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Best option: Wise
We tested & reviewed 10 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 92.8% of Singapore to Philippines searches, and was the top rated company supporting money transfers between SGD and PHP.
For a great mix of cost, speed & features, transfer from Singapore to Philippine Peso using Wise.
How to send money from Singapore to Philippines
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Philippine Peso from Singapore.
- Choose a provider
Select the provider offering the best way to send to the Philippines based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Philippine Peso will soon be on their way to the Philippines.
Summary of recent searches
Considerations when sending from Singapore to Philippines
Comparing money transfer companies with services between Singapore and the Philippines, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.
For this route, we’ve compared 10 providers providing services between Singapore and Philippines. This ensures you will get the best options when sending Philippine Peso to the Philippines.
Over the last six months, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to the Philippines will provide a specific provider that’s best for transferring money from Singapore.
Cheapest way to transfer money to the Philippines from Singapore: Instarem
Of the 10 providers compared, data shows that Instarem is 0.7% cheaper than the second-best option.
The is cost is made up of an average SGD-PHP exchange rate that is 0% different to the mid-market rate and an average fee of 9.06* SGD.
If you want to secure the best rates on a SGD to Philippines transfer, Instarem will result in the most Philippine Peso received.
*The most common fee applied to SGD-PHP by Instarem, based on data from the past six months.
Fastest way to transfer money to Philippines from Singapore: Wise.
Through our data, we found Wise to be the fastest option for sending money from Singapore into Philippine Peso in 74.3% of occasions. For fast SGD to PHP money transfers, Wise comes highly recommended.
Singapore to the Philippines transfers with Wise have an average fee of 5.74 SGD.
To test that Wise was the 'fastest' option we compared 10 providers. With this, we compared overall speed of sending money from Singapore to the Philippines made up of depositing Singapore Dollars, to a money transfer account and transfer times to the Philippines.
When sending at speed is a priority, Wise is our recommended choice for sending into Philippines from Singapore.
Transfer a large sum of money
From 10 money transfer companies compared, Wise is the best option for large transfers from Singapore to the Philippines.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Singapore to the Philippines can become expensive if you use a bank, or the wrong provider.
Wise is the top choice for sending large sums of money to the Philippines from Singapore because they offer a strong service and competitive exchange rates.
Understanding the cost of moving money from Singapore to Philippines
The total cost of sending money to the Philippines from Singapore, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for SGD-PHP is 43.1271 PHP per Singapore Dollar.
Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your Singapore Dollar.
The average SGD-PHP mid-market rate for the last three months has been 42.803 PHP per Singapore Dollar. This includes a high of 43.6075, and low of 41.5644.
Out of the 10 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting SGD to PHP should be the biggest determining cost factor when transferring Singapore Dollar to the Philippines.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Instarem, with a fee average of 9.06 SGD per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Philippine Peso eventually received in the Philippines.
A lower cost of sending from Singapore will result in more money received in the Philippines.
Track the exchange rate for Singapore Dollar to Philippine Peso
Sending money at the right time between SGD and PHP can make a huge difference to overall cost. The exchange rate impacts how much PHP you get for your SGD.
Over the last six months, the average numbers are:
The exchange rate from SGD to PHP averaged 42.803 PHP.
The highest value recorded was 43.6075 PHP, while the lowest was 41.5644 PHP.
10 providers currently offer transfers between Singapore and the Philippines close to this rate
Want to secure the best SGD-Philippine Peso exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Singapore to Philippines!
Payment options for transfers from Singapore to Philippines
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Singapore to the Philippines.
Using a money transfer company such as Instarem for payments from Singapore to the Philippines, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Instarem is the best money transfer provider for bank transfers of the 10 we compared when sending SGD to the Philippines.
With an average fee of 9.06 SGD to transfer money from Singapore to the Philippines, Instarem offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Singapore to the Philippines is easy with Wise.
Wise is a leader in debit card money transfers from Singapore to the Philippines. They are the best option of the 10 transfer companies compared.
Credit cards
When it comes to credit card transfers from Singapore to the Philippines, Instarem is the top choice of the 10 companies offering this service.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Philippines and Singapore.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Singapore to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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