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Velas to Singapore Dollar Converter and calculator

Convert 1Velas (VLX) to Singapore Dollar (SGD) equals S$ 0.01339 | 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 Velas(VLX) to Singapore Dollar(SGD). This is the real-time data. The current conversion shows 1 VLX at a value of 1 VLX for 0.01 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 Velas currency pair is the VLX to SGD, with for Velas's currency code being VLX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SGD.

VLX to SGD conversion rate trend

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In the past 1D, Velas has changed -2.78% to SGD. Based on the trend and price charts, Velas(VLX) has changed -2.78% to SGD while Singapore Dollar(SGD) has changed % to VLX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S$0.009599
0.0200% / 0.0320%vip-iconVIP 7
Huobi
S$0.01340
0.1000% / 0.1000%
Yes
Gate.io
S$0.01335
0.1000% / 0.1000%
Yes
KuCoin
S$0.009916
0.1000% / 0.1000%
Yes
Last updated 2024/07/09 01:00:18(UTC+0)

How to buy Velas

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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 identity by entering your personal information and uploading a valid photo ID.
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Buy Velas (VLX)
Use a variety of payment options to buy Velas on Bitget. We'll show you how.

Buy VLX (or USDT) for SGD (Singapore Dollar) offers

Bitget P2P trading does not currently support direct buying of VLX with SGD. However, you can buy USDT in Bitget P2P trading first, and then buy VLX with USDT via Bitget spot market.
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Low to high
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Zero fees
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Sell VLX (or USDT) for SGD (Singapore Dollar) offers

Bitget P2P trading currently does not support direct selling of VLX to SGD. However, you can first exchange VLX 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 Velas to Singapore Dollar?

Velas to Singapore Dollar is falling this week.
Velas's current market price is S$ 0.01339 per VLX, with a total market cap of S$ 35,708,907.89 SGD based on a circulating supply of 2,666,806,000 VLX. The trading volume of Velas has changed by -14.22% (S$ -109,085.74 SGD) in the last 24 hours. Last trading day, VLX's trading volume was S$ 767,220.68.
Market cap
$26.34M
24h volume
$485.42K
Circulating supply
2.67B VLX

Conversion tables

The exchange rate of Velas is decreasing.
1 VLX is currently valued at S$ 0.01339 SGD , which means buying 5 VLX will cost S$ 0.06695 SGD . Similarly, S$1 SGD can be traded for 74.68 VLX, and S$50 SGD can be converted to 3,734.09 VLX, excluding any platform or gas fees.
The exchange rate of 1 VLX to Singapore Dollar has changed by -16.42% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.78%, reaching a high of 0.01399 SGD and a low of 0.01296 SGD . One month ago, the value of 1 VLX was S$ 0.02425 SGD , which represents a -44.83% change from its current value. Over the last year, Velas has changed by
-S$
0.004052SGD
, resulting in a change of -23.26% in its value.

VLX to SGD

Amount
12:07 today
0.5 VLX
S$0.006695
1 VLX
S$0.01339
5 VLX
S$0.06695
10 VLX
S$0.1339
50 VLX
S$0.6695
100 VLX
S$1.34
500 VLX
S$6.7
1000 VLX
S$13.39

SGD to VLX

Amount12:07 today
0.5SGD37.34  VLX
1SGD74.68  VLX
5SGD373.41  VLX
10SGD746.82  VLX
50SGD3,734.09  VLX
100SGD7,468.18  VLX
500SGD37,340.91  VLX
1000SGD74,681.81  VLX

Today vs. 24 hours ago

Amount12:07 today24 hours ago24h change
0.5 VLX$0.004938$0.005079
-2.78%
1 VLX$0.009876$0.01016
-2.78%
5 VLX$0.04938$0.05079
-2.78%
10 VLX$0.09876$0.1016
-2.78%
50 VLX$0.4938$0.5079
-2.78%
100 VLX$0.9876$1.02
-2.78%
500 VLX$4.94$5.08
-2.78%
1000 VLX$9.88$10.16
-2.78%

Today vs. 1 month ago

Amount12:07 today1 month ago1M change
0.5 VLX$0.004938$0.008944
-44.83%
1 VLX$0.009876$0.01789
-44.83%
5 VLX$0.04938$0.08944
-44.83%
10 VLX$0.09876$0.1789
-44.83%
50 VLX$0.4938$0.8944
-44.83%
100 VLX$0.9876$1.79
-44.83%
500 VLX$4.94$8.94
-44.83%
1000 VLX$9.88$17.89
-44.83%

Today vs. 1 year ago

Amount12:07 today1 year ago1Y change
0.5 VLX$0.004938$0.006432
-23.26%
1 VLX$0.009876$0.01286
-23.26%
5 VLX$0.04938$0.06432
-23.26%
10 VLX$0.09876$0.1286
-23.26%
50 VLX$0.4938$0.6432
-23.26%
100 VLX$0.9876$1.29
-23.26%
500 VLX$4.94$6.43
-23.26%
1000 VLX$9.88$12.86
-23.26%

Velas price prediction

What will the price of VLX be in 2025?

Based on VLX's historical price performance prediction model, the price of VLX is projected to reach $0.01552 in 2025.

What will the price of VLX be in 2030?

In 2030, the VLX price is expected to change by -18.00%. By the end of 2030, the VLX price is projected to reach $0.02062, with a cumulative ROI of +99.88%.

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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 Velas and SGD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Velas and SGD. 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 Velas in SGD, 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.