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base info NEAR Protocol

NEAR Protocol to Singapore Dollar Converter and calculator

Convert 1NEAR Protocol (NEAR) to Singapore Dollar (SGD) equals S$ 8.56 | 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 NEAR Protocol(NEAR) to Singapore Dollar(SGD). This is the real-time data. The current conversion shows 1 NEAR at a value of 1 NEAR for 8.56 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 NEAR Protocol currency pair is the NEAR to SGD, with for NEAR Protocol's currency code being NEAR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SGD.

NEAR to SGD conversion rate trend

1D7D1M3M1YAll
In the past 1D, NEAR Protocol has changed +11.45% to SGD. Based on the trend and price charts, NEAR Protocol(NEAR) has changed +11.45% to SGD while Singapore Dollar(SGD) has changed % to NEAR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S$8.53
0.0001% / 0.0004%vip-iconVIP
Binance
S$8.53
0.1000% / 0.1000%
Yes
Coinbase Exchange
S$8.49
0.1000% / 0.1000%
Yes
OKX
S$8.54
0.080% / 0.100%
Yes
Huobi
S$8.53
0.1000% / 0.1000%
Yes
Gate.io
S$8.53
0.1000% / 0.1000%
Yes
Bybit
S$8.53
0.1000% / 0.1000%
Yes
KuCoin
S$8.53
0.1000% / 0.1000%
Yes
Bitfinex
S$8.52
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 02:00:37(UTC+0)

What factors influence the conversion rate of NEAR Protocol to Singapore Dollar?

NEAR Protocol to Singapore Dollar is rising this week.
NEAR Protocol's current market price is S$ 8.56 per NEAR, with a total market cap of S$ 9,115,883,748.3 SGD based on a circulating supply of 1,064,408,260 NEAR. The trading volume of NEAR Protocol has changed by -26.66% (S$ -183,105,864.84 SGD) in the last 24 hours. Last trading day, NEAR's trading volume was S$ 686,808,393.13.
Market cap
$6.70B
24h volume
$370.04M
Circulating supply
1.06B NEAR

Conversion tables

The exchange rate of NEAR Protocol is increasing.
1 NEAR is currently valued at S$ 8.56 SGD , which means buying 5 NEAR will cost S$ 42.82 SGD . Similarly, S$1 SGD can be traded for 0.1168 NEAR, and S$50 SGD can be converted to 5.84 NEAR, excluding any platform or gas fees.
The exchange rate of 1 NEAR to Singapore Dollar has changed by +24.34% in the last 7 days. In the last 24 hours, the rate has fluctuated by +11.45%, reaching a high of 8.6 SGD and a low of 7.58 SGD . One month ago, the value of 1 NEAR was S$ 8.48 SGD , which represents a +1.02% change from its current value. Over the last year, NEAR Protocol has changed by
+S$
0.5170SGD
, resulting in a change of +228.47% in its value.

NEAR to SGD

Amount
02:28 am today
0.5 NEAR
S$4.28
1 NEAR
S$8.56
5 NEAR
S$42.82
10 NEAR
S$85.64
50 NEAR
S$428.21
100 NEAR
S$856.43
500 NEAR
S$4,282.14
1000 NEAR
S$8,564.27

SGD to NEAR

Amount02:28 am today
0.5SGD0.05838  NEAR
1SGD0.1168  NEAR
5SGD0.5838  NEAR
10SGD1.17  NEAR
50SGD5.84  NEAR
100SGD11.68  NEAR
500SGD58.38  NEAR
1000SGD116.76  NEAR
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Today vs. 24 hours ago

Amount02:28 am today24 hours ago24h change
0.5 NEAR$3.15$2.82
+11.45%
1 NEAR$6.29$5.64
+11.45%
5 NEAR$31.46$28.22
+11.45%
10 NEAR$62.92$56.45
+11.45%
50 NEAR$314.59$282.23
+11.45%
100 NEAR$629.17$564.46
+11.45%
500 NEAR$3,145.85$2,822.28
+11.45%
1000 NEAR$6,291.71$5,644.55
+11.45%

Today vs. 1 month ago

Amount02:28 am today1 month ago1M change
0.5 NEAR$3.15$3.11
+1.02%
1 NEAR$6.29$6.23
+1.02%
5 NEAR$31.46$31.14
+1.02%
10 NEAR$62.92$62.28
+1.02%
50 NEAR$314.59$311.42
+1.02%
100 NEAR$629.17$622.84
+1.02%
500 NEAR$3,145.85$3,114.19
+1.02%
1000 NEAR$6,291.71$6,228.38
+1.02%

Today vs. 1 year ago

Amount02:28 am today1 year ago1Y change
0.5 NEAR$3.15$0.9559
+228.47%
1 NEAR$6.29$1.91
+228.47%
5 NEAR$31.46$9.56
+228.47%
10 NEAR$62.92$19.12
+228.47%
50 NEAR$314.59$95.59
+228.47%
100 NEAR$629.17$191.19
+228.47%
500 NEAR$3,145.85$955.93
+228.47%
1000 NEAR$6,291.71$1,911.87
+228.47%

FAQ

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