Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info VeChain

VeChain to Singapore Dollar Converter and calculator

Convert 1VeChain (VET) to Singapore Dollar (SGD) equals S$ 0.05874 | Bitget
VET
VET
swap
SGD
Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter offers real-time exchange rates, allowing for easy conversion of VeChain(VET) to Singapore Dollar(SGD). This is the real-time data. The current conversion shows 1 VET at a value of 1 VET for 0.06 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.

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

VET to SGD conversion rate trend

1D7D1M3M1YAll
In the past 1D, VeChain has changed +2.46% to SGD. Based on the trend and price charts, VeChain(VET) has changed +2.46% to SGD while Singapore Dollar(SGD) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S$0.05874
0.0001% / 0.0004%vip-iconVIP
Binance
S$0.05863
0.1000% / 0.1000%
Yes
Huobi
S$0.05861
0.1000% / 0.1000%
Yes
Gate.io
S$0.05866
0.1000% / 0.1000%
Yes
KuCoin
S$0.05864
0.1000% / 0.1000%
Yes
Bitfinex
S$0.05903
0.1000% / 0.1000%
Yes
Last updated 2024/04/24 05:00:36(UTC+0)

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

VeChain to Singapore Dollar is rising this week.
VeChain's current market price is S$ 0.05874 per VET, with a total market cap of S$ 4,271,596,113.84 SGD based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by -0.44% (S$ -366,268.68 SGD) in the last 24 hours. Last trading day, VET's trading volume was S$ 83,871,922.32.
Market cap
$3.14B
24h volume
$61.41M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is increasing.
1 VET is currently valued at S$ 0.05874 SGD , which means buying 5 VET will cost S$ 0.2937 SGD . Similarly, S$1 SGD can be traded for 17.02 VET, and S$50 SGD can be converted to 851.14 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Singapore Dollar has changed by +6.24% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.46%, reaching a high of 0.05876 SGD and a low of 0.05642 SGD . One month ago, the value of 1 VET was S$ 0.05858 SGD , which represents a +0.28% change from its current value. Over the last year, VeChain has changed by
+S$
0.02913SGD
, resulting in a change of +98.27% in its value.

VET to SGD

Amount
05:14 am today
0.5 VET
S$0.02937
1 VET
S$0.05874
5 VET
S$0.2937
10 VET
S$0.5874
50 VET
S$2.94
100 VET
S$5.87
500 VET
S$29.37
1000 VET
S$58.74

SGD to VET

Amount05:14 am today
0.5SGD8.51  VET
1SGD17.02  VET
5SGD85.11  VET
10SGD170.23  VET
50SGD851.14  VET
100SGD1,702.28  VET
500SGD8,511.4  VET
1000SGD17,022.8  VET
share

Today vs. 24 hours ago

Amount05:14 am today24 hours ago24h change
0.5 VET$0.02160$0.02108
+2.46%
1 VET$0.04320$0.04217
+2.46%
5 VET$0.2160$0.2108
+2.46%
10 VET$0.4320$0.4217
+2.46%
50 VET$2.16$2.11
+2.46%
100 VET$4.32$4.22
+2.46%
500 VET$21.6$21.08
+2.46%
1000 VET$43.2$42.17
+2.46%

Today vs. 1 month ago

Amount05:14 am today1 month ago1M change
0.5 VET$0.02160$0.02154
+0.28%
1 VET$0.04320$0.04308
+0.28%
5 VET$0.2160$0.2154
+0.28%
10 VET$0.4320$0.4308
+0.28%
50 VET$2.16$2.15
+0.28%
100 VET$4.32$4.31
+0.28%
500 VET$21.6$21.54
+0.28%
1000 VET$43.2$43.08
+0.28%

Today vs. 1 year ago

Amount05:14 am today1 year ago1Y change
0.5 VET$0.02160$0.01089
+98.27%
1 VET$0.04320$0.02178
+98.27%
5 VET$0.2160$0.1089
+98.27%
10 VET$0.4320$0.2178
+98.27%
50 VET$2.16$1.09
+98.27%
100 VET$4.32$2.18
+98.27%
500 VET$21.6$10.89
+98.27%
1000 VET$43.2$21.78
+98.27%

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.