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SGD to PHP - Compare Exchange Rates

Singapore Dollar to Philippine Peso - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

Compare SGD/PHP Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks for SGD/PHP International Money Transfers. Costs are calculated against the amount when SGD is converted to PHP at mid-rate.

Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Foreign Transfer Providers
Ratings & Reviews
Receive PHP(₱)Exchange RateFee SGDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
379,200 PHP37.9203.11%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
379,100 PHP37.9103.14%Bank Transfers - Online & Phone1-2 days
OCBC Bank International Money Transfers
OCBC Bank logo
376,992 PHP38.08$1003.68%Online, Branch, Bank Transfers2-3 days
DBS Bank logo
374,924 PHP37.56184.2%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
372,779 PHP37.42184.75%Online, Branch, Bank Transfers2-3 days
HSBC logo
371,242 PHP37.18$155.15%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
367,958 PHP36.84125.98%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer SGD→PHP
SGD amount:$10,000 SGD
Fee:0
Exchange Rate:37.92 (3.11% from mid-rate)
PHP amount:379,200 PHP
Total Cost:3.11%
Time:
Rate Fetched: Wed Mar 20 2019 11:15:43 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer SGD→PHP
SGD amount:$10,000 SGD
Fee:
Exchange Rate:37.91 (3.14% from mid-rate)
PHP amount:379,100 PHP
Total Cost:3.14%
Difference:
100 PHP less than using OFX
Time:13:55 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→PHP
SGD amount:$10,000 SGD
Fee:$100 SGD (1%)
Exchange Rate:38.08 (2.7% from mid-rate)
PHP amount:376,992 PHP
Total Cost:3.68%
Difference:
2,208 PHP less than using OFX
Time:13:55 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer SGD→PHP
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:37.56 (4.03% from mid-rate)
PHP amount:374,924 PHP
Total Cost:4.2%
Difference:
4,276 PHP less than using OFX
Time:13:55 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→PHP
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:37.26 (4.8% from mid-rate)
PHP amount:372,779 PHP
Total Cost:4.75%
Difference:
6,421 PHP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→PHP
SGD amount:$10,000 SGD
Fee:$15 SGD (.15%)
Exchange Rate:37.18 (5% from mid-rate)
PHP amount:371,242 PHP
Total Cost:5.15%
Difference:
7,958 PHP less than using OFX
Time:13:55 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→PHP
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:36.84 (5.87% from mid-rate)
PHP amount:367,958 PHP
Total Cost:5.98%
Difference:
11,242 PHP less than using OFX
Time:13:55 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

SGD to PHP interbank exchange rate = 39.2301

Right now the SGD/PHP interbank exchange rate is 39.2301. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Philippine Peso to Singapore Dollar.

This SGD/PHP Converter calculates equivalent Singapore Dollar to Philippine Peso amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

SGD / PHP converter & margin calculator


$SGD
₱PHP
Mid-rates:
 

Compare how much you can save on
SGD/PHP exchange rates for:

Foreign Transfers

1 Week SGD to PHP
Loading SGD/PHP rates

Singapore Dollar

Philippine Peso

1 SGD 39.23 PHP
5 SGD 196.15 PHP
10 SGD 392.30 PHP
20 SGD 784.60 PHP
50 SGD 1,961.51 PHP
100 SGD 3,923.01 PHP
250 SGD 9,807.53 PHP
500 SGD 19,615.05 PHP
1,000 SGD 39,230.10 PHP
2,000 SGD 78,460.20 PHP
5,000 SGD 196,150.50 PHP
10,000 SGD 392,301.00 PHP
50,000 SGD 1,961,505.00 PHP
100,000 SGD 3,923,010.00 PHP
See more

Singapore Dollar

Philippine Peso

0.0255 SGD 1 PHP
0.1275 SGD 5 PHP
0.2549 SGD 10 PHP
0.5098 SGD 20 PHP
1.2746 SGD 50 PHP
2.5491 SGD 100 PHP
6.3728 SGD 250 PHP
12.75 SGD 500 PHP
25.49 SGD 1,000 PHP
50.98 SGD 2,000 PHP
127.46 SGD 5,000 PHP
254.91 SGD 10,000 PHP
1,274.55 SGD 50,000 PHP
2,549.10 SGD 100,000 PHP
See more

PHP Country Guides
PhilippinesPhilippines

Singapore Dollar to Philippine Peso (SGD-PHP) - 10 Year History

The below table shows the historic variation in the SGD/PHP exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of SGD versus other currencies : SGD historical charts.

DateExchange RatePeriodChange
20 Mar 201939.1778Latest
13 Mar 201938.92371 Week+0.65%
18 Feb 201938.56441 Month+1.59%
21 Sep 201839.67276 Months-1.25%
20 Mar 201839.53111 Year-0.89%
20 Mar 201735.85952 Years+9.25%
21 Mar 201435.49775 Years+10.37%
22 Mar 200931.815610 Years+23.14%

Why can't I just get the SGD/PHP market rate I see on Google or in the Media?

The SGD/PHP mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the SGD / PHP was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market SGD/PHP midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good SGD to PHP exchange rate

  1. Know the latest SGD/PHP market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Singapore Dollar and Philippine Peso

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the SGD vs PHP, you should pay attention to both Singapore Dollar and Philippine Peso news and forecasts.

Singapore Dollar (SGD) - Market news and forecasts

22-February-2019: 2018 was a steady year for the Singapore dollar: on balance it gained value, but it did lose out slightly against the world’s reserve currency, the US dollar.

2019 has begun reasonably well. Entering the final week of February, SGD was a percent higher year-to-date versus USD, but at US$0.74 was in line with its 2018 average rate. SGD was 2 percent higher year-to-date against EUR at a 9-month closing high of €0.653 — 4 percent higher than 2018’s average.

Against AUD, in February, SGD was unchanged year-to-date but was 4.5 percent higher than last year's average, at A$1.038. During a flash crash on January 3rd, SGD/AUD briefly traded at a 10-year high of A$1.088.

With Singapore being a small, trade-dependent country, prime risks to SGD for 2019 include the re-emergence of trade tensions between China and the US, and/or a serious global economic slowdown.

Traders, though, were happy to bet against the above risks and on SGD appreciation at the time of this report: a Reuters survey in February showed “long” SGD positions among bank traders rising to the highest level in 10 months.

Philippine Peso (PHP) - Market news and forecasts

The peso suffered one of its sharpest falls in recent years on March-12 when it weakened by 93 centavos against the dollar (an amount nearly four times the peso’s average daily range) to 53.05. This ended a good run for the peso, which appreciated away from record lows (54.43) in four of the five months between October and February.

The mid-march weakness was driven by significant developments in Philippine monetary policy. The country’s central bank governor suggested there could be significant policy easing this year in the form of policy rate cuts and cuts to the amount of cash that banks must hold in reserve.

The developments appeared to vindicate those analysts polled by Bloomberg in January, who collectively predicted that the peso would struggle in 2019.

An ING analyst said in March that the central bank would be comfortable with the peso between 52 and 55 per dollar, beyond which there may be market intervention. ING is forecasting the peso at 54.04 at year-end.