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SGD to PHP Forecasts – Singapore dollar to Philippine peso

Latest SGD to PHP forecasts including bank predictions, key market drivers and recent trends for SGD/PHP. See where analysts expect the pair to move and the factors likely to influence it.

 

SGD to PHP Forecast & Outlook

23 May 2026 • 01:04 GMT

SGD/PHP 48.02

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 45.4400 – 48.4100
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, SGD/PHP is trading close to its 7-day lows near 48.02, supported by risk-off sentiment and market volatility. Over the next few sessions, the pair may remain sensitive to risk conditions, with near-term bias leaning towards weakness as safe-haven flows dominate. Conditions suggest the pair could face downside pressure if risk sentiment persists.

💸 Transfer implications

  • Expats: sending money to the Philippines may find the exchange rate less favourable than recent levels.
  • Travellers: exchanging currency or loading cash in PHP could see less value in their foreign cash.
  • Businesses: paying PHP invoices using SGD might encounter higher costs if the pair continues to weaken.

🧭 Key drivers

  • Rate gap: The policy stance remains neutral, with the pair trading near its 3-month average and a broad range from 45.44 to 48.41.
  • Risk/commodities: Global risk-off conditions supported by market volatility and US dollar strength drive PHP sentiment.
  • Global factors: US dollar strength and geopolitical risk remain key influences on the pair.

⚠️ What could change it

  • Upside risk: A risk-on shift or easing global market volatility could support the pair and improve the SGD/PHP rate.
  • Downside risk: Further US dollar strengthening or heightened geopolitical tensions could deepen the pair's downside.

Shopping around for the lowest margin provider may help reduce overall transfer costs.

SGD-PHP Rate Calculator

 
 
   
   
   
   
   
 
 

SGD to PHP Market Data

Singapore dollar (SGD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell SGD   →   Buy PHP
1 SGD =
48.02We compare provider deals to this wholesale mid-market rate. Read more
PHP
1d−0.4%▼
SGD to PHP is at 7-day lows near 48.02, 2.0% above its 3-month average of 47.06, having traded in a relatively stable 6.5% range from 45.44 to 48.41
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  1 PHP = 0.020825 SGD

Compare & Save - Singapore dollar to Philippine peso

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to Philippine peso (PHP) rates from different sources before making a conversion.

Use our SGD to PHP calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Singapore dollar to Peso currency rates and the possible savings of using various providers.

 
 

Will the Singapore dollar rise against the Philippine peso?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Singapore dollar vs Philippine peso current value is to look the SGD/PHP historic rate and change over a range of periods.

The following table looks at the change in the SGD to PHP exchange rate over periods from the previous week back to the last 10 years.

DateSGD/PHPChangePeriod
08 May 2026
47.75
0.8% ▲2 Week
21 Feb 2026
45.78
5.2% ▲3 Month
22 May 2025
43.08
11.8% ▲1 Year
23 May 2021
35.99
33.8% ▲5 Year
24 May 2016
33.86
42.2% ▲10 Year
27 May 2006
33.37
44.3% ▲20 Year
SGD/PHP historic rates & change to 22-May-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add SGD/PHP to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more