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base info Bitcoin SV

Bitcoin SV to Singapore Dollar Converter and calculator

Convert 1Bitcoin SV (BSV) to Singapore Dollar (SGD) equals S$ 106.74 | Bitget

SGD information

About the Singapore Dollar (SGD)

What Is the Singapore Dollar (SGD)?

The Singapore Dollar (SGD) is the official currency of Singapore, a sovereign city-state and island country in Southeast Asia. It is represented by the symbol S$ to differentiate it from other dollar-denominated currencies. The currency is divided into 100 smaller units known as cents. The Singapore Dollar is the sole legal tender in Singapore, and it is used for all transactions within the country.

The Singapore Dollar (SGD) is issued by the Monetary Authority of Singapore (MAS), which serves as the central bank and the integrated financial regulator of Singapore. The MAS is responsible for the design, production, and issuance of Singapore's currency in the form of both banknotes and coins. Additionally, it oversees various aspects of monetary policy, financial regulation, and currency management in Singapore.

What Is the History of SGD?

Singapore's currency history is as diverse as its cultural fabric. Prior to the SGD, the region saw a variety of currencies, including the Spanish dollar, the Straits dollar, and the Malayan dollar. During the Japanese occupation in World War II, the "military yen" was used. Post-independence in 1965, Singapore continued using the Malaya and British Borneo dollar until the introduction of the SGD in 1967.

Notes and Coins of SGD

The Monetary Authority of Singapore (MAS) issues SGD coins and banknotes. Coins come in denominations of 1, 5, 10, 20, 50 cents, and 1 and 5 dollars. Banknotes are available in $2, $5, $10, $20, $25, $50, $100, $1,000, and $10,000 denominations. However, high-value notes like $1,000 and $10,000 are being phased out to mitigate money laundering risks.

Is SGD Pegged to GBP?

The Singapore Dollar (SGD) is not currently pegged to the British Pound (GBP). It operates on a managed floating exchange rate system, where its value is not fixed to any single currency but is instead managed by the Monetary Authority of Singapore (MAS) against a basket of currencies of its major trading partners and competitors. This basket includes major currencies like the US Dollar, Euro, Japanese Yen, and others.

Historically, however, the SGD was pegged to the British Pound. This arrangement dates back to Singapore's time as part of the British Empire when its currency was linked to the British Pound. Following Singapore's independence in 1965, there was a transition in its currency policy. Over time, Singapore moved away from the British Pound peg and eventually adopted the managed floating exchange rate system.

What Is the Relationship Between SGD and BND ?

The Singapore Dollar (SGD) and the Brunei Dollar (BND) share a distinctive and enduring relationship, underpinned by the Currency Interchangeability Agreement established in 1967. This agreement ensures that both currencies are accepted at par value in each country, allowing them to be used interchangeably for most transactions without any need for currency exchange. While the SGD and BND are mutually accepted in both Singapore and Brunei, the prevalence of each currency varies, with the SGD being widely accepted in Brunei and the BND less commonly used but still accepted in Singapore. Despite this interchangeability, Singapore and Brunei maintain independent control over their respective monetary policies, managed by the Monetary Authority of Singapore and the Autoriti Monetari Brunei Darussalam.

Is SGD a Strong Currency?

The Singapore Dollar (SGD) is recognized as a strong and stable currency in the Asian region, often compared to the Swiss Franc of Switzerland. This strength is evident in its consistent appreciation against the Malaysian Ringgit (MYR) since Singapore's independence in 1965. The SGD's robustness can be attributed to Singapore's resilient financial markets, stable monetary policy managed by the Monetary Authority of Singapore (MAS), and the city-state's reputation as a stable financial hub, which attracts significant investment, especially during times of global volatility. As of now, SGD is one of the most-traded currencies, underscoring Singapore's importance in international finance and trade.

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Bitget crypto-to-fiat exchange data shows that the most popular Bitcoin SV currency pair is the BSV to SGD, with for Bitcoin SV's currency code being BSV. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SGD.

BSV to SGD conversion rate trend

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In the past 1D, Bitcoin SV has changed -15.54% to SGD. Based on the trend and price charts, Bitcoin SV(BSV) has changed -15.54% to SGD while Singapore Dollar(SGD) has changed % to BSV in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S$104.67
0.0001% / 0.0004%vip-iconVIP
OKX
S$104.59
0.080% / 0.100%
Yes
Huobi
S$104.65
0.1000% / 0.1000%
Yes
Gate.io
S$104.55
0.1000% / 0.1000%
Yes
KuCoin
S$104.59
0.1000% / 0.1000%
Yes
Last updated 2024/04/13 03:00:30(UTC+0)

What factors influence the conversion rate of Bitcoin SV to Singapore Dollar?

Bitcoin SV to Singapore Dollar is falling this week.
Bitcoin SV's current market price is S$ 106.74 per BSV, with a total market cap of S$ 2,101,324,886.62 SGD based on a circulating supply of 19,686,900 BSV. The trading volume of Bitcoin SV has changed by +88.68% (S$ 69,548,210.49 SGD) in the last 24 hours. Last trading day, BSV's trading volume was S$ 78,421,704.81.
Market cap
$1.54B
24h volume
$108.72M
Circulating supply
19.69M BSV

Conversion tables

The exchange rate of Bitcoin SV is decreasing.
1 BSV is currently valued at S$ 106.74 SGD , which means buying 5 BSV will cost S$ 533.69 SGD . Similarly, S$1 SGD can be traded for 0.009369 BSV, and S$50 SGD can be converted to 0.4684 BSV, excluding any platform or gas fees.
The exchange rate of 1 BSV to Singapore Dollar has changed by -19.44% in the last 7 days. In the last 24 hours, the rate has fluctuated by -15.54%, reaching a high of 126.86 SGD and a low of 100.1 SGD . One month ago, the value of 1 BSV was S$ 154.27 SGD , which represents a -30.80% change from its current value. Over the last year, Bitcoin SV has changed by
+S$
1.92SGD
, resulting in a change of +111.80% in its value.

BSV to SGD

Amount
03:52 am today
0.5 BSV
S$53.37
1 BSV
S$106.74
5 BSV
S$533.69
10 BSV
S$1,067.37
50 BSV
S$5,336.86
100 BSV
S$10,673.72
500 BSV
S$53,368.61
1000 BSV
S$106,737.21

SGD to BSV

Amount03:52 am today
0.5SGD0.004684  BSV
1SGD0.009369  BSV
5SGD0.04684  BSV
10SGD0.09369  BSV
50SGD0.4684  BSV
100SGD0.9369  BSV
500SGD4.68  BSV
1000SGD9.37  BSV
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Today vs. 24 hours ago

Amount03:52 am today24 hours ago24h change
0.5 BSV$39.21$46.43
-15.54%
1 BSV$78.43$92.86
-15.54%
5 BSV$392.13$464.31
-15.54%
10 BSV$784.26$928.61
-15.54%
50 BSV$3,921.28$4,643.06
-15.54%
100 BSV$7,842.56$9,286.13
-15.54%
500 BSV$39,212.79$46,430.63
-15.54%
1000 BSV$78,425.58$92,861.26
-15.54%

Today vs. 1 month ago

Amount03:52 am today1 month ago1M change
0.5 BSV$39.21$56.68
-30.80%
1 BSV$78.43$113.35
-30.80%
5 BSV$392.13$566.76
-30.80%
10 BSV$784.26$1,133.52
-30.80%
50 BSV$3,921.28$5,667.58
-30.80%
100 BSV$7,842.56$11,335.16
-30.80%
500 BSV$39,212.79$56,675.78
-30.80%
1000 BSV$78,425.58$113,351.55
-30.80%

Today vs. 1 year ago

Amount03:52 am today1 year ago1Y change
0.5 BSV$39.21$18.51
+111.80%
1 BSV$78.43$37.01
+111.80%
5 BSV$392.13$185.06
+111.80%
10 BSV$784.26$370.13
+111.80%
50 BSV$3,921.28$1,850.64
+111.80%
100 BSV$7,842.56$3,701.28
+111.80%
500 BSV$39,212.79$18,506.4
+111.80%
1000 BSV$78,425.58$37,012.8
+111.80%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.