanged currency after the US dollar. With more than a trillion in circulation, the euro has one of the world’s highest overall banknote and coin values.
About the SGD
The dollar of Singapore (sign: S$; code: SGD), is Singapore’s official currency. It breaks down into 100 cents. To differentiate it from other dollar-denominated currencies it is usually abbreviated with the dollar sign $, or S$. The Singapore Monetary Authority issues Singapore dollar banknotes and coins. As of 2019, the Singapore dollar is by weight the world’s thirteenth-largest exchanged currency. Also to its use in Singapore, It is also recognised as a customary tender in Brunei. This is according to the Currency Interchangeability Agreement between the Monetary Authority of Singapore and the Autoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam).