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, June 8, 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.
Last June 5, Manila Bulletin reported that Bangko Sentral ng Pilipinas (BSP) officials said, in an email to Manila Bulletin, that the central bank is ready to implement a policy response in order to address the global financial spillovers that could weaken the peso further and could interrupt the flow of capital into the Philippines that will affect the growth trajectory.
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, June 8, 2022:
1 Singapore Dollar (SGD) to Philippine Peso (PHP)
- Buying: 38.1324
- Selling: 38.9089
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