1 Crore Indian Rupee in Singapore Dollars: An Exchange Rate Guide
Are you planning to travel from India to Singapore or vice versa? Or perhaps you're interested in investing in the Singaporean market from India? Whatever your reason, understanding the exchange rate between the Indian Rupee (INR) and the Singapore Dollar (SGD) is crucial. In this article, we'll explore the value of 1 crore Indian Rupees in Singapore Dollars.
What is 1 Crore in Indian Rupees?
In the Indian numbering system, 1 crore is equal to 10 million. So, 1 crore Indian Rupees is equivalent to 10,000,000 INR.
Exchange Rate: Indian Rupee (INR) to Singapore Dollar (SGD)
As of the current exchange rate (1 USD = 1.38 SGD = 75.50 INR), we can calculate the value of 1 crore Indian Rupees in Singapore Dollars as follows:
1 crore INR = 10,000,000 INR 1 USD = 75.50 INR (approximate exchange rate) 1 SGD = 1.38 USD (approximate exchange rate)
Now, let's convert 1 crore INR to SGD:
10,000,000 INR ÷ 75.50 INR/USD = approximately 132,450 USD 132,450 USD ÷ 1.38 USD/SGD = approximately 96,000 SGD
1 Crore Indian Rupees in Singapore Dollars
Therefore, 1 crore Indian Rupees are approximately equal to 96,000 Singapore Dollars.
Conclusion
In conclusion, when traveling or conducting business between India and Singapore, it's essential to understand the exchange rate between the Indian Rupee and the Singapore Dollar. With this knowledge, you can make informed decisions about your financial transactions and ensure a smooth transition between the two currencies.
