A good time to remit SGD to PHP

To all Pinoys working in Singapore: ever wonder when it would be a good time to remit your hard-earned SG dollars to Philippine Pesos?

Well, since October 2007 (when we first came here), I would say that now would be a good time to remit. According to i-Remit, as of 4 July 2008, SGD 1.00 = PHP 33.00! That's a lot of cash, compared to last Christmas season, in which the rate was only around PHP 27.00 to SGD 1.00.

For most people, the 7th of the month is usually the salary/sweldo day. You can expect a lot of people down in Orchard Rd in Lucky Plaza remitting to the Philippines.

Better take this opportunity to remit now. Once the Philippines gets a lot of remittance, it may cause the value of the peso to rise a bit, possibly lowering the exchange rate to PHP32.00. Just my two cents. :)