XRP/SGD: what to know
The XRP/SGD rate shows how much SGD you get for 1 XRP. Right now, 1 XRP buys 1.7311 SGD at the mid-market rate. In the other direction, 1 SGD is worth 0.5777 XRP.
In the short term XRP is driven mainly by crypto-market sentiment and regulation, while SGD responds to the MAS-managed currency basket.
XRP is designed for fast, low-cost payments and cross-border settlement. The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Over the past 12 months the XRP/SGD rate has ranged between 1.2696 and 3.9550 — a change of -56.42% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.