Analysis of recent Singapore dollar → peso forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Singapore dollar to Philippine peso performance and trends.
Forecasts for SGD to PHP
Recent forecasts highlight a challenging outlook for the Singapore Dollar (SGD) in relation to the Philippine Peso (PHP) amid escalating trade tensions. Analysts indicate that the U.S. tariffs imposed on imports from Singapore, along with similar measures affecting the Philippines, are contributing to a bearish sentiment for emerging Asian currencies. This has led to significant volatility, with regional currencies experiencing declines, driven by fears of a broader trade war that is dampening risk appetite among investors.
Despite Singapore's strong trade ties with the U.S., which account for 15% of its total trade, the 10% tariff could still pose challenges for the SGD's stability. The Monetary Authority of Singapore actively manages the SGD against a weighted basket of currencies; however, the current market conditions might compel the authority to consider strategic adjustments to support the currency.
For the PHP, analysts at ABN Amro anticipate a potential depreciation against the U.S. Dollar in 2025, citing weaker external balances and an overvalued peso. The peso's performance is further complicated by mounting political uncertainty surrounding the upcoming mid-term elections in the Philippines following the arrest of former president Rodrigo Duterte. While mid-term elections do not usually lead to drastic policy shifts, the heightened political landscape is likely to contribute to currency instability.
Price data shows that the SGD to PHP rate is currently at 42.90, which is close to its three-month average, indicating relatively stable trading within a narrow band of 2.4%, ranging from 42.39 to 43.40. However, given the backdrop of trade tensions and economic uncertainties, market participants are advised to remain vigilant and consider the potential for fluctuations in this exchange rate in the near future. Overall, the forecasts suggest a cautious approach for those engaged in transactions involving SGD and PHP, as external factors continue to exert influence on their movements.
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?
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.
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