The exact number of Philippine pesos you receive for 1,000 Singapore dollars depends on the service you use and the current market rate. At mid-market today, that 1,000 SGD is worth about 48,150 PHP, but providers like Wise, Revolut, and Western Union each show different numbers once fees are factored in.

4 related posts

1 SGD to PHP (mid-market): ₱48.15 ·
1000 SGD to PHP (mid-market): ₱48,152.54 ·
Highest rate (12mo): ₱49.20 ·
Lowest rate (12mo): ₱46.80

Quick snapshot

1Confirmed facts
2What’s unclear
3Timeline signal
4What’s next

Five providers, one pattern: rates cluster near ₱48 for 1 SGD, but the total you get for 1,000 SGD varies by as much as ₱5,000.

The provider table below shows exactly how much each service delivers for your 1,000 SGD transfer.

Provider Rate (1 SGD) Amount for 1,000 SGD
Mid-market (OFX/XE) ₱48.1582 ₱48,158.20 (OFX)
Wise ₱46.91 ₱46,914.70 (Wise)
Revolut ₱42.94 ₱42,946.33 (Revolut)
XE ₱48.1321 ₱48,132.20 (XE)
Instarem ₱47.7472 ₱47,747.20 (Instarem (digital remittance))

The implication: always check the final delivered amount, not just the headline rate.

How much is $1000 Singapore in pesos?

At the mid-market exchange rate quoted by XE (foreign exchange data provider), 1,000 SGD equals ₱48,132.20 as of 04:56 UTC today. OFX (currency exchange provider) shows a slightly higher mid-market figure of ₱48,158.20.

Rates from Wise, Xe, Revolut, Western Union

The actual amount you receive depends on the service. Wise lists 1,000 SGD = ₱46,914.70 on its converter site (Wise (mid-market rate with fee disclosed)). Revolut shows a much lower ₱42,946.33 for the same amount (Revolut (currency converter)). Western Union does not publish a specific rate — it says rates vary by payment method (Western Union (estimates)).

Bottom line: For a single transfer of 1,000 SGD, Wise gives around ₱46,915, Revolut gives ₱42,946, and mid-market yields about ₱48,150. The difference of up to ₱5,200 is more than the cost of a meal in Manila — pick your provider carefully.

The trade-off: low fees often come with a worse exchange rate, and vice versa.

How much is $1 SGD in PHP?

One Singapore dollar currently buys between ₱42.94 and ₱48.16, depending on whether you use a mid-market benchmark or a retail provider.

Current 1 SGD to PHP rate

OFX (live rate tracker) reports 1 SGD = ₱48.1582 as of May 12, 2026. XE (mid-market data) shows ₱48.1321. Instarem (digital remittance) gives ₱47.7472.

Factors affecting the rate

  • Interest rate differentials between the MAS and BSP.
  • Demand for remittances — ₱13 billion daily flows from OFWs (Bangko Sentral ng Pilipinas (central bank)).
  • Singapore’s trade surplus and strong export sector support the SGD.

The catch: intraday volatility can swing the rate by 0.5–1%, enough to move the value of 1,000 SGD by ₱480.

Why is SGD so strong now?

The Singapore dollar has appreciated roughly 3% against the PHP over the past year because of deliberate policy and strong economic fundamentals.

Monetary policy of the Monetary Authority of Singapore

Unlike most central banks, the Monetary Authority of Singapore (central bank with exchange-rate-based policy) manages the SGD against a basket of currencies, letting it appreciate to curb imported inflation. This has made the SGD one of the most stable currencies in Asia.

Singapore’s economic fundamentals

Singapore’s GDP grew by 4.4% in 2024, driven by finance, electronics, and tourism. A current account surplus equal to 18% of GDP supports the currency (Ministry of Trade and Industry (economic data)).

Global demand for the Singapore dollar

International investors park funds in SGD-denominated assets because of Singapore’s triple-A credit rating and political stability. This demand pushes the exchange rate higher against the PHP.

Why this matters

Anyone sending 1,000 SGD to the Philippines today gets about 3% fewer pesos than they would have a year ago because the SGD has strengthened, not weakened. That’s ₱1,400 less per transfer.

The pattern: SGD strength is structural, not temporary — the same trend is likely to continue as long as MAS keeps its current policy.

Is Singapore or the Philippines cheaper?

Yes, the Philippines is substantially cheaper. Numbeo (cost-of-living database) estimates that consumer prices in Manila are 56% lower than in Singapore. Rent alone is 75% cheaper. The contrast becomes clear when you see what 1,000 SGD buys in each place.

The purchasing power of 1,000 SGD shifts dramatically between the two countries, as shown below.

Category In Singapore In the Philippines (with ₱48,150)
Monthly rent (1-bed, city center) SGD 2,800 (Urban Redevelopment Authority) ₱18,000 – covers rent for 2.6 months
Groceries (weekly) SGD 120 (Singapore Department of Statistics) ₱2,500 – covers 19 weeks
Meal out (mid-range) SGD 20 ₱300 – can eat out 160 times

The implication: 1,000 SGD in the Philippines buys roughly 3–4 months of basic rent outside Metro Manila, while in Singapore it barely covers two weeks of groceries for one person. For a more precise comparison, you can check the live rate for 1000 SGD to PHP at $Flights to Turkey from NZ.

Clarity check

Confirmed facts

  • 1000 SGD equals about ₱48,150 at mid-market (XE)
  • SGD is stronger than PHP due to MAS exchange-rate policy (MAS)
  • Provider rates differ by up to ₱5,200 per 1,000 SGD (Wise vs Revolut)

What’s unclear

  • Exact future rate direction — depends on MAS policy moves
  • Which provider is always cheapest — fees and rates change daily

Expert quotes

“The mid-market exchange rate for SGD to PHP is the rate you see on Google or XE — it’s the average of buy and sell prices globally. No transfer provider gives you exactly that rate without adding a markup or fee.”

— Wise website (mid-market definition)

“XE uses the mid-market rate as the basis for its conversions, updated every few minutes from live interbank data.”

— XE website (rate methodology)

“Western Union exchange rates are estimates that vary by payment method, payout location, and amount sent.”

— Western Union (rate disclaimer)

For anyone sending money from Singapore to the Philippines, the choice is clear: use a provider that shows the mid-market rate and a transparent fee, such as Wise or OFX, or accept a convenience premium with Western Union. Over a 1,000 SGD transfer, the difference can be as much as ₱5,200 — enough to cover a week’s groceries in Manila.

The trade-off

Revolut offers a sleek app but gives a rate 11% below mid-market for SGD to PHP — that’s ₱5,200 less on 1,000 SGD. The convenience is not free.

Additional sources

currencyzone.hsbc.com, mastercard.com

For a similar breakdown of what your Singapore dollars can buy in South Korea, check out how 1000 SGD to Won buying power compares to Manila prices.

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Frequently asked questions

How do I get the best rate for 1000 SGD to PHP?

Compare the final delivered amount on Wise, Revolut, and OFX. Wise usually shows the mid-market rate with a fixed fee, while Revolut adds a markup to the rate.

How much will I receive if I transfer 1000 SGD today?

At mid-market you get about ₱48,150. Wise gives about ₱46,915, Revolut around ₱42,946. Check live rates before sending.

What is the difference between mid-market and transfer rate?

Mid-market is the wholesale rate banks trade at; transfer rates include a markup by the provider. The gap can be 1–11% for SGD to PHP.

How often does the SGD to PHP rate change?

It updates continuously during market hours. OFX updates its rate every few minutes; XE refreshes every 10 seconds.

Is it cheaper to exchange SGD in Singapore or in the Philippines?

Generally cheaper in Singapore because the Philippine peso is weaker and local exchange booths add wider spreads. Use a digital provider for the best rate.

Do I need to pay tax on money transfers from Singapore to the Philippines?

No tax on personal remittances to the Philippines, but amounts over ₱500,000 must be declared to the BSP for monitoring.

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