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EUR to PHP - Rate Guide

Euro to Philippine Peso exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

EUR/PHP update & alerts

1 EUR = 56.22 PHP

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EUR to PHP - Trading Range (90 Day)
14-DAY HIGH (6d)
EUR/PHP 90-DAY TREND: At 56.23 EUR to PHP is trading 0.9% below the average 56.72 with a range 55.74 to 57.76. There are no current alerts.
09 Dec, 2019 16:03-EST 21:03-GMT 08:03-AEDT(+1D)

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EUR/PHP Exchange Rates and Providers Compared

This guide to the Euro to Philippine Peso exchange rate with 90-day chart & alerts, historic rates, forecasts and EUR to PHP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our EUR/PHP Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for EUR/PHP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

EUR to PHP International Money Transfers

  

Foreign Transfer ProvidersReceive PHP(₱)Exchange RateFee EURTotal CostDeal Links
TorFX logo
270,600
Best Overall
54.1203.66%
OFX logo
270,850
₱250 more
54.170 for BER users (normally $15)3.57%
WorldFirst logo
279,450
₱8,850 more
55.8900.51%
HSBC logo
265,152
₱5,448 less
53.11€7.55.6%
BNP Paribas International Money Transfers
BNP Paribas logo
262,746
₱7,854 less
53.08€506.45%
Deutsche Bank International Money Transfers
Deutsche Bank logo
262,647
₱7,953 less
53.06€506.49%
Citibank International Money Transfers
Citibank logo
262,518
₱8,082 less
52.63126.53%
Santander International Money Transfers
Santander logo
261,002
₱9,598 less
52.41207.07%
Banks - Average Rate
Deutsche Bank logo Santander logo Citibank logo Sparkasse Bank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
260,586
₱10,014 less
52.47127.22%
Bank of Ireland International Money Transfers
Bank of Ireland logo
259,430
₱11,170 less
52.41€507.63%
Sparkasse Bank International Money Transfers
Sparkasse Bank logo
257,774
₱12,826 less
51.71158.22%
Crédit Agricole International Money Transfers
Crédit Agricole logo
257,549
₱13,051 less
52.03€508.3%
AIB Bank International Money Transfers
AIB Bank logo
256,460
₱14,140 less
51.81€508.69%
 
TorFX logo
TorFX: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:0
Exchange Rate:54.12 (3.66% from mid-rate)
To Amount (PHP)270,600
Total Cost:3.66%
Time:6:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:0 for BER users (normally $15)
Exchange Rate:54.17 (3.57% from mid-rate)
To Amount (PHP)270,850
Total Cost:3.57%
Difference:
₱250 PHP more than using TorFX
Time:
Rate Fetched: Tue Dec 10 2019 05:13:18 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:
Exchange Rate:55.89 (0.51% from mid-rate)
To Amount (PHP)279,450
Total Cost:0.51%
Difference:
₱8,850 PHP more than using TorFX
Time:6:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:€7.5 EUR (.15%)
Exchange Rate:53.11 (5.45% from mid-rate)
To Amount (PHP)265,152
Total Cost:5.6%
Difference:
₱5,448 PHP less than using TorFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
BNP Paribas: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:53.08 (5.51% from mid-rate)
To Amount (PHP)262,746
Total Cost:6.45%
Difference:
₱7,854 PHP less than using TorFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Deutsche Bank logo
Deutsche Bank: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:53.06 (5.54% from mid-rate)
To Amount (PHP)262,647
Total Cost:6.49%
Difference:
₱7,953 PHP less than using TorFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:12
Exchange Rate:52.63 (6.31% from mid-rate)
To Amount (PHP)262,518
Total Cost:6.53%
Difference:
₱8,082 PHP less than using TorFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Santander logo
Santander: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:20
Exchange Rate:52.41 (6.7% from mid-rate)
To Amount (PHP)261,002
Total Cost:7.07%
Difference:
₱9,598 PHP less than using TorFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:12
Exchange Rate:52.25 (6.99% from mid-rate)
To Amount (PHP)260,586
Total Cost:7.22%
Difference:
₱10,014 PHP less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of Ireland logo
Bank of Ireland: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:52.41 (6.7% from mid-rate)
To Amount (PHP)259,430
Total Cost:7.63%
Difference:
₱11,170 PHP less than using TorFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sparkasse Bank logo
Sparkasse Bank: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:15
Exchange Rate:51.71 (7.95% from mid-rate)
To Amount (PHP)257,774
Total Cost:8.22%
Difference:
₱12,826 PHP less than using TorFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Crédit Agricole logo
Crédit Agricole: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:52.03 (7.38% from mid-rate)
To Amount (PHP)257,549
Total Cost:8.3%
Difference:
₱13,051 PHP less than using TorFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
AIB Bank logo
AIB Bank: Foreign Transfer EUR→PHP
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:51.81 (7.77% from mid-rate)
To Amount (PHP)256,460
Total Cost:8.69%
Difference:
₱14,140 PHP less than using TorFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/10/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

  

Philippine peso Travel Money

  

Travel Money ProvidersAmount PHP(₱)Exchange RateFee EURTotal CostDeal Links
Deutsche Bank Foreign Currency
Deutsche Bank logo
51,525
Compare
52.31€158.28%
BNP Paribas Foreign Currency
BNP Paribas logo
51,259
₱266 less
52.04€158.75%
Citibank Foreign Currency
Citibank logo
51,252
₱273 less
51.77€108.76%
Banks - Average Rate
Deutsche Bank logo Citibank logo Sparkasse Bank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
50,752
₱773 less
51.3€109.65%
Crédit Agricole Foreign Currency
Crédit Agricole logo
50,728
₱797 less
51.5€159.69%
Bank of Ireland Foreign Currency
Bank of Ireland logo
50,658
₱867 less
51.17€109.82%
AIB Bank Foreign Currency
AIB Bank logo
50,549
₱976 less
51.06€1010.01%
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
50,173
₱1,352 less
50.68€1010.68%
HSBC logo
49,870
₱1,655 less
49.87011.22%
Travelex Online logo
45,818
₱5,707 less
45.8177018.44%
 
Deutsche Bank logo
Deutsche Bank: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:52.31 (6.88% from mid-rate)
To Amount (PHP)51,525
Total Cost:8.28%
Time:6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
BNP Paribas: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:52.04 (7.36% from mid-rate)
To Amount (PHP)51,259
Total Cost:8.75%
Time:6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:51.77 (7.84% from mid-rate)
To Amount (PHP)51,252
Total Cost:8.76%
Time:6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:49.6 (11.7% from mid-rate)
To Amount (PHP)50,752
Total Cost:9.65%
Currency Services:Branch
Delivery/Collect:-
 
Crédit Agricole logo
Crédit Agricole: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:51.5 (8.32% from mid-rate)
To Amount (PHP)50,728
Total Cost:9.69%
Time:6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Bank of Ireland logo
Bank of Ireland: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:51.17 (8.91% from mid-rate)
To Amount (PHP)50,658
Total Cost:9.82%
Time:6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
AIB Bank logo
AIB Bank: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:51.06 (9.1% from mid-rate)
To Amount (PHP)50,549
Total Cost:10.01%
Time:6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Sparkasse Bank logo
Sparkasse Bank: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:50.68 (9.78% from mid-rate)
To Amount (PHP)50,173
Total Cost:10.68%
Time:6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:
Exchange Rate:49.87 (11.22% from mid-rate)
To Amount (PHP)49,870
Total Cost:11.22%
Time:6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Travelex Online logo
Travelex Online: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:undefined
Exchange Rate:45.8177 (18.44% from mid-rate)
To Amount (PHP)45,818
Total Cost:18.44%
Time:
Rate Fetched: Tue Dec 10 2019 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 12/10/2019 - See full table

EUR and PHP in the Markets

When determining the best time to make a foreign exchange transaction, in this case the EUR vs PHP, you should pay attention to the recent market trends for both currencies.

Euro (EUR)

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR 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.

Why can't I just get the EUR/PHP market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the EUR / PHP was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however 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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all EUR Exchange Rates