Loading...

Home pages - full list (A-Z)

SGD to PHP - Rate Guide

Singapore Dollar to Philippine Peso exchange rates aren't all the same.

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

 

SGD/PHP update & alerts

1 SGD = 37.35 PHP

Sell SGD - Buy PHP  Invert

SGD to PHP - Trading Range (90 Day)
30-DAY HIGH (4d)
90-DAY TREND: At 37.34 SGD/PHP is trading 0.4% below the average 37.5 with a range 37.15 to 38.04. There are no current alerts.
Update: 06-Dec 16:07-EST 21:07-GMT 08:07-AEDT(+1D)

More Charts

SGD/PHP Exchange Rates and Providers Compared

This guide to the Singapore Dollar to Philippine Peso exchange rate with 90-day chart & alerts, historic rates, forecasts and SGD to PHP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our SGD/PHP Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for SGD/PHP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

SGD to PHP International Money Transfers

  

Foreign Transfer ProvidersReceive PHP(₱)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
371,19737.31S$510.62%
OCBC Bank International Money Transfers
OCBC Bank logo
359,76636.34S$1003.68%
OFX logo
358,70035.870 for BER users (normally $15)3.96%
DBS Bank logo
354,66035.53185.04%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
353,42035.47185.38%
HSBC logo
351,17235.17S$155.98%
Citibank International Money Transfers
Citibank logo
348,08234.85126.81%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 

TransferWise logo

TransferWise: Foreign Transfer SGD→PHP
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:37.31 (0.11% from mid-rate)
To Amount (PHP)371,197
Total Cost:0.62%
Time:1:11 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

OCBC Bank logo

OCBC Bank: Foreign Transfer SGD→PHP
From Amount (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:36.34 (2.7% from mid-rate)
To Amount (PHP)359,766
Total Cost:3.68%
Difference:
₱11,431 PHP less than using TransferWise
Time:1:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer SGD→PHP
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:35.87 (3.96% from mid-rate)
To Amount (PHP)358,700
Total Cost:3.96%
Difference:
₱12,497 PHP less than using TransferWise
Time:
Rate Fetched: Sun Dec 08 2019 00:15:27 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logo

DBS Bank: Foreign Transfer SGD→PHP
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:35.53 (4.87% from mid-rate)
To Amount (PHP)354,660
Total Cost:5.04%
Difference:
₱16,537 PHP less than using TransferWise
Time:1:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→PHP
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:35.24 (5.65% from mid-rate)
To Amount (PHP)353,420
Total Cost:5.38%
Difference:
₱17,777 PHP less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logo

HSBC: Foreign Transfer SGD→PHP
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:35.17 (5.84% from mid-rate)
To Amount (PHP)351,172
Total Cost:5.98%
Difference:
₱20,025 PHP less than using TransferWise
Time:1:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer SGD→PHP
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:34.85 (6.69% from mid-rate)
To Amount (PHP)348,082
Total Cost:6.81%
Difference:
₱23,115 PHP less than using TransferWise
Time:1:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

WorldRemit logo

WorldRemit: Foreign Transfer SGD→PHP
From Amount (SGD)S$10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 12/08/2019 - See full table

SGD and PHP in the Markets

When determining the best time to make a foreign exchange transaction, in this case the SGD vs PHP, you should pay attention to the recent market trends for both currencies.

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD Forecasts.

 

Philippine Peso (PHP)

It’s been a solid start to 2019 for the Philippine peso, which is up slightly (between 0.6 and 2 percent) against the US dollar, Australian dollar and euro. The peso has rebounded from 13-year lows struck in the fourth quarter of last year courtesy of economic reforms, proposed fiscal spending and an S&P credit rating upgrade.

The peso slipped in the week leading up to May’s Bangko Sentral ng Pilipinas meeting, with traders correctly forecasting an interest rate cut (the first since 2016). The BSP is able to lower rates because inflation has halved over the past 6 months and is back at targeted levels.

The peso steadied post-BSP at levels near 52.2 per USD but might be pressured in the months ahead from further policy easing, which hasn’t been ruled out.

Per an ING analyst, the BSP will be comfortable with peso exchange rates between 52 and 55 per USD, but beyond these levels they might intervene in markets. ING is forecasting USD/PHP at 54 at year-end.

Why can't I just get the SGD/PHP market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the SGD / PHP was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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.

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

We help you Compare & Save Money on Exchange Rates.

 

View all SGD Exchange Rates