What's in this AUD to PHP exchange rate review?
Australian Dollar to Philippine Peso - Quick Conversions
|A$ 1||₱ 34.94|
|A$ 5||₱ 174.70|
|A$ 10||₱ 349.40|
|A$ 20||₱ 698.80|
|A$ 50||₱ 1,747|
|A$ 100||₱ 3,494|
|A$ 250||₱ 8,735|
|A$ 500||₱ 17,470|
|A$ 1,000||₱ 34,940|
|A$ 2,000||₱ 69,880|
|A$ 5,000||₱ 174,700|
|A$ 10,000||₱ 349,400|
|A$ 50,000||₱ 1,747,000|
|A$ 100,000||₱ 3,494,000|
To calculate other AUD/PHP amounts try our home-page Convert AUD to PHP quick converter.
Comparing Retail Exchange Rates
The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.
Country Guides - Philippine Peso
Australian Dollar - Philippine Peso Forecasting
When determining the best time to make a foreign exchange transaction, in this case the AUD vs PHP, you should pay attention to the recent market trends for both currencies.
Australian Dollar (AUD)
The bleak outlook in the US has added downward pressure on the world’s base currency and helped consolidate the Aussie dollars’ upturn. Although the Australian dollar has recently edged through the key 0.72 handle, a sustained move above this level has been hard to come by.
Further uncertainty in the US could push the AUD through 0.72 US cents.
In the second quarter of 2020 AUD staged a rapid recovery through the months of April, May and into June up 25% from its mid-March lows to US70c in early June. This is due more to the perceived benefits to Australia of an awakening post-pandemic Chinese economy than the political-social situtation in the US dpressing the USD.
The Aussie had been savaged in March sliding to US55 cents the lowest since 2003. Growing fears of the coronavirus outbreak moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.
The virus was a double blow to the Aussie after the earlier threat of proxy war between the US and Iran in Iraq had also pared back some of the gains the Aussie had made coming into the New Year.
The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.
The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely.
Read more in the article AUD Forecasts.
Philippine Peso (PHP)
It’s been a solid start to 2019 for the Philippine peso, which is up slightly (between 0.6 and 2 percent) against the US dollar, Australian dollar and euro. The peso has rebounded from 13-year lows struck in the fourth quarter of last year courtesy of economic reforms, proposed fiscal spending and an S&P credit rating upgrade.
The peso slipped in the week leading up to May’s Bangko Sentral ng Pilipinas meeting, with traders correctly forecasting an interest rate cut (the first since 2016). The BSP is able to lower rates because inflation has halved over the past 6 months and is back at targeted levels.
The peso steadied post-BSP at levels near 52.2 per USD but might be pressured in the months ahead from further policy easing, which hasn’t been ruled out.
Per an ING analyst, the BSP will be comfortable with peso exchange rates between 52 and 55 per USD, but beyond these levels they might intervene in markets. ING is forecasting USD/PHP at 54 at year-end.
How to get Best AUD to PHP Exchange Rates
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
What is a good AUD to PHP exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Australian Dollar vs Philippine Peso current value is to look the AUD/PHP historic rate and change over a range of periods.
The following table looks at the change in the AUD to PHP exchange rate over periods from the previous week back to the last 10 years.
|07 Aug 2020 : 35.1226||0.6% ▼||1 Week|
|15 Jul 2020 : 34.6525||0.8% ▲||30 Days|
|16 May 2020 : 32.4814||7.5% ▲||90 Days|
|15 Aug 2019 : 35.7405||2.3% ▼||1 Year|
|16 Aug 2015 : 34.0914||2.5% ▲||5 Years|
|17 Aug 2010 : 40.8448||14.5% ▼||10 Years|
AUD/PHP 10 year historic rates & change to 14-Aug-2020 : 34.9281
When is the best time to exchange AUD to PHP?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.