Suriname Dollar - SRD

AAA

DEFINITION of 'Suriname Dollar - SRD'

The currency abbreviation for the Suriname dollar (SRD), the currency for Suriname. The Suriname dollar is made up of 100 cents and is presented with the symbol $. The coins of this currency are denominated in cents based on the previous currency, the guilder, which was also made up of 100 cents.

INVESTOPEDIA EXPLAINS 'Suriname Dollar - SRD'

The Suriname dollar was introduced as the official currency of Suriname in 2004, when it replaced the guilder at a rate of 1,000:1. The old coins continued to be used, but were worth a fraction of a dollar instead of a fraction of a guilder. With the exchange rate of 1,000:1, coins became 1,000 times more valuable overnight.

RELATED TERMS
  1. Suriname Guilders

    The official currency of Suriname until 2004, when it was replaced ...
  2. Currency

    A generally accepted form of money, including coins and paper ...
  3. Forex - FX

    The market in which currencies are traded. The forex market is ...
  4. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
  5. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
  6. Currency Pair

    The quotation and pricing structure of the currencies traded ...
Related Articles
  1. Currency Exchange: Floating Rate Vs. ...
    Forex Education

    Currency Exchange: Floating Rate Vs. ...

  2. How Bitcoin Casinos Work
    Investing Basics

    How Bitcoin Casinos Work

  3. Bitcoin Is Taking A Nosedive
    Investing News

    Bitcoin Is Taking A Nosedive

  4. Why do Bitcoins have value?
    Forex Education

    Why do Bitcoins have value?

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center