SGD/PHP: what to know
The SGD/PHP rate shows how much PHP you get for 1 SGD. Right now, 1 SGD buys 49.1306 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.0204 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while PHP responds to overseas remittances and trade flows.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. The Philippine Peso (PHP) is issued by Bangko Sentral ng Pilipinas. The Philippines is the only Asian country with a currency called the “peso” — a legacy of Spanish rule.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.