# SGD → IDR: Singapore Dollar to Indonesian Rupiah settlement on Sera

> Singapore-Indonesia is one of the most frequently traveled and most heavily remitted corridors in ASEAN. Banks quote 200–300 bps spreads; LPs on Sera collect a meaningful share of that gap.

- **Corridor:** SGD ↔ IDR (Singapore ↔ Indonesia)
- **Status:** Live
- **Bridge stablecoins:** XSGD ↔ IDRT
- **Settlement speed:** Sub-second on-chain · ~10s door-to-door

## How settlement flows

Sender funds via PayNow into a Sera virtual account; SGD is converted to XSGD; Sera's SOR routes XSGD ↔ IDRT through your liquidity; IDRT is redeemed into IDR and pushed via BI-FAST to the recipient's bank or e-wallet.

## Local payment rails

- **Singapore (SGD):**
  - PayNow (Real-time — Bank/mobile addressable)
  - FAST (Real-time — Domestic interbank)
- **Indonesia (IDR):**
  - BI-FAST (Real-time — Bank Indonesia rail)
  - QRIS (Real-time — QR-code interop)

## Use cases

- Maid remittance
- SME payroll
- Tourism payouts

## Risk notes for liquidity providers

IDR pricing exhibits weekend basis. LPs should be aware of overnight inventory imbalance during Indonesian public holidays. Smart-contract and oracle risk apply per Sera's CertiK-audited contracts.

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Live page with current rates: https://sera.cx/coverage/sgd-idr · Swap at https://app.sera.cx · All corridors: https://sera.cx/coverage · Full corpus: https://sera.cx/llms-full.txt