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Snek to United States Dollar Converter and calculator

Convert 1Snek (SNEK) to United States Dollar (USD) equals $ 0.006214 | 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 Snek(SNEK) to United States Dollar(USD). This is the real-time data. The current conversion shows 1 SNEK at a value of 1 SNEK for 0.01 USD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

USD information

About the United States Dollar (USD)

What Is the United States Dollar (USD)?

The United States Dollar (USD), designated by the ISO code USD and commonly abbreviated as US$, is the official currency of the United States of America. It is one of the most recognizable and influential currencies in the world. The USD is used within the United States and its official territories, such as Puerto Rico, Guam, America Samoa, U.S. Virgin Islands, and Northern Marina Islands. Additionally, eleven other countries have adopted the USD as their official currency, including Ecuador, El Salvador, Zimbabwe, Palau, Marshall Islands, Panama, the British Virgin Islands, Turks and Caicos, Timor-Leste, Micronesia, and Bonaire.

The issuance and regulation of the USD are the responsibilities of the Federal Reserve System, the central bank of the United States. The Federal Reserve, or "the Fed," manages the country's monetary policy and ensures the stability and integrity of the currency. The U.S. Department of the Treasury, through the Bureau of Engraving and Printing, is tasked with the printing of paper currency, while the United States Mint produces coinage.

What Is the History of USD?

The United States Dollar (USD) has a rich history that mirrors the evolution of the United States. Initially grappling with diverse foreign currencies post-independence, the need for a unified system led to the Continental Congress adopting the dollar as the national currency on July 6, 1785. The choice was influenced by the Spanish dollar's prominence in the Americas. The Coinage Act of 1792 further established this move, creating the U.S. Mint and defining the dollar's value in gold and silver, initiating the bimetallic standard which stabilized the nation's economy and laid the groundwork for future financial growth. The 20th century saw the USD's global influence surge, especially with the 1944 Bretton Woods Agreement that pegged global currencies to the dollar, then linked to gold, making it the principal reserve currency worldwide. This status evolved in 1971 when the USD shifted to a fiat currency, backed by the U.S. government trust and credit.

Notes and Coins of USD

The U.S. currently prints currencies in denominations of $1, $2, $5, $10, $20, $50, and $100. The printing of notes higher than $100 ceased in 1946, with circulation formally stopping in 1969. Modern U.S. currency notes have incorporated additional colors since 2004 for differentiation, and plans are underway to add improved tactile features for visually impaired citizens.

The U.S. Mint also produces coins in denominations of 1 cent (penny), 5 cents (nickel), 10 cents (dime), 25 cents (quarter), 50 cents (half dollar), and 1 dollar. These coins are used for everyday transactions and also include collectible and commemorative versions.

The World’s Reserve Currency

The U.S. dollar's ascension to the status of the world's reserve currency is rooted in a confluence of historical events and economic strategies. Emerging as a dominant economic power in the early 20th century, the United States solidified the dollar's position through the establishment of the Federal Reserve in 1913 and the accumulation of significant gold reserves during World War I. The pivotal Bretton Woods Agreement in 1944, where 44 Allied nations pegged their currencies to the dollar, marked a defining moment, effectively linking global finance and trade to the U.S. currency. This arrangement was underpinned by the strength and size of the U.S. economy and the dominance of its financial markets. In 2022, the dollar constituted 59% of all foreign bank reserves, reflecting its enduring global influence. Despite discussions on de-dollarization, the U.S. dollar remains the principal reserve currency, a testament to its continued centrality in the international economic system.

What Is the US Dollar Index (USDX)?

The US Dollar Index (USDX) is a vital financial tool that measures the value of the United States Dollar (USD) against a basket of foreign currencies. Established in 1973, the USDX was created in the wake of the Bretton Woods Agreement's collapse. The index includes a diverse mix of currencies, originally comprising 17 currencies from 17 countries. However, with the introduction of the Euro in 1999, the index was adjusted, and it now primarily tracks the USD against six major world currencies: the Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK), and Swiss Franc (CHF).

What Is the Relationship Between USD and Gold?

Historically, the United States Dollar (USD) was closely tied to gold, operating under the gold standard system. This system, formalized in the early 20th century, pegged the value of the USD to a specific quantity of gold, offering stability and confidence in the currency's value. However, in 1971, this changed dramatically with the "Nixon Shock," which ended the convertibility of the USD into gold and shifted the currency to a fiat system. This move detached the USD's value from gold, making it subject to market forces and government policies.

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

SNEK to USD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Snek has changed +4.27% to USD. Based on the trend and price charts, Snek(SNEK) has changed +4.27% to USD while United States Dollar(USD) has changed % to SNEK in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$0.005938
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
$0.005894
0.1000% / 0.1000%
Yes
Last updated 2024/12/23 00:00:19(UTC+0)

How to buy Snek

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Snek (SNEK)
Use a variety of payment options to buy Snek on Bitget. We'll show you how.

Buy SNEK (or USDT) for USD (United States Dollar) offers

Bitget P2P trading does not currently support direct buying of SNEK with USD. However, you can buy USDT in Bitget P2P trading first, and then buy SNEK with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
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Sell SNEK (or USDT) for USD (United States Dollar) offers

Bitget P2P trading currently does not support direct selling of SNEK to USD. However, you can first exchange SNEK for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of Snek to United States Dollar?

Snek to United States Dollar is falling this week.
Snek's current market price is $ 0.006214 per SNEK, with a total market cap of $ 461,918,361.75 USD based on a circulating supply of 74,330,685,000 SNEK. The trading volume of Snek has changed by -17.74% ($ -1,208,195.83 USD) in the last 24 hours. Last trading day, SNEK's trading volume was $ 6,812,455.71.
Market cap
$461.92M
24h volume
$5.60M
Circulating supply
74.33B SNEK

Conversion tables

The exchange rate of Snek is increasing.
1 SNEK is currently valued at $ 0.006214 USD , which means buying 5 SNEK will cost $ 0.03107 USD . Similarly, $1 USD can be traded for 160.92 SNEK, and $50 USD can be converted to 8,045.87 SNEK, excluding any platform or gas fees.
The exchange rate of 1 SNEK to United States Dollar has changed by -8.58% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.27%, reaching a high of 0.006343 USD and a low of 0.005855 USD . One month ago, the value of 1 SNEK was $ 0.004170 USD , which represents a +49.02% change from its current value. Over the last year, Snek has changed by
+$
0.004397USD
, resulting in a change of +242.04% in its value.

SNEK to USD

Amount
05:01 am today
0.5 SNEK
$0.003107
1 SNEK
$0.006214
5 SNEK
$0.03107
10 SNEK
$0.06214
50 SNEK
$0.3107
100 SNEK
$0.6214
500 SNEK
$3.11
1000 SNEK
$6.21

USD to SNEK

Amount05:01 am today
0.5USD80.46  SNEK
1USD160.92  SNEK
5USD804.59  SNEK
10USD1,609.17  SNEK
50USD8,045.87  SNEK
100USD16,091.74  SNEK
500USD80,458.68  SNEK
1000USD160,917.36  SNEK

Today vs. 24 hours ago

Amount05:01 am today24 hours ago24h change
0.5 SNEK$0.003107$0.002980
+4.27%
1 SNEK$0.006214$0.005960
+4.27%
5 SNEK$0.03107$0.02980
+4.27%
10 SNEK$0.06214$0.05960
+4.27%
50 SNEK$0.3107$0.2980
+4.27%
100 SNEK$0.6214$0.5960
+4.27%
500 SNEK$3.11$2.98
+4.27%
1000 SNEK$6.21$5.96
+4.27%

Today vs. 1 month ago

Amount05:01 am today1 month ago1M change
0.5 SNEK$0.003107$0.002085
+49.02%
1 SNEK$0.006214$0.004170
+49.02%
5 SNEK$0.03107$0.02085
+49.02%
10 SNEK$0.06214$0.04170
+49.02%
50 SNEK$0.3107$0.2085
+49.02%
100 SNEK$0.6214$0.4170
+49.02%
500 SNEK$3.11$2.09
+49.02%
1000 SNEK$6.21$4.17
+49.02%

Today vs. 1 year ago

Amount05:01 am today1 year ago1Y change
0.5 SNEK$0.003107$0.0009084
+242.04%
1 SNEK$0.006214$0.001817
+242.04%
5 SNEK$0.03107$0.009084
+242.04%
10 SNEK$0.06214$0.01817
+242.04%
50 SNEK$0.3107$0.09084
+242.04%
100 SNEK$0.6214$0.1817
+242.04%
500 SNEK$3.11$0.9084
+242.04%
1000 SNEK$6.21$1.82
+242.04%

Snek price prediction

What will the price of SNEK be in 2025?

Based on SNEK's historical price performance prediction model, the price of SNEK is projected to reach $0.005795 in 2025.

What will the price of SNEK be in 2030?

In 2030, the SNEK price is expected to change by -8.00%. By the end of 2030, the SNEK price is projected to reach $0.01142, with a cumulative ROI of +99.91%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Snek and USD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Snek and USD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Snek in USD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.