Convert SGD to PHP - Singapore dollar to Filipino piso Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE SGD/PHP EXCHANGE RATE
The SGD/PHP symbol denotes the trading of the Singapore dollar against the Philippine peso in the forex market - a combination of two Asian currencies. The SGD is the official currency in use across the island nation of Singapore and is an important currency that forex traders monitor to gauge the health of the overall Asian and global economy.This is because Singapore is considered an important hub for international trade and also serves as a key gateway into the Asian markets. The Singapore dollar experiences volatility in keeping with the market sentiment - a risk-on sentiment strengthens its value while a risk-off mood causes it to trade weaker against other currencies.The PHP is the official currency of the Philippines and is one of the more active emerging market currencies traded in the forex market. The PHP has undergone several rounds of transformations - from being pegged to the US dollar and having undergone multiple rounds of devaluation, in its current form, it is a free-floating currency. The official exchange rate of the PHP experiences fluctuations driven by supply and demand instead of political developments that used to affect it previously, and has helped contain the black market exchange of the currency as a result.
SGD to PHP CONVERSION RATES
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<% amount / currencies.converter.rate |toFixed: 4 %> SGD
SGD to PHP CHARTS
SGD/PHP Live Chart
SGD/PHP Historical Chart
SGD to PHP EXCHANGE RATE - FAQ
What economic events affect the exchange rate of SGD/PHP?

The exchange rate of SGD/PHP experiences considerable volatility on the release of important economic data from Singapore and the Philippines, including GDP, employment rate, inflation, trade balance, PPI, PMI readings from manufacturing and services sectors, retail sales, and industrial production.

How do central bank decisions influence the currency rate of SGD/PHP?

The values of both SGD and PHP experience changes on the release of monetary policy and interest rate decisions by the Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP). For instance, if the BSP decides to hike rates, the PHP turns stronger, causing SGD/PHP to trade bearish, and vice versa.

What was the highest value of SGD/PHP in 2020?

SGD/PHP touched a high of 38.00 on 6 January 2020. This was the strongest level this currency pair has traded at in 2020.