Currency Rates for Suriname Dollar
Currency Exchange Rates for Suriname Dollar. Currency Information on SRD for Suriname– SR$. The foreign exchange currency code for SRD represents the Suriname Dollar exchange rate.
GBP to SRD
Surinamese is Surinames currency since the year 2001. The dollar is denoted as SRD and is divided into 100 cents. SRD came into effect in 200 and was used to replace Surinamese guilder 100 guilders were equivalent to one dollar. At the time the currency was available in coins as there were no banknotes. The introduction of banknotes came as a result of a bank error Canadian Bank Note Company. Surprisingly, old coins were denoted in cents whereby 1100 guilder was given the same value as new cents, eliminating the need for producing new coins. 25 cent coin that was previously worth 14 guilder was made equivalent to 4 dollar which by value is equal to 250 guilders.
Nonetheless,the 121 Amendment of ISO 4217 led to the currency being given the code SRD to replace Suriname guilder (SRG). Suriname citizens are known to refer their currency as SRD so as to differentiate it from the famous USD (US dollar). Furthermore, US dollar was commonly used in Surinamese to quote prices of certain goods especially electronic products, appliances, automobiles as well as household furnishings.
Since 2011, the value of SDR was fixed at 3.25 SRD to be equivalent to I USD. Nonetheless, in 2015, the value of SRD was further altered to 4.0 SRD to be equivalent to one USD. More changes have been made to the value of SRD in comparison to USD in 2016.
Currently, Surinamese coin denominations of 1, 5, 10, 25, 250 as well as 100 cents remain in circulation as they are been used. However, in the year 200, the Surinamese dollar was used to replace Surinamese guilder with the value of one dollar been equivalent to 1,000 guilders. This change prompted the issuance of new notes that were denominated in this new currency. Notably, the currency is expressed in its singular form on the new notes in accordance with the commonly observed Dutch customs enforced in the country that are also well respected by all people.
Suriname has used the Surinamese dollar since its introduction in 2004, when it replaced the Surinamese guilder at a ratio of 1 dollar to 1000 guilders. The Surinamese dollar is referred to, in Suriname, as SRD or SR$, as they also use US dollars to price goods, and so the need to differentiate arises.
Send Money Transfer to Suriname. Coins are available in denominations of 1, 5, 10, 25, 100 and 250 cents, as well as banknotes being available in denominations of 1, 2 ½, 5, 10, 20, 50 and 100 dollars. Bank Exchange Rates for Suriname Dollar. The foreign exchange rates for Suriname also known as the ISO code SRD. Send money transfer online with us with the cheapest options.