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Best EUR to PHP Exchange Rates Compared Live

The best EUR to PHP exchange rate is 60.62. Compare foreign transfer and currency exchange rates, find better rates & deals.

EUR-PHP Best Exchange Rate Calculator
 

Comparing EUR-PHP exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Euro (EUR) to Philippine peso (PHP) rates from different sources before making a conversion.

The above Euro to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest EUR-PHP mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : EUR/PHP holds at 60.95 amid Euro gains post-US jobs report and ECB rate cut delays until June. However, Eurozone economic worries and potential ECB cuts may pressure EUR. Oil price volatility could also impact rates. Watch for fluctuations as the market eyes Euro-area challenges. #EURPHP #ForexUpdate

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EUR to PHP Market Data

Euro (EUR) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 EUR =
60.62We compare provider deals to this wholesale mid-market rate. Read more
PHP
-0.5%
📉1W
EUR to PHP is at 7-day lows near 60.62, just below its 3-month average, having traded in a very stable 2.3% range from 60.15 to 61.55
|
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  1 PHP = 0.016496 EUR
DateEUR/PHPChangePeriod
14 Mar 2024
60.42
0.3% â–²2 Week
29 Dec 2023
61.25
1% â–¼3 Month
29 Mar 2023
58.85
3% â–²1 Year
30 Mar 2019
59.11
2.6% â–²5 Year
31 Mar 2014
61.69
1.7% â–¼10 Year
02 Apr 2004
68.53
11.5% â–¼20 Year
EUR/PHP historic rates & change to 28-Mar-2024
 

What are equivalent amounts of EUR and PHP?

Here are some popular conversion amounts for EUR to PHP (Euro to Philippine peso)*.

EUR PHP
€ 1 60.62
€ 5 303.10
€ 10 606.20
€ 20 1,212
€ 50 3,031
€ 100 6,062
€ 250 15,155
€ 500 30,310
€ 1,000 60,620
€ 2,000 121,240
€ 5,000 303,100
€ 10,000 606,200
€ 20,000 1,212,400
€ 50,000 3,031,000
€ 100,000 6,062,000
EUR PHP
0.0165 ₱ 1
0.0825 ₱ 5
0.1650 ₱ 10
0.3299 ₱ 20
0.8248 ₱ 50
1.6496 ₱ 100
4.1240 ₱ 250
8.2480 ₱ 500
16.50 ₱ 1,000
32.99 ₱ 2,000
82.48 ₱ 5,000
164.96 ₱ 10,000
329.92 ₱ 20,000
824.80 ₱ 50,000
1,650 ₱ 100,000

More amounts

*Converted at the current EURPHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for EUR to PHP

 

The outlook for the Euro (EUR) to Philippine Peso (PHP) exchange rate is influenced by a variety of factors. Despite some positive indicators such as the Euro's recent strength following the March US jobs report and the delay in ECB rate cuts until June, concerns regarding Eurozone economic performance remain. FX analysts predict that the EUR may face pressure due to potential ECB rate cuts and fears of a Eurozone recession, which could lead to a slide in the currency's value. The EUR to PHP exchange rate currently stands at 60.95, slightly above its 3-month average, showcasing stability within a narrow range.

Read our full review of recent EUR to PHP forecasts.

 

How to get a good EUR to PHP exchange rate

There are several ways to save on exchange rates when converting Euro to Philippine peso:

  1. Shop around for the best EUR/PHP exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the EUR/PHP rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both EUR and PHP at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Philippine peso with Euro, then it's better for the EUR/PHP exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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 personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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Read our Currency guide to Philippines - a practical currency and money guide to travel, living and doing business in Philippines with the Philippine peso.

 
 
 

Currency Country Guides

EurozoneEurozone (EUR)PhilippinesPhilippines (PHP)
 

What is the cost of living in Philippines?

The cost of living in Philippines is relatively low compared to other countries. Rent, food, and transportation are all relatively inexpensive.

How is the expat life in Philippines?

The expat life in Philippines can be quite comfortable. There is a wide variety of housing options available, from apartments to villas. Many expats live in gated communities with security guards. The cost of living is relatively low, and there are a number of good schools to choose from. English is widely spoken, which makes communication easy.

Read more at our Philippines (PHP) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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