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PHP to EUR Calculator

Philippine Peso to Euro - Convert Compare Save

PHP to EUR mid-rate = 0.016684

Right now the PHP/EUR market mid-rate is 0.016684 and represents ideally how many Euro you can get for one Philippine Peso.

You can calculate equivalent Philippine Peso to Euro currency amounts (at mid-rate) below.

PHP / EUR Converter


₱PHP


€EUR
1 Philippine Peso equals
0.016684 Euro

Compare how much you can save on
PHP/EUR exchange rates for:

Foreign Transfers

 
 
3 Month PHP to EUR Chart
Loading PHP/EUR rates
Sending to EUR we recommend: WorldRemit WorldRemit

Philippine Peso

Euro

1 PHP 0.0167 EUR
5 PHP 0.0834 EUR
10 PHP 0.1668 EUR
20 PHP 0.3337 EUR
50 PHP 0.8342 EUR
100 PHP 1.6684 EUR
250 PHP 4.1710 EUR
500 PHP 8.3420 EUR
1,000 PHP 16.68 EUR
2,000 PHP 33.37 EUR
5,000 PHP 83.42 EUR
10,000 PHP 166.84 EUR
50,000 PHP 834.20 EUR
100,000 PHP 1,668.40 EUR
See more

Philippine Peso

Euro

59.94 PHP 1 EUR
299.68 PHP 5 EUR
599.37 PHP 10 EUR
1,198.73 PHP 20 EUR
2,996.84 PHP 50 EUR
5,993.67 PHP 100 EUR
14,984.18 PHP 250 EUR
29,968.35 PHP 500 EUR
59,936.70 PHP 1,000 EUR
119,873.40 PHP 2,000 EUR
299,683.50 PHP 5,000 EUR
599,367.00 PHP 10,000 EUR
2,996,835.00 PHP 50,000 EUR
5,993,670.00 PHP 100,000 EUR
See more

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Philippine Peso to Euro (PHP-EUR) - 10 Year History

The below table shows the historic variation in the PHP/EUR exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of PHP versus other currencies : PHP historical charts.

DateExchange RatePeriod
02 Dec 20180.01691 Week
09 Nov 20180.01661 Month
12 Jun 20180.01606 Months
09 Dec 20170.01681 Year
09 Dec 20160.01902 Years
10 Dec 20130.01645 Years
11 Dec 20080.015710 Years

Best Rates for PHP/EUR Transfers and Travel Money

The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from PHP to EUR.

Compare PHP to EUR Foreign Transfers vs the Banks

ProvidersAmount EUR(€)Exchange RateFee PHPTotal CostTransfer SpeedTransfer ServicesReviewsDeal Links
OFX logo
165.16 EUR0.01651601.2%1-2 daysOnline, Bank Account to Bank Account
 
TorFX logo
165.00 EUR0.016501.3%1-2 daysOnline, Bank Account to Bank Account
 
HSBC logo
157.69 EUR0.015793₱155.67%2-3 daysOnline, Branch, Bank Account to Bank Account
Average Rate:
Banks - Average Rate
Citibank logo HSBC logo
156.99 EUR0.015720156.09%2-3 daysOnline, Branch, Bank Account to Bank Account
Citibank
Citibank logo
156.29 EUR0.015648126.51%2-3 daysOnline, Branch, Bank Account to Bank Account
 
OFX: Foreign Transfer PHP→EUR
PHP amount:10,000 PHP
Fee:
Exchange Rate:0.016516 (1.2% from mid-rate)
EUR amount:165.16 EUR
Total Cost:1.2%
Time:
Rate Fetched: 1:12 Local
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer PHP→EUR
PHP amount:10,000 PHP
Fee:0
Exchange Rate:0.016500 (1.3% from mid-rate)
EUR amount:165.00 EUR
Total Cost:1.3%
Difference:
EUR0.16 EUR less than using OFX
Time:1:12 Local
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.7/5.0
Reviews:
HSBC: Foreign Transfer PHP→EUR
PHP amount:10,000 PHP
Fee:₱15 PHP (.15%)
Exchange Rate:0.015793 (5.53% from mid-rate)
EUR amount:157.69 EUR
Total Cost:5.67%
Difference:
EUR7.47 EUR less than using OFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Citibank logo HSBC logo

Foreign Transfer PHP→EUR
PHP amount:10,000 PHP
Fee:15
Exchange Rate:0.015971 (4.46% from mid-rate)
EUR amount:156.99 EUR
Total Cost:6.09%
Difference:
EUR8.17 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Citibank: Foreign Transfer PHP→EUR
PHP amount:10,000 PHP
Fee:12
Exchange Rate:0.015648 (6.39% from mid-rate)
EUR amount:156.29 EUR
Total Cost:6.51%
Difference:
EUR8.87 EUR less than using OFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/14/2018.
Total Cost = Fee + exchange rate margin vs PHP/EUR mid-rate: 0.016717


Why can't I just get the PHP/EUR market rate I see on Google or in the Media?

The PHP/EUR mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the PHP / EUR was traded (bought or sold) in the international markets.

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.

The closer your final exchange rate is to the market PHP/EUR midrate the better deal you are getting.

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

The three things you need in order to get a good PHP to EUR exchange rate

  1. Know the latest PHP/EUR market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.


Currency News, Research and Forecasts for Philippine Peso and Euro

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the PHP vs EUR, you should pay attention to both Philippine Peso and Euro news and forecasts.

Philippine Peso (PHP) - Market news and forecasts

Since 2013, the Philippine peso has been among the world’s worst performing currencies. The second quarter of 2018 saw the peso fall to its lowest levels since 2005 at rates per US dollar in the mid-₱54s. With October and early November’s recovery (see below) to 53 per dollar, the peso reduced its year-to-date loss to only 5.7 percent versus the greenback. Against the euro, the peso was little changed (₱60.22) on the year, and it was marginally higher against the Australian dollar (₱38.33).

The principal reasons for peso weakness remain the Philippines’ trade deficit, which in 2017 was the largest ever recorded at $29.8 billion, and inflation, which reached 6.7 percent in the year to September.

On November 8th (the day of this report), the peso achieved its highest level against the dollar in 5 months and its highest level against the euro in 10 months. Short-term peso strength has been the result of a “perception that inflation has peaked,” said a Union Bank of the Philippines economist.

For 2019, the peso’s downtrend will likely resume, per the remarks of DBS’ chief economist, who believes that “a very similar dynamic” of peso weakness will play out.

Euro (EUR) - Market news and forecasts

The euro is heading higher, experts said in November.

Increasingly, complications over Brexit are seen to be a UK problem; less so for the euro area.

With this in mind, and despite disappointing economic data of late, Citibank is confident of a long-term move in EUR/USD to $1.3, from $1.139 at the time of this report (November-21). “Underpinned by the less accommodative policies of the ECB,” the euro will most likely achieve this target, which represents a 14 percent gain, before the end of 2019, Citi has said.

Relative to the pound, the euro had recovered in the days leading up to this report into the £0.89s, from the mid-£0.86s. With political turmoil in the UK, there is room for the exchange rate to reach £0.92 in the months ahead, a Nordea Markets analyst believes. A return to £0.92 would take EUR/GBP back to levels not seen since September 2017.

For EUR/CHF, which averaged Fr1.137 in the weeks leading up to this report, a 5.5 percent rise to Fr1.2 is due sometime within the next 6-12 months, per analysts at Danske Bank.


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