SGDPHP Forecast and Live Chart

The Singapore Dollar/Philippine Peso currency pair (also referred to as SGDPHP and SGD/PHP) is an exotic currency pair. In this article, we will examine how SGDPHP is performing.

SGDPHP Key Stats

  • 2021 high: 38.041
  • 2021 low: 35.690
  • 2022 high: 41.984
  • 2022 low: 37.476
  • 2022 % change: 9.8%

SGDPHP Forecast

The Singaporean dollar is a currency considered a safe haven, similar to the Japanese yen (previously) and the US dollar. As a result, it has performed positively throughout 2022. Given the recent macroeconomic headwinds are expected to persist, and the current momentum is to the upside, we are bullish on the pair in the near term. It bounced nicely following a pullback in late November/December and is once again looking to test its recent highs. We expect a break and push above over the next month. However, if the price once again breaks and closes below the 100 MA, we will reconsider our current bullish stance on the pair and potentially look for a pullback toward the 200 MA.


SGDPHP Fundamental Analysis

Singapore has a growing financial centre and its house prices are resilient, making it a preferred choice during times of economic upheaval. The country’s strong growth rate is due to the fact it has an extremely business-friendly regulatory environment for entrepreneurs. Meanwhile, it is also a major trading hub, with its manufacturing and services sector remaining one of its key growth drivers. As a result, the Singapore dollar has performed well in times of increased economic and market risk, with investors using it as a safe haven against more risk-associated currencies.

Like most other currencies, the price of the PHP is impacted by the current economic situation in the Philippines and the actions of its central bank. However, it can be difficult to predict the direction of the currency pair. For example, the Covid-19 lockdown in the country meant many would have expected the currency to decline, but as its imports fell more than its exports, it actually rose against the safe haven of the US dollar. However, like most currencies, uncertainty will always result in a fall, and 2021 and 2022 brought about a slide in the Philippine peso, which we expect to continue this year.

Related Articles

SGDPHP Technical Analysis

As mentioned previously, the 100 MA on the daily chart acted as a solid support level for the SGDPHP, which has since bounced from that area. It is currently trading around the critical 41.60 level, and a close above would represent a continuation of the current bullish move. Additionally, both the 100 and 200 MA have acted as solid support levels in the past, and any pullbacks to those areas, while the macroeconomic environment is uncertain, could result in a bounce.

Trade SGD/PHP with our top brokers

Broker Features Regulator Platforms Next Step
Number One Broker BlackBull Markets LogoYour capital is at risk Founded: 2014
  • Leverage Up To 500:1
  • $200 Min Deposit
  • 60+ Tradeable Instruments
tickmill_logo-173 % of retail CFD accounts lose money Founded: 2014
73 % of retail ...
  • Ultra-fast execution from 0.1s
  • Low spreads from 0.0 pips
  • All trading strategies allowed
FSA SC MetaTrader 4, Web Trader
Your capital is at risk Founded: 2006
Europe* CFDs ar...
  • 40% New Member Bonus
  • Regulatory licenses across 5 continents
  • 24/7 trading
ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
Your capital is at risk Founded: 2020
  • Impressive range of trading platforms
  • Tight spreads and low commissions
  • Excellent customer services
  • STP and ECN trade execution
- Pro Trader, MT4, MT5
vantage logoYour capital is at risk Founded: 2009
  • Leverage up to 500:1
  • $200 Min Deposit
  • Spreads from 0.0
CIMA MetaTrader 4, MetaTrader 5, WebTrader
LegacyFX LogoYour capital is at risk Founded: 2012
  • Meta Trader 5 Trading platform
  • Exclusive professional trading tools
  • Dedicated support staff during all trading hours
BaFin, CySEC, FCA, NBRB, VFSC MetaTrader 5
Between 74-89% of CFD traders lose Founded: 2010
Between 74-89 % of retail investor accounts lose money when trading CFDs
  • Four user-friendly trading platforms
  • Consistently rater No1 for Trader Support
  • Set up by traders, for traders
ASIC, FCA MetaTrader 4, MetaTrader 5, cTrader
AdroFX LogoYour capital is at risk Founded:
  • Crypto deposits possible
  • Bonus offers
  • Leverage up to 1:500
  • MT4 and Allpips platforms
FSA, VFSC MetaTrader 4, Web Trader, Social Trading Allpips, Web Platform Allpips
Your capital is at risk Founded: 2000
  • Good range of assets, such as CFDs
  • Fully regulated brokerage
  • Multi-lingual reporting
DFSA, FCA, FINMA, MFSA, only EU traders), SFC FCA (Swissquote LTD MT4, MT5, AdvancedTrader
Trade360 LogoYour capital is at risk Founded: 2013
  • Over 200 Tradeable Accounts
  • $50 no deposit bonus
  • Trading Central Insight Portal
CySEC CrowdTrading
Oanda Logo77% of retail CFD accounts lose money Founded: 1996
  • No Minimum Deposit
  • Over 100 instruments
  • Web, desktop, mobile platform and MT4

vt markets logoYour capital is at risk Founded: 2016
Your capital is at risk Founded: 2015
  • $50 Min Deposit
  • Flexible Leverage
  • Low Min Order Values
Your capital is at risk Founded: 1991
73.05% of investors lose money when trading CFDs with FXCM
  • Enhanced Execution and pricing.
  • Award-winning trading platform
  • Free Access to Exclusive Trading Tools
- FXCM Trading Station (Web, Desktop, Mobile), FXCM MetaTrader 4, NinjaTrader
city index new75% of clients lose money. Capital at risk. Founded: 1983
  • Exceptional customer service
  • Beginner-friendly
  • Free Webinars
ASIC, FCA, MAS Advantage Web, AT Pro, MT4, WebTrader
Exness LogoYour capital is at risk Founded: 2008
  • Instant automated withdrawals 24/7
  • Commission-free Standard accounts
  • Some of the lowest spreads on the markets and stable execution
  • Unlimited leverage
  • Free VPS Hosting
CySEC, FCA, FSA, FSCA MT4, MT5, WebTerminal
Your capital is at risk Founded: 2017
SquaredFinance LogoYour capital is at risk Founded: 2016
fusion markets logoYour capital is at risk Founded: 2017

Lowest Commissions in Australia

$4.50 per lot RT

Your capital is at risk Founded: 2012
Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.
  • High leverage.
  • Variety of trading tools.
  • Multilingual support.
  • Excellent range of educational tools
  • Leverage up to 1:1000
  • Spreads from 0.3 Pips
  • Only a $10 minimum deposit
FSA, FSC MT4, MT5, WebTrader, Proprietary Mobile App