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Perceived currency for lower cost of purchase on credit/debit card in Singapore 2018

This statistic shows the results of a survey amongst frequent travelers in Singapore in 2018 as to their perceptions on using which currency would get them a lower cost of purchase on a credit or debit card when traveling. During the survey period, 59 percent of the survey respondents guessed correctly that paying in U.S. dollars on their credit or debit cards would lower their cost of purchase.

Perceived currency for lower cost of purchase on credit or debit card when travelling overseas amongst Singaporean respondents as of December 2018

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Source

Release date

December 2018

Region

Singapore

Survey time period

2018

Number of respondents

1,396 respondents

Age group

18-65 years

Special properties

amongst frequent travelers* in Singapore

Method of interview

Online survey

Supplementary notes

*Frequent travelers are defined here as those who have made an average of 3.3 trips or more in 2018.

The question asked in the survey was as follows: "Make a guess. When spending with a credit/debit card in the US, which currency should you pay in to lower your cost of purchase?"

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