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INR to PHP - Rate Guide

Indian Rupee 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/Card transactions as shown below.

 

1 INR = 0.7087 PHP

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INR to PHP - Trading Range (90 Day)
ALERT: 60-DAY LOWS 🔔 |
INR/PHP at 0.706 is trading 0.8% below the 90-day average 0.7118 with a range 0.7047 to 0.7184. ALERT: INR/PHP has dropped to 60-DAY LOWS.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Indian Rupee to Philippine Peso

INR

PHP

1
0.7087
5
3.5435
10
7.0870
20
14.17
50
35.44
100
70.87
250
177.18
500
354.35
1,000
708.70
2,000
1,417
5,000
3,544
10,000
7,087
50,000
35,435
100,000
70,870
More amounts

INR

PHP

1.4110
1
7.0550
5
14.11
10
28.22
20
70.55
50
141.10
100
352.75
250
705.50
500
1,411
1,000
2,822
2,000
7,055
5,000
14,110
10,000
70,550
50,000
141,100
100,000
More amounts

To calculate specific INR/PHP amounts use our Convert INR 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 INR/PHP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

INR to PHP International Money Transfers

  

Foreign Transfer ProvidersReceive PHP(₱)Exchange RateFee INRTotal CostDeal Links
ICICI Bank International Money Transfers
ICICI Bank logo
6,742.890.6811₹1004.56%
Banks - Average Rate
Indian Bank logo ICICI Bank logo
6,7250.6793154.81%
Indian Bank International Money Transfers
Indian Bank logo
6,707.250.6775₹1005.06%
 
ICICI Bank logo
ICICI Bank: Foreign Transfer INR→PHP
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.6811 (3.6% from mid-rate)
To Amount (PHP)6,742.89
Total Cost:4.56%
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer INR→PHP
From Amount (INR)₹10,000
Fee:15
Exchange Rate:0.6641 (6% from mid-rate)
To Amount (PHP)6,725
Total Cost:4.81%
Difference:
₱18 PHP less than using ICICI Bank
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Indian Bank logo
Indian Bank: Foreign Transfer INR→PHP
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.6775 (4.1% from mid-rate)
To Amount (PHP)6,707.25
Total Cost:5.06%
Difference:
₱36 PHP less than using ICICI Bank
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Country Guides (INR & PHP)

IndiaIndia (INR)PhilippinesPhilippines (PHP)

INR and PHP in the Markets

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

Indian Rupee (INR)

The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).

In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.

Read more in the article INR 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 INR 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.

When is the best time to exchange INR 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 myBER FX Alerts

It is also a good idea to be aware of the change in the historic INR/PHP exchange rate over longer periods.

INR/PHP - Historical Rates

PeriodINR/PHPDate
1 Day0.712209 Feb 2020
7 Day0.713403 Feb 2020
30 Day0.712011 Jan 2020
3 Month0.707612 Nov 2019
1 Year0.732910 Feb 2019
5 Year0.712611 Feb 2015
10 Year0.996112 Feb 2010

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