SGD to PHP Exchange Rate Today
Convert Singapore Dollars to Philippine Pesos with live SGD/PHP rates for remittances, Manila business, or Philippines property. Support Filipino families effectively.
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Sending 1,000.00 SGD → PHP
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Mid-Market Rate
After Fees
Exchange rate: Real-time mid-market rate from OpenExchangeRates API. Transfer fees: Based on typical provider fees.Note: Providers may offer different exchange rates than the mid-market rate shown. Always check the provider's website for their actual exchange rate and final pricing before sending.
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Frequently Asked Questions
What is the current SGD to PHP exchange rate?
The Singapore Dollar to Philippine Peso rate typically ranges between ₱40-44 per S$1. Bangko Sentral ng Pilipinas (BSP) policy, OFW (Overseas Filipino Worker) remittances, and Singapore-Philippines trade relations influence this rate. Over 200,000 Filipinos work in Singapore, making this corridor vital for Philippine family remittances.
Why is this rate important for Filipino workers?
Filipino domestic helpers, healthcare workers, and construction workers in Singapore send billions in remittances annually. Every S$0.01 difference in rate affects monthly family support significantly. Singapore employs more Filipino domestic workers than any country—over 80,000 households. Regular remittances support education, healthcare, and housing back home.
What's the best way to send SGD to Philippines?
Use remittance services like Wise, Remitly, or WorldRemit (0.5-1.5% fees, fast transfers), Singapore banks like DBS or OCBC (2-3% fees), Philippine banks' Singapore branches like BDO or BPI, or traditional services like Western Union (convenient but expensive). Many Filipinos use multiple services to compare rates.
When should I convert SGD to PHP?
Singapore retirees buying Manila condos benefit when SGD exceeds ₱42, reducing S$200K property cost by ₱2M versus ₱40. Singaporeans in Philippines (20,000+ retirees, expats in Manila, Cebu) converting retirement funds watch BSP Thursday announcements. Peso depreciation (inflation 4-6% annually) favors conversions. Difference between ₱40 and ₱42 equals S$9,524 on ₱8M property—significant for Singapore professionals funding BGC or Makati investments, Filipino domestic helper salaries (200,000+ in Singapore remitting S$3B), or retirement beach properties in Boracay, Palawan under Philippine visa programs.
Are there limits on sending money to Philippines?
Singapore has no outbound limits for personal remittances. Philippines welcomes all remittances—no tax on incoming OFW transfers. Amounts above $10,000 equivalent need reporting for anti-money laundering. For property purchases, consult Philippine banks about foreign exchange documentation requirements.