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Understanding the Table:
The comparison table above helps you see the total cost of your OFX currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The average SGD rate margin offered by OFX is 3.4%.
This average is based on individual SGD 10K transfer rates in the currency pairs from OFX that we monitor.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
The tables below show the best and worst exchange rate margins offered by OFX for Singapore dollar (SGD 10K) transactions. Margins show the percentage difference from the mid-market rate.
Singapore dollar (SGD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
SGD/PHP Outlook: Likely to increase, as the rate is above its recent average and near recent highs, supported by Singapore's strong economic performance.
SGD/USD Outlook: Likely to increase, supported by strong performance above its recent average and near recent highs.
USD/PHP Outlook: Likely to move sideways, as the rate is near its recent average and lacks a clear driver.
To help you understand the real-world value of the current exchange rate, the table below shows how much Singapore dollar are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different SGD amounts at today’s rate * :
*Converted at the current SGD-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The OFX SGD to PHP exchange rate is 46.16. This is -0.5% compared to the latest SGD-PHP mid-market rate 46.39.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to Philippine peso (PHP) rates from different sources before making a conversion.
The above OFX - Singapore dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest SGD-PHP mid-rate and the possible savings of using various providers.
Looking at the full SGD to PHP - Send Money comparison table the provider with the best SGD to PHP exchange rate is OFX at 46.16, -0.5% from the latest mid-market rate 46.39.
The next best is Wise at 46.12, -0.58% from the mid-rate.
Then XE at 46.11, which is -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 42.07 at -9.3% the OCBC Bank rate is 45.14 at -2.7% and the Maybank rate is 44.77 at -3.5% compared to the mid-rate 46.39.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service like OFX or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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