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Understanding the Table:
The comparison table above helps you see the total cost of your Maybank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Singapore dollar (SGD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
SGD/PHP Outlook: Slightly weaker, but likely to move sideways, given its position just above the recent average and recent low trading levels.
SGD/USD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average, yet lacks a clear driver.
USD/PHP Outlook: Bearish, as the rate is below its recent average and near recent lows, influenced by economic signals from both the US and Philippines.
To help you understand the real-world value of the current exchange rate, the table below shows how much Singapore dollar are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different SGD amounts at today’s rate * :
*Converted at the current SGD-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Maybank SGD to PHP exchange rate is 44.55. This is -3.5% compared to the latest SGD-PHP mid-market rate 46.16.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to Philippine peso (PHP) rates from different sources before making a conversion.
The above Maybank - Singapore dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Maybank and other foreign exchange providers against the latest SGD-PHP mid-rate and the possible savings of using various providers.
Looking at the full SGD to PHP - Send Money comparison table the provider with the best SGD to PHP exchange rate is OFX at 45.93, -0.5% from the latest mid-market rate 46.16.
The next best is XE at 45.89, -0.58% from the mid-rate.
Then Wise at 45.86, which is -0.65% from the mid-rate.
Among the banks the CIMB Bank rate is 42.07 at -8.9% the OCBC Bank rate is 44.92 at -2.7% and the Maybank rate is 44.55 at -3.5% compared to the mid-rate 46.16.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Maybank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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