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EUR to PHP - Best Rates Guide

We review Euro to Philippine Peso latest & historic FX rates along with recent EUR/PHP Trend and Alerts.

 

Best EUR to PHP Rate

1 EUR = 58.35 PHP
LATEST EUR/PHP MID-MARKET The mid-market rate is the best possible exchange rate available. Read more RATE

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PHP to EUR
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EURPHP at 58.34 is a little above its 90-DAY average, range 56.36-59.24.
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30-DAY-LOW (5d)
 
EUR to PHP - Trends & Alerts

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Comparing EUR to PHP Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale EUR/PHP rate ( interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for EUR to PHP International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.

 
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Euro to Philippine Peso - Quick Conversions

EUR PHP
€ 1 58.35
€ 5 291.75
€ 10 583.50
€ 20 1,167
€ 50 2,918
€ 100 5,835
€ 250 14,588
€ 500 29,175
€ 1,000 58,350
€ 2,000 116,700
€ 5,000 291,750
€ 10,000 583,500
€ 50,000 2,917,500
€ 100,000 5,835,000
More amounts
EUR PHP
0.0171 ₱ 1
0.0857 ₱ 5
0.1714 ₱ 10
0.3428 ₱ 20
0.8569 ₱ 50
1.7138 ₱ 100
4.2845 ₱ 250
8.5690 ₱ 500
17.14 ₱ 1,000
34.28 ₱ 2,000
85.69 ₱ 5,000
171.38 ₱ 10,000
856.90 ₱ 50,000
1,714 ₱ 100,000
More amounts

Calculate other EUR/PHP amounts (from or to) at mid-market with our EUR to PHP Calculator .

 

Euro and Philippine Peso - Market News

 

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)

Swiss bank UBS see the EUR/USD rate to rise near 1.27 by the end of 2021 as the world recovers from the pandemic and has less need for USD as a safe haven.

Get more details in the article Euro Forecasts.

 

Philippine Peso (PHP)

In September 2020 the Philippine peso climbed to a three-year high against the US dollar. Migrant workers from Asia’s developing countries, such as the Philippines, have been sending home record amounts of money in recent months, defying pandemic expectations and propping up home economies at a critical time.

However, it appears workers are just sending money home in advance of their own return due to a bleak job market, particularly in the Middle East.

The Philippines government, expects almost 300,000 overseas Filipinos to come home this year, with potentially severe consequences as remittances make up about 10% of the economy.

   

Country Guides - Philippine Peso

 
PhilippinesPhilippines (PHP)
     

How to get Good EUR to PHP Exchange Rates

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

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 always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Euro vs Philippine Peso current value is to look the EUR/PHP historic rate and change over a range of periods.

The following table looks at the change in the EUR to PHP exchange rate over periods from the previous week back to the last 10 years.

EUR/PHPChangePeriod
58.0487
18 Jan 2021
0.5% ▲1 Week
58.7052
26 Dec 2020
0.6% ▼30 Days
57.0168
27 Oct 2020
2.3% ▲90 Days
56.0373
26 Jan 2020
4.1% ▲1 Year
52.2722
27 Jan 2016
11.6% ▲5 Years
60.1391
28 Jan 2011
3% ▼10 Years

EUR/PHP 10 year historic rates & change to 25-Jan-2021 : 58.3381

 
   

Will the Euro rise against the Philippine Peso?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add EUR/PHP to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

 

View My Alerts

 

Rather than requiring you to set a target rate, our FX Alerts work differently.

Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.