PEP & SGD rate

Last activity 21 January 2023 by Shekhz

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st3522794Member19 January 2023 09:43:39

Hi everyone,

I noticed that the qualifying salary for PEP is SGD18,000 for overseas applicants and I was wondering what exchange rate the MOM would use to calculate the SGD equivalent, given the application is over a few months and with the strong SGD at the moment.

Would it be at the point of application or the point of approval / rejection? Just wonder if anyone has had any experience of this?!

Thanks

ShekhzSingapore Expert21 January 2023 22:10:35

963

It’s the ongoing rate, when your application is picked up/ being reviewed. Date of application forex doesn’t matter

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