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Bitcoin to Singapore Dollar Converter and calculator

Convert 1Bitcoin (BTC) to Singapore Dollar (SGD) equals S$ 88,512.62 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Bitcoin(BTC) to Singapore Dollar(SGD). This is the real-time data. The current conversion shows 1 BTC at a value of 1 BTC for 88,512.62 SGD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 currency pair is the BTC to SGD, with for Bitcoin's currency code being BTC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SGD.

BTC to SGD conversion rate trend

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In the past 1D, Bitcoin has changed +2.22% to SGD. Based on the trend and price charts, Bitcoin(BTC) has changed +2.22% to SGD while Singapore Dollar(SGD) has changed % to BTC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S$88,059.69
0.0001% / 0.0004%vip-iconVIP
Binance
S$88,118.68
0.1000% / 0.1000%
Yes
Coinbase Exchange
S$88,076.79
0.1000% / 0.1000%
Yes
Kraken
S$88,089.92
0.1000% / 0.1000%
Yes
OKX
S$88,120.96
0.080% / 0.100%
Yes
Huobi
S$88,120.75
0.1000% / 0.1000%
Yes
Gate.io
S$88,118.37
0.1000% / 0.1000%
Yes
Bybit
S$88,159.48
0.1000% / 0.1000%
Yes
KuCoin
S$88,122.18
0.1000% / 0.1000%
Yes
Bitfinex
S$88,144.51
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 01:00:34(UTC+0)

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

Bitcoin to Singapore Dollar is rising this week.
Bitcoin's current market price is S$ 88,512.62 per BTC, with a total market cap of S$ 1,742,630,104,675.12 SGD based on a circulating supply of 19,687,928 BTC. The trading volume of Bitcoin has changed by -55.82% (S$ -37,393,285,160.70 SGD) in the last 24 hours. Last trading day, BTC's trading volume was S$ 66,991,925,773.77.
Market cap
$1.28T
24h volume
$21.74B
Circulating supply
19.69M BTC

Conversion tables

The exchange rate of Bitcoin is decreasing.
1 BTC is currently valued at S$ 88,512.62 SGD , which means buying 5 BTC will cost S$ 442,563.1 SGD . Similarly, S$1 SGD can be traded for 0.{4}1130 BTC, and S$50 SGD can be converted to 0.0005649 BTC, excluding any platform or gas fees.
The exchange rate of 1 BTC to Singapore Dollar has changed by +1.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.22%, reaching a high of 89,080.27 SGD and a low of 86,221.41 SGD . One month ago, the value of 1 BTC was S$ 89,277.61 SGD , which represents a -0.86% change from its current value. Over the last year, Bitcoin has changed by
+S$
10,607.25SGD
, resulting in a change of +138.73% in its value.

BTC to SGD

Amount
01:40 am today
0.5 BTC
S$44,256.31
1 BTC
S$88,512.62
5 BTC
S$442,563.1
10 BTC
S$885,126.21
50 BTC
S$4,425,631.04
100 BTC
S$8,851,262.08
500 BTC
S$44,256,310.38
1000 BTC
S$88,512,620.76

SGD to BTC

Amount01:40 am today
0.5SGD0.{5}5649  BTC
1SGD0.{4}1130  BTC
5SGD0.{4}5649  BTC
10SGD0.0001130  BTC
50SGD0.0005649  BTC
100SGD0.001130  BTC
500SGD0.005649  BTC
1000SGD0.01130  BTC
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Today vs. 24 hours ago

Amount01:40 am today24 hours ago24h change
0.5 BTC$32,512.72$31,807.6
+2.22%
1 BTC$65,025.43$63,615.19
+2.22%
5 BTC$325,127.17$318,075.97
+2.22%
10 BTC$650,254.34$636,151.95
+2.22%
50 BTC$3,251,271.7$3,180,759.75
+2.22%
100 BTC$6,502,543.4$6,361,519.5
+2.22%
500 BTC$32,512,717$31,807,597.5
+2.22%
1000 BTC$65,025,434$63,615,195
+2.22%

Today vs. 1 month ago

Amount01:40 am today1 month ago1M change
0.5 BTC$32,512.72$32,793.71
-0.86%
1 BTC$65,025.43$65,587.43
-0.86%
5 BTC$325,127.17$327,937.15
-0.86%
10 BTC$650,254.34$655,874.3
-0.86%
50 BTC$3,251,271.7$3,279,371.5
-0.86%
100 BTC$6,502,543.4$6,558,743
-0.86%
500 BTC$32,512,717$32,793,715
-0.86%
1000 BTC$65,025,434$65,587,430
-0.86%

Today vs. 1 year ago

Amount01:40 am today1 year ago1Y change
0.5 BTC$32,512.72$13,616.43
+138.73%
1 BTC$65,025.43$27,232.86
+138.73%
5 BTC$325,127.17$136,164.3
+138.73%
10 BTC$650,254.34$272,328.6
+138.73%
50 BTC$3,251,271.7$1,361,643
+138.73%
100 BTC$6,502,543.4$2,723,286
+138.73%
500 BTC$32,512,717$13,616,430
+138.73%
1000 BTC$65,025,434$27,232,860
+138.73%

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.