Compare Singapore Dollar to peso For Sending Money to Philippines from Singapore

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Mid Market Rate

The mid-market rate is the midpoint between the buy and sell prices of two currencies.
Make money transfers and manage your account online 24 hours a day, 7 days a week from any device. XE Money has some best customer reviews we have ever seen, which shows that the users are satisfied with its services.
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers

More Available Options

You can check rates of some more providers that may support your country
With a worldwide agent network of more than 314,000 locations in 144 countries and growing
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
With Xendpay you get the best deal and make a big difference with every transfer
<p>Trusted by millions for every kind of online global payment, Skrill now makes payments simple, secure and quick in nearly 200 countries and 40 currencies.</p>
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

About Singapore and Philippines

As expected, there are so many Philippines residing in Singapore for various reasons. Needless to say, the need to transfer money to the Philippines from Singapore had spearheaded the establishment of some impressive money transfer services. With over millions of SGD converted to PHP annually, there is a tight competition between money transfer services to win more users. How do they do this? By providing competitive rates and that is what you need to take advantage of.

How to send money from Singapore to the Philippines with the best rates

If you want to send money from Singapore to the Philippines today, you will need to choose from 3 main options. Remember that money transfer is a service that has changed over the years and in an era when technology is making the world a better place, money transfer has become much simpler. The main ways through which you can complete your Singapore to Philippines transfer today include:

Through banks: Banks have been the main means of sending money to the Philippines from Singapore for a very long time. These services have only gotten better today with options like mobile banking being introduced. When sending money to the Philippines via bank transfers, you might want to be keen on the exchange rates as provided by the available banks that offer the services. It will go a long way to cut the cost for you.

Using money Apps: This is perhaps the most popular way of sending money from Singapore to the Philippines. Money apps have changed the financial world today and when it comes to cross border transfers, these apps will impress you. Don't forget that there are plenty of money apps to send money to the Philippines out there but you will need to be extra cautious so that you can identify a legitimate one. At Exchange Rate IQ, we help you to make the right decision by providing you with online money transfer services that are legit. Some of the top picks according to money senders include; TransferWise, WorldRemit, RIA, and XE Money.

If you are looking for the cheapest way to send money from Singapore to the Philippines, you may want to consider using online money transfer services. You will however like to know that some apps will not charge you for the transfer only that you will have to wait significantly longer, about 3 to 5days before your transfer is complete.

Cash pick up services: If you were born before technology then you already understand that money used to be sent to be picked at specific points. The service is still alive today and through companies like Western Union and MoneyGram, you can have your money sent and picked in cash in the Philippines. Cash transfer services are known to be one of the fastest ways of sending money plus, there is little requirement for you to initiate a transfer. It is however imperative to know that the fastest way to send money from Singapore to the Philippines will in most cases come at an extra cost.

Things to consider when sending money from Singapore to the Philippines

One of the main things that will come to mind before you initiate any transfer is the cost of service. There are three ways through which money transfer agents make their money from you. They can have a cost of service, they can implement hidden costs and lastly, they can set low exchange rates in order to earn big commissions. By using our platform to compare money transfer services, this is information that you will easily access without breaking a sweat.

You will want to consider how long the transaction will take so that you can know if the money has reached the owner or if there is an issue. Luckily enough, many professional money transfer agents that you will come across will offer you tracking services to help you know the status of your transfer. In case there are any abnormalities, your first step of action should be getting in touch with the customer care for help. Also, make sure to pick a service that will not give the receiver hard to access the money.

FAQ's

Can I send money from Singapore to the Philippines without a bank account?

Unless you want to use direct cash delivery services, you may need to have a bank account in order to send money to the Philippines. That is because most online transactions are charged from debit cards which are linked to bank accounts.

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How long does it take for money to reach the Philippines from Singapore?

If you go with a faster means, it should take only a few minutes before your money can reach the Philippines. If you go with slower options like free money transfer services, your transaction can take up to 5 working days.

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I have made the same transaction twice. What should I do?

You may want to quickly initiate a reverse by contacting your customer care support. One of the main causes of double transactions is due to the systems hanging so that the new balance is not reflected. If you are sending money to the Philippines online, always make sure to confirm from your transaction history if the transfer was successful.

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Historical Mid Market Exchange Rate From Singapore Dollar (SGD) to Peso (PHP) (Weekly)

Current Exchange Rate(Mid Market) :- 41.58 PHP/SGD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion SGD To PHP

Send Singapore Dollar To PHILIPPINES Receive Peso
1 SGD TO PHP 41.58
50 SGD TO PHP 2079
100 SGD TO PHP 4158
250 SGD TO PHP 10395
500 SGD TO PHP 20790
1000 SGD TO PHP 41580
5000 SGD TO PHP 207900
10000 SGD TO PHP 415800
Send Peso Receive Singapore Dollar From PHILIPPINES
1 PHP FROM SGD --
50 PHP FROM SGD --
100 PHP FROM SGD --
250 PHP FROM SGD --
500 PHP FROM SGD --
1000 PHP FROM SGD --
5000 PHP FROM SGD --
10000 PHP FROM SGD --

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