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EUR to PHP - Exchange Rate Overview

Euro to Philippine Peso exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

€1,000 EUR
=
₱55,864 PHP

*Converted at interbank exchange rate, scroll down to compare foreign transfer and spend/travel exchange rates.


 

Latest interbank exchange rate:

1 EUR = 55.86 PHP

Sell EUR / Buy PHP 

 
EUR to PHP 90-day trend
ALERTS:1-DAY0.7% | 30-DAY HIGHS |
EUR/PHP at 55.85 was trading 0.7% above AVG:55.48 with LO:54.42 and HI:57.9 (90 days). ALERTS: Today EUR/PHP was UP 0.7% and also rose to 30-DAY HIGHS.

Euro to Philippine Peso - Quick Conversions

EUR PHP
€ 1 55.86
€ 5 279.30
€ 10 558.60
€ 20 1,117
€ 50 2,793
€ 100 5,586
€ 250 13,965
€ 500 27,930
€ 1,000 55,860
€ 2,000 111,720
€ 5,000 279,300
€ 10,000 558,600
€ 50,000 2,793,000
€ 100,000 5,586,000
More amounts
EUR PHP
0.0179 ₱ 1
0.0895 ₱ 5
0.1790 ₱ 10
0.3580 ₱ 20
0.8951 ₱ 50
1.7901 ₱ 100
4.4753 ₱ 250
8.9505 ₱ 500
17.90 ₱ 1,000
35.80 ₱ 2,000
89.51 ₱ 5,000
179.01 ₱ 10,000
895.05 ₱ 50,000
1,790 ₱ 100,000
More amounts

To calculate your own EUR/PHP amounts use our Convert EUR to PHP quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 Provider Receive PHP(₱) Exchange RateFee EURDeal Links
OFX logo
53,958
0%
Best Overall
53.95750 for BER users (normally $15)
Citibank International Money Transfers
Citibank logo
51,817
0%
₱2,141 less
52.34€10.00
Santander International Money Transfers
Santander logo
51,078
0%
₱2,880 less
52.1220
HSBC logo
52,820
0%
₱1,138 less
52.820
Sparkasse Bank International Money Transfers
Sparkasse Bank logo
50,718
0%
₱3,240 less
51.4915
Deutsche Bank International Money Transfers
Deutsche Bank logo
51,978
0%
₱1,980 less
52.77€15
AIB Bank International Money Transfers
AIB Bank logo
51,015
0%
₱2,943 less
51.53€10.00
Bank of Ireland International Money Transfers
Bank of Ireland logo
51,599
0%
₱2,359 less
52.12€10.00
BNP Paribas International Money Transfers
BNP Paribas logo
52,057
0%
₱1,901 less
52.85€15
Crédit Agricole International Money Transfers
Crédit Agricole logo
50,974
0%
₱2,984 less
51.75€15
TorFX logo
Your amount below the TorFX EUR2000 minimum
WorldFirst logo
Your amount below the WorldFirst EUR1200 minimum
Banks - Average Rate
Citibank logo Santander logo HSBC logo Sparkasse Bank logo Deutsche Bank logo AIB Bank logo Bank of Ireland logo BNP Paribas logo Crédit Agricole logo
51,562
0%
₱2,396 less
52.2012
 
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OFX: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:0 for BER users (normally $15)
Exchange Rate:53.9575 (3.53% from mid-rate)
To Amount (PHP)53,958
Total Cost:0%
Time:
Rate Fetched: Thu May 28 2020 14:13:10 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Citibank logo
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Citibank: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:€10.00 EUR (1%)
Exchange Rate:52.34 (6.42% from mid-rate)
To Amount (PHP)51,817
Total Cost:0%
Difference:
₱2,141 PHP less than using OFX
Time:14:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Santander logo
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Santander: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:20
Exchange Rate:52.12 (6.81% from mid-rate)
To Amount (PHP)51,078
Total Cost:0%
Difference:
₱2,880 PHP less than using OFX
Time:14:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
HSBC logo
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HSBC: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:EUR 1.5 (.15%)
Exchange Rate:52.82 (5.56% from mid-rate)
To Amount (PHP)52,820
Total Cost:0%
Difference:
₱1,138 PHP less than using OFX
Time:14:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sparkasse Bank logo
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Sparkasse Bank: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:15
Exchange Rate:51.49 (7.94% from mid-rate)
To Amount (PHP)50,718
Total Cost:0%
Difference:
₱3,240 PHP less than using OFX
Time:14:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Deutsche Bank logo
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Deutsche Bank: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:52.77 (5.65% from mid-rate)
To Amount (PHP)51,978
Total Cost:0%
Difference:
₱1,980 PHP less than using OFX
Time:14:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
AIB Bank logo
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AIB Bank: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:€10.00 EUR (1%)
Exchange Rate:51.53 (7.87% from mid-rate)
To Amount (PHP)51,015
Total Cost:0%
Difference:
₱2,943 PHP less than using OFX
Time:14:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of Ireland logo
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Bank of Ireland: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:€10.00 EUR (1%)
Exchange Rate:52.12 (6.81% from mid-rate)
To Amount (PHP)51,599
Total Cost:0%
Difference:
₱2,359 PHP less than using OFX
Time:14:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
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BNP Paribas: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:52.85 (5.51% from mid-rate)
To Amount (PHP)52,057
Total Cost:0%
Difference:
₱1,901 PHP less than using OFX
Time:14:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Crédit Agricole logo
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Crédit Agricole: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:51.75 (7.47% from mid-rate)
To Amount (PHP)50,974
Total Cost:0%
Difference:
₱2,984 PHP less than using OFX
Time:14:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
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TorFX: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
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WorldFirst: Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
Banks - Average Rate
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Foreign Transfer EUR→PHP
From Amount (EUR)€1,000
Fee:12
Exchange Rate:51.96 (7.1% from mid-rate)
To Amount (PHP)51,562
Total Cost:0%
Difference:
₱2,396 PHP less than using OFX
Transfer Speed:
Services:
 
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Snapshot 05/28/2020 - View live rates
 

The below comparison table displays the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

 

EUR to PHP - Travel Money & Cards

Provider Amount PHP(₱) Exchange RateFee EURDeal Links
Travelex Online logo
45,490
0%
Best Overall
45.48970
Citibank Foreign Cash
Citibank logo
51,025
0%
₱5,535 more
51.54€10.00
HSBC logo
49,660
0%
₱4,170 more
49.660
Sparkasse Bank Foreign Cash
Sparkasse Bank logo
49,703
0%
₱4,213 more
50.4615
Deutsche Bank Foreign Cash
Deutsche Bank logo
51,299
0%
₱5,809 more
52.08€15
AIB Bank Foreign Cash
AIB Bank logo
50,332
0%
₱4,842 more
50.84€10.00
Bank of Ireland Foreign Cash
Bank of Ireland logo
50,441
0%
₱4,951 more
50.95€10.00
BNP Paribas Foreign Cash
BNP Paribas logo
51,033
0%
₱5,543 more
51.81€15
Crédit Agricole Foreign Cash
Crédit Agricole logo
50,501
0%
₱5,011 more
51.27€15
55,372
0%
₱9,882 more
55.65€5.00
Banks - Average Rate
Citibank logo HSBC logo Sparkasse Bank logo Deutsche Bank logo AIB Bank logo Bank of Ireland logo BNP Paribas logo Crédit Agricole logo
50,499
0%
₱5,009 more
51.0812
 
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Travelex Online: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:undefined
Exchange Rate:45.4897 (-18.67% from mid-rate)
To Amount (PHP)45,490
Total Cost:0%
Time:
Rate Fetched: Thu May 28 2020 14:30:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Citibank logo
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Citibank: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€10.00 EUR (1%)
Exchange Rate:51.54 (-7.85% from mid-rate)
To Amount (PHP)51,025
Total Cost:0%
Time:14:31 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
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HSBC: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:
Exchange Rate:49.66 (-11.21% from mid-rate)
To Amount (PHP)49,660
Total Cost:0%
Time:14:31 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Sparkasse Bank logo
loading
Sparkasse Bank: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:15
Exchange Rate:50.46 (-9.78% from mid-rate)
To Amount (PHP)49,703
Total Cost:0%
Time:14:31 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Deutsche Bank logo
loading
Deutsche Bank: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:52.08 (-6.88% from mid-rate)
To Amount (PHP)51,299
Total Cost:0%
Time:14:31 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
AIB Bank logo
loading
AIB Bank: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€10.00 EUR (1%)
Exchange Rate:50.84 (-9.1% from mid-rate)
To Amount (PHP)50,332
Total Cost:0%
Time:14:31 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Bank of Ireland logo
loading
Bank of Ireland: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€10.00 EUR (1%)
Exchange Rate:50.95 (-8.91% from mid-rate)
To Amount (PHP)50,441
Total Cost:0%
Time:14:31 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
loading
BNP Paribas: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:51.81 (-7.37% from mid-rate)
To Amount (PHP)51,033
Total Cost:0%
Time:14:31 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Crédit Agricole logo
loading
Crédit Agricole: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:51.27 (-8.33% from mid-rate)
To Amount (PHP)50,501
Total Cost:0%
Time:14:31 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
loading
TransferWise: Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:€5.00 EUR (0.5% + €1)
Exchange Rate:55.65 (-0.5% from mid-rate)
To Amount (PHP)55,372
Total Cost:0%
Time:14:31 Local
Currency Services:Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:5-7 days
Rating:
 
: 4.6/5.0
Reviews:
 
Banks - Average Rate
loading
Travel Money EUR→PHP
From Amount (EUR)€1,000
Fee:12
Exchange Rate:49.39 (-11.69% from mid-rate)
To Amount (PHP)50,499
Total Cost:0%
Currency Services:Branch
Delivery/Collect:-
 
loading
Snapshot 05/28/2020 - View live rates
 
 

Philippine Peso (PHP) Country Guides

PhilippinesPhilippines (PHP)

Euro and Philippine Peso Forecasts

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)

EUR will fall to 0.80 against the British pound according to Standard Bank. The coronavirus pandemic has replaced Brexit in the headlines and means that the deadline for a trade deal with the Eurozone this year could either be pushed back, delaying a risk for the currency, or see more favorable terms given to the U.K.

Rabobank told Bloomberg TV in early April that they see the Euro holding its value in an otherwise difficult virus affected year for most currencies.

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

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.


How to get Best EUR 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.

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

 

What is a good EUR to PHP exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the EUR to PHP exchange rate over periods upto 10 years.

EUR/PHPPeriod to 27-MayDateRate
0.5% ▲1 Week20 May 202055.4802
1.8% ▲30 Days27 Apr 202054.7845
0.6% ▼90 Days27 Feb 202056.0702
4.5% ▼1 Year28 May 201958.3673
14% ▲5 Years29 May 201548.8836
2.2% ▼10 Years30 May 201057.0003
EUR/PHP 10 year rates & changes to 27-May-2020 (55.7433)
 

When is the best time to exchange EUR 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.

Setup BER.me FX Alerts

 

We help you Save Money on Exchange Rates.

Foreign Transfers Travel Money

View all EUR Exchange Rates