Today’s Exchange Rate Of Singapore Dollar to Philippine Peso
SINGAPORE DOLLAR TO PHILIPPINE PESO — Here is the exchange rate between the Singapore Dollars and the Philippine Peso today, May 31, 2022.
Most Filipinos chose to live or work outside the Philippines as they want to earn a sustainable income and to also have a more comfortable and better life.
Even though the Regional Tripartite Wages and Productivity Board (RTWPB) has granted a wage hike to some regions in the Philippines, there are several countries that have a promising exchange rate of their currencies with the Philippine Peso.
With this, Filipinos chose to live or work abroad to help their families in the Philippines by sending remittances.
According to a report on CNA last week, Singapore has maintained its growth forecast for this year as the official data released by the Ministry of Trade and Industry showed that the country’s economy increased at a slower pace in the first three months of 2022.
Pinoys from Singapore are sending money to their family or loved ones in the Philippines, while Filipinos from the Philippines are receiving regular remittances from a family member or a loved one living or working in Singapore.
SGD-PHP rate matters to you regardless of whether you are a receiver of money from a family member or a loved one in Singapore or a sender of remittances to your family or loved ones. You can have your SGD converted to PHP through money exchange services and financial institutions.
The Philippines’ financial institutions offer money exchange rate services during weekdays — including Asia United Bank (AUB). Here is the Singapore Dollar to Philippine Peso exchange rate for today, May 31, 2022:
1 Singapore Dollar (SGD) to Philippine Peso (PHP)
- Buying: 37.9046
- Selling: 38.5917
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