We save you time and money when transferring money to Phillipines by comparing providers to help you get the Best Service, Rates and Fees.
Sending money to the Philippines can be expensive, but with a few tricks up your sleeve, you can save.
First, know that sending money from banks isn’t always the best way to go. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate. In this case, it is better to use experts who know what they are doing. Foreign exchange specialists will often offer the same services for much less than your bank.
We make it easy to save money by making these fees and exchange rates easier to see and compare.
When choosing a provider to send money to the Philippines finding the best currency rate is generally everyone’s number one factor. Other important criteria to also consider are transfer speed, delivery options (bank transfer or cash pickup), customer service, mobile apps and extra fees.
You can read more about Currency Transfer and Travel Tips for the Philippines in our Philippines FX guide.
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Philippine peso current value is to look the PHP performance against a range of other currencies over various time periods.
The following table looks at the performance of the PHP exchange rate against other currencies over time periods from the previous 2 days back to the last 5 years.