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Live · SGD/VND

SGD Rate Watch

Two prices for 1 SGD: the official rate via Wise mid-market and the parallel rate via a crypto route (USDT P2P × XSGD swap). Updated every minute, full history.

SGDVND · official

Source

Wise

Mid-market benchmark

Unit

SGD/VND

VND per 1 SGD

Wise mid-market · VND per 1 SGD

SGDVND · parallel

USDT/VND

Anonoymous · VND per 1 USDT

USDT/XSGD

Anonoymous · XSGD per 1 USDT

USDT P2P × XSGD swap

Parallel vs official

Spread Checking premium

Maribank Mastercard Rate

Mastercard rate + 1.5% cashback · VND per 1 SGD

Trust Visa Rate

Visa rate + 0.5% cashback · VND per 1 SGD

History data

How to read the gap Official rate vs parallel rate Both numbers answer the same question: how many Vietnamese dong does 1 Singapore dollar represent? They differ because they come from different markets, with different rails, fees, limits, and liquidity.
SGD VN central bank VND
Who agrees to buy? Formal bank / VN central-bank channel The official quote is the VND price accepted inside regulated rails.

Official rate

The benchmark quote from the formal FX market. On this page, it is the Wise mid-market SGDVND rate: a clean reference price before transfer fees, account limits, or card spreads.

Source
Wise mid-market
Best use
Reference value
XSGD USDT VND
Who agrees to buy? Free market buyers The parallel quote is the VND price accepted by free market buyers.

Parallel rate

The market-implied price outside the bank quote. Here it is estimated from a crypto route: USDT/VND peer-to-peer pricing divided by the USDT/XSGD swap price.

Source
USDT P2P x XSGD
Best use
Market pressure
USDT/VND USDT/XSGD SGD/VND parallel

When parallel is higher

SGD is effectively more expensive through the alternative route. That can signal stronger demand for SGD, tighter VND liquidity, or wider crypto/P2P spreads.

When the gap narrows

The two markets are closer to agreement. The spread can still include transfer costs, execution risk, daily limits, and settlement delay.

Spread conditions

When does the gap become broad?

Think of the spread as a pressure gauge. It widens when people want foreign currency faster than the official channel can provide it, or when the alternative channel charges a premium for speed, privacy, and settlement risk.

Spread broadens when

  • Foreign-currency demand jumps: people buy SGD, USD, or USDT for remittance, imports, tuition, hedging, or moving capital out.
  • Official supply is rationed: bank rails require documents, limits, settlement time, or central-bank intervention is preserving reserves.
  • VND liquidity tightens: scarce local liquidity makes the cash leg more expensive and pushes users toward faster parallel rails.
  • Confidence weakens: if people expect VND to fall, they hold USD/USDT instead of selling it back, reducing parallel-market supply.
  • P2P/crypto risk rises: fewer sellers, larger orders, regulatory uncertainty, or weekend/after-hours urgency can lift the USDT premium.

Spread narrows when

  • Official rails meet demand: banks can quote, transfer, and settle without forcing users into slower workarounds.
  • Foreign currency flows through banks: remittance, export, and card/payment flows become visible and usable by the formal system.
  • Market confidence stabilizes: fewer people hoard USD/USDT, so supply returns to both bank and P2P markets.
  • P2P liquidity deepens: more competing sellers and smoother on/off-ramps reduce the premium embedded in USDT/VND.
  • Policy signals work: credible spot or forward action can cool expectations, though it may only buy time if the underlying pressure remains.
Demand Who needs SGD or USD now?
Supply Who is willing to sell foreign currency?
Friction How costly is it to use the official route?

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