You can turn SBD into Steem and then use Steem to power up. (There is a drop down next to your Steem with a power up option. SBD Steem Dollar is usually pegged to the US dollar at $1. It has been averaging about $8 as of late, so many are just holding onto the Steem Dollars for now. not financial advice, but you may want to read up on it on Steemit.
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But you also get more steem for your steemdolars at the marketplace. Which is also what you ment with powering up witch SBD i assume(or through an external exchange).