SGD to PHP today: Singapore dollar to Philippine peso
1 Singapore dollar = ₱49.0219, and ₱1,000 buys 20.40 SGD. On a typical 260 SGD transfer from Singapore (₱12,746 today), the cheapest firm in the World Bank's Q3 2025 survey keeps ₱96.87 and the dearest ₱2,679.14. Against 2 Oct 2025, when it was ₱45.2264, 1,000 SGD brings ₱3,795.48 more (1,000 × ₱3.7955). Next: pick a firm from the cost table, then collect at a BSP-registered office near you (offices by province).
Rate: BSP Reference Exchange Rate Bulletin, 2 Oct 2026. Working: US$0.7813 per SGD × ₱62.7480 per US$ = ₱49.0219.
1 SGD = ₱49.0219 · ₱1 = 0.0204 SGD · official rate (BSP bulletin), 2 Oct 2026
The converter applies the 2 Oct 2026 rate with no fee or spread. Cross-check: the ECB euro reference rates of 2 Oct 2026 give ₱48.9106 per SGD (₱70.2650 per euro ÷ 1.4366 SGD per euro), 0.23% below the BSP figure. The ECB fixes around 14:10 CET, while BSP uses New York closes of 1 Oct 2026, so the two are taken at different times. Changing pesos into Singapore dollars instead? PHP to SGD has bank selling rates.
What sending SGD to the Philippines costs
World Bank Q3 2025 survey, Singapore: 19 firms priced a 260 SGD transfer (about US$200, ₱12,746 today) at 0.76% to 21.02% of the amount, fee and rate margin together, 3.16% on average. The gap between the two ends is ₱2,582.28 per transfer (20.26% × ₱12,745.69).
| Firm | Paid out as | Speed | Fee (SGD) | Rate margin | Total cost | Pesos lost | Cost on US$500 |
|---|---|---|---|---|---|---|---|
| InstaReMMoney Transfer Operator | Bank account | Same day | 1.77 | 0.08% | 0.76% | ₱96.87 | 0.76% |
| WiseMoney Transfer Operator | Bank account | Next day | 2.24 | 0.00% | 0.86% | ₱109.61 | 0.65% |
| DBS RemitBank | Bank account | Same day | 0.00 | 1.16% | 1.16% | ₱147.85 | 1.17% |
| SkrillMoney Transfer Operator | Bank account | Next day | 0.00 | 1.36% | 1.36% | ₱173.34 | 1.36% |
| Western UnionMoney Transfer Operator | Cash | Less than one hour | 3.00 | 0.43% | 1.58% | ₱201.38 | 1.05% |
| MoneyGramMoney Transfer Operator | Cash | Less than one hour | 3.00 | 0.56% | 1.71% | ₱217.95 | 1.03% |
| Smiles Mobile Remittance SingaporeMoney Transfer Operator | Bank account | Same day | 4.00 | 0.21% | 1.75% | ₱223.05 | 0.83% |
| iRemitMoney Transfer Operator | Bank account | 6 days or more | 5.00 | -0.01% | 1.91% | ₱243.44 | 0.77% |
| Singtel DashMobile Operator | Bank account | 2 days | 3.80 | 0.58% | 2.04% | ₱260.01 | 1.17% |
| Kabayan RemittanceMoney Transfer Operator | Bank account (partner) | Same day | 4.00 | 0.53% | 2.07% | ₱263.84 | 1.15% |
| A-Express RemitMoney Transfer Operator | Cash | Less than one hour | 4.50 | 0.40% | 2.13% | ₱271.48 | 1.10% |
| PNB (Philippines National Bank)Bank | Cash | Less than one hour | 5.00 | 0.28% | 2.20% | ₱280.41 | 1.06% |
| Brunphil ExpressMoney Transfer Operator | Cash | Less than one hour | 4.50 | 0.76% | 2.49% | ₱317.37 | 1.46% |
| Pay2Home RemittanceMoney Transfer Operator | Cash | Same day | 6.00 | 0.53% | 2.84% | ₱361.98 | 1.46% |
| Steadfast Money TransferMoney Transfer Operator | Bank account | Next day | 4.00 | 1.34% | 2.88% | ₱367.08 | 1.96% |
| GPL RemittanceMoney Transfer Operator | Bank account | Next day | 6.00 | 0.78% | 3.09% | ₱393.84 | 1.71% |
| RemitlyMoney Transfer Operator | Cash | 3-5 days | 3.99 | 1.62% | 3.15% | ₱401.49 | 2.24% |
| DBSBank | Bank account | 2 days | 25.00 | 0.79% | 10.41% | ₱1,326.83 | 4.67% |
| MaybankBank | Bank account (partner) | 3-5 days | 40.00 | 5.64% | 21.02% | ₱2,679.14 | 11.84% |
Singapore to the Philippines, 260 SGD, surveyed 19 Aug 2025 to 25 Aug 2025. Cheapest product per firm.
Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org (CC BY 4.0). Pesos lost = total cost × the amount in pesos at today's rate. A negative cost means the firm paid out more than the market rate on the survey day.
Check a quote against the official rate
Type the SGD amount and the pesos your app or counter promises; the checker shows what the rate and fee cost you in pesos. If the gap is wide, try another firm before you send. The Q3 2025 survey average above, 3.16%, is a fair yardstick.
- What this transfer costs you against the official rate
- ₱367.67 (1.50%)
- At the official rate
- ₱24,510.94
- Provider's effective rate
- ₱48.2865
Rate used: 1 SGD = ₱49.0219, 2 Oct 2026. Cost = value at that rate minus the pesos that arrive, plus the fee converted at the same rate.
Converting SGD at a Philippine bank
SGD to PHP over 30, 90 and 365 days
| Period to 2 Oct 2026 | High | Low | Average | Change |
|---|---|---|---|---|
| 30 days 23 rates | ₱49.548914 Sep 2026 | ₱48.923430 Sep 2026 | ₱49.2155 | +0.04%from ₱49.0013 |
| 90 days 64 rates | ₱49.548914 Sep 2026 | ₱47.30157 Aug 2026 | ₱48.3726 | +2.89%from ₱47.6445 |
| 365 days 245 rates | ₱49.548914 Sep 2026 | ₱44.617710 Oct 2025 | ₱46.9162 | +8.39%from ₱45.2264 |
Pesos per 1 SGD. Change = (today − start of period) ÷ start of period. One value per BSP banking day from the BSP daily peso cross-rate series and bulletins.
SGD and PHP amounts, both ways
SGD to PHP
| 1 SGD | ₱49.0219 |
|---|---|
| 5 SGD | ₱245.11 |
| 10 SGD | ₱490.22 |
| 50 SGD | ₱2,451.09 |
| 100 SGD | ₱4,902.19 |
| 500 SGD | ₱24,510.94 |
| 1,000 SGD | ₱49,021.88 |
| 5,000 SGD | ₱245,109.38 |
Each row: amount × ₱49.0219, the 2 Oct 2026 rate, before fees.
PHP to SGD
| ₱100 | 2.04 SGD |
|---|---|
| ₱500 | 10.20 SGD |
| ₱1,000 | 20.40 SGD |
| ₱5,000 | 102.00 SGD |
| ₱10,000 | 203.99 SGD |
| ₱50,000 | 1,019.95 SGD |
Each row: pesos ÷ ₱49.0219, before fees. Sending one of these amounts? Test the pesos promised in the quote checker.
Receiving SGD transfers in the Philippines
Cash remittances from Singapore reached US$2.58 billion in 2025 (BSP, preliminary), and the DMW deployed 221,492 Filipino workers there that year (DMW 2025 deployment).
The 19 surveyed firms offer 38 ways to send on this corridor: 21 pay out into a bank account, 17 pay out as cash for pickup; 16 arrive in less than an hour. Cash pickup works at BSP-registered remittance agents, pawnshops and banks; a bank or e-wallet credit saves the trip.
If you hold SGD cash, BPI's posted buying rate is ₱48.2449 (2 Oct 2026, 4:19 PM) and Metrobank buys notes at ₱47.5400 (2 Oct 2026, 9:09 AM). Find a registered office near you on the remittance centres by province page, compare e-wallet cash-in and cash-out fees, and check the InstaPay and PESONet fee before moving the pesos to your bank.
How Philippine tax treats SGD you receive
- Money family abroad sends you is not part of your gross income: gifts are excluded under NIRC Sec. 32(B)(3), and an OFW's pay earned abroad is not taxed here under Sec. 23(C). Money paid to you for work is income in any currency. More: are remittances taxable?
- OFW remittances are exempt from documentary stamp tax when the recipient shows the OFW's OEC or OWWA certificate (RA 8042 Sec. 35 as amended by RA 10022). More: documentary stamp tax.
- Kept in a foreign currency deposit, the interest of a resident is taxed at a 20% final tax since 1 July 2025 (RA 12214, CMEPA). More: final tax.
- A business converts SGD amounts at the BSP rate on the transaction day, is taxed on forex gains only when realized, and loses other rates in an audit unless it filed the sworn statement (BIR RMC 12-2024). More: income tax.
SGD to PHP questions
How much is 2,000 SGD in Philippine pesos?
2,000 × ₱49.0219 = ₱98,043.75 at the 2 Oct 2026 rate, and 10,000 SGD is ₱490,218.75. What arrives is lower by the provider's fee and rate margin.
What is the highest SGD to PHP rate?
In the three years to 2 Oct 2026 the highest daily value was ₱49.5489 on 14 Sep 2026 and the lowest ₱41.1078 on 10 Nov 2023. By monthly average, the highest since January 1978 was ₱49.2208 in September 2026. Source: BSP daily peso cross rates.
Will the Singapore dollar go up against the peso?
Nobody can know that in advance. It moves with interest-rate decisions of the BSP and the central bank of Singapore, trade and remittance flows, and global risk appetite. Over the last year it ranged from ₱44.6177 (10 Oct 2025) to ₱49.5489 (14 Sep 2026).
Why does my bank or app give less than ₱49.0219?
This is a reference rate with no spread. Banks buy below it: BPI posted ₱48.2449 per SGD (2 Oct 2026, 4:19 PM) and Metrobank posted ₱48.6100 per SGD (2 Oct 2026, 9:09 AM). Remittance firms add a fee and a rate margin; compare the pesos that arrive. Source: BPI rates page.
Which rate applies on a weekend or holiday?
The Friday 2 Oct 2026 bulletin, generated by the BSP at 08:43 AM, stays the reference until the next one, Monday 5 Oct 2026 at the earliest (later if that is a holiday). Banks and apps keep setting their own rates in between. Source: BSP exchange rate page.
Does the sender owe tax on a large gift from Singapore?
Possibly. Donor's tax is 6% of a donor's total gifts above ₱250,000 in a calendar year (NIRC Sec. 99 as amended by RA 10963), and the sender owes it, not the recipient. At the 2 Oct 2026 rate, ₱250,000 is 5,099.76 SGD. Source: RA 10963 (TRAIN), Sec. 99.