Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
base info The Parallel

The Parallel to Singapore Dollar Converter and calculator

Convert 1The Parallel (PRL) to Singapore Dollar (SGD) equals S$ 0.0007905 | Bitget
PRL
PRL
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 The Parallel(PRL) to Singapore Dollar(SGD). This is the real-time data. The current conversion shows 1 PRL at a value of 1 PRL for 0.00 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 The Parallel currency pair is the PRL to SGD, with for The Parallel's currency code being PRL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SGD.

PRL to SGD conversion rate trend

1D7D1M3M1YAll
In the past 1D, The Parallel has changed -0.00% to SGD. Based on the trend and price charts, The Parallel(PRL) has changed -0.00% to SGD while Singapore Dollar(SGD) has changed % to PRL in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S$0.0007905
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/23 00:34:49(UTC+0)

How to buy The Parallel

buy-coin-step-0-img
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.
buy-coin-step-1-img
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
buy-coin-step-2-img
Buy The Parallel (PRL)
Use a variety of payment options to buy The Parallel on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of PRL with SGD. However, you can buy USDT in Bitget P2P trading first, and then buy PRL with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
No matching ads found.

Sell PRL (or USDT) for SGD (Singapore Dollar) offers

Bitget P2P trading currently does not support direct selling of PRL to SGD. However, you can first exchange PRL 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
Action
No matching ads found.

What factors influence the conversion rate of The Parallel to Singapore Dollar?

The Parallel to Singapore Dollar is rising this week.
The Parallel's current market price is S$ 0.0007905 per PRL, with a total market cap of S$ 0 SGD based on a circulating supply of -- PRL. The trading volume of The Parallel has changed by -100.00% (S$ -- SGD) in the last 24 hours. Last trading day, PRL's trading volume was S$ --.
Market cap
$0
24h volume
$0
Circulating supply
0 PRL

Conversion tables

The exchange rate of The Parallel is increasing.
1 PRL is currently valued at S$ 0.0007905 SGD , which means buying 5 PRL will cost S$ 0.003953 SGD . Similarly, S$1 SGD can be traded for 1,264.94 PRL, and S$50 SGD can be converted to 63,247.13 PRL, excluding any platform or gas fees.
The exchange rate of 1 PRL to Singapore Dollar has changed by +1.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.00%, reaching a high of 0.0007905 SGD and a low of 0.0007905 SGD . One month ago, the value of 1 PRL was S$ 0.0007862 SGD , which represents a +0.55% change from its current value. Over the last year, The Parallel has changed by
-S$
0.0003327SGD
, resulting in a change of -29.62% in its value.

PRL to SGD

Amount
08:09 am today
0.5 PRL
S$0.0003953
1 PRL
S$0.0007905
5 PRL
S$0.003953
10 PRL
S$0.007905
50 PRL
S$0.03953
100 PRL
S$0.07905
500 PRL
S$0.3953
1000 PRL
S$0.7905

SGD to PRL

Amount08:09 am today
0.5SGD632.47  PRL
1SGD1,264.94  PRL
5SGD6,324.71  PRL
10SGD12,649.43  PRL
50SGD63,247.13  PRL
100SGD126,494.26  PRL
500SGD632,471.32  PRL
1000SGD1,264,942.64  PRL

Today vs. 24 hours ago

Amount08:09 am today24 hours ago24h change
0.5 PRL$0.0002917$0.0002917
-0.00%
1 PRL$0.0005834$0.0005834
-0.00%
5 PRL$0.002917$0.002917
-0.00%
10 PRL$0.005834$0.005834
-0.00%
50 PRL$0.02917$0.02917
-0.00%
100 PRL$0.05834$0.05834
-0.00%
500 PRL$0.2917$0.2917
-0.00%
1000 PRL$0.5834$0.5834
-0.00%

Today vs. 1 month ago

Amount08:09 am today1 month ago1M change
0.5 PRL$0.0002917$0.0002901
+0.55%
1 PRL$0.0005834$0.0005802
+0.55%
5 PRL$0.002917$0.002901
+0.55%
10 PRL$0.005834$0.005802
+0.55%
50 PRL$0.02917$0.02901
+0.55%
100 PRL$0.05834$0.05802
+0.55%
500 PRL$0.2917$0.2901
+0.55%
1000 PRL$0.5834$0.5802
+0.55%

Today vs. 1 year ago

Amount08:09 am today1 year ago1Y change
0.5 PRL$0.0002917$0.0004145
-29.62%
1 PRL$0.0005834$0.0008289
-29.62%
5 PRL$0.002917$0.004145
-29.62%
10 PRL$0.005834$0.008289
-29.62%
50 PRL$0.02917$0.04145
-29.62%
100 PRL$0.05834$0.08289
-29.62%
500 PRL$0.2917$0.4145
-29.62%
1000 PRL$0.5834$0.8289
-29.62%

The Parallel price prediction

What will the price of PRL be in 2025?

Based on PRL's historical price performance prediction model, the price of PRL is projected to reach $0.0006592 in 2025.

What will the price of PRL be in 2030?

In 2030, the PRL price is expected to change by -19.00%. By the end of 2030, the PRL price is projected to reach $0.0007792, with a cumulative ROI of +33.56%.

Bitget Earn

A safe, convenient, and professional platform to maximize your crypto asset profits.
Coin

APR

Action

Latest coin listings on Bitget

New listings

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 The Parallel 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 The Parallel 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 The Parallel 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.