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PHP to EUR - Compare Exchange Rates

Philippine Peso to Euro - Convert Compare Save

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 and Travel Money transactions as shown below.

 

Compare PHP/EUR Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks when making an International Money Transfer from PHP to EUR. The total costs are calculated against the latest mid-market rate.

Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee PHPTotal CostTransfer ServicesTransfer SpeedDeal Links
 
TorFX logo
167.00 EUR0.016701.18%Bank Transfers - Online & Phone1-2 days
 
OFX logo
166.96 EUR0.01669601.2%Bank Transfers - Online & Phone1-2 days
HSBC International Money Transfers
HSBC logo
159.41 EUR0.015965₱155.67%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Citibank logo HSBC logo
158.7 EUR0.015892156.09%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
157.99 EUR0.015818126.51%Online, Branch, Bank Transfers2-3 days
TorFX: Foreign Transfer PHP→EUR
PHP amount:10,000 PHP
Fee:0
Exchange Rate:0.016700 (1.18% from mid-rate)
EUR amount:167.00 EUR
Total Cost:1.18%
Time:1:12 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX: Foreign Transfer PHP→EUR
PHP amount:10,000 PHP
Fee:
Exchange Rate:0.016696 (1.2% from mid-rate)
EUR amount:166.96 EUR
Total Cost:1.2%
Difference:
€0.04 less than using TorFX
Time:
Rate Fetched: 1:12 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
HSBC: Foreign Transfer PHP→EUR
PHP amount:10,000 PHP
Fee:₱15 PHP (.15%)
Exchange Rate:0.015965 (5.53% from mid-rate)
EUR amount:159.41 EUR
Total Cost:5.67%
Difference:
€7.59 less than using TorFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Citibank logo HSBC logo

Foreign Transfer PHP→EUR
PHP amount:10,000 PHP
Fee:15
Exchange Rate:0.016144 (4.47% from mid-rate)
EUR amount:158.7 EUR
Total Cost:6.09%
Difference:
€8.3 less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Citibank: Foreign Transfer PHP→EUR
PHP amount:10,000 PHP
Fee:12
Exchange Rate:0.015818 (6.4% from mid-rate)
EUR amount:157.99 EUR
Total Cost:6.51%
Difference:
€9.01 less than using TorFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated as financial payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/20/2019

PHP to EUR mid-rate = 0.016965

Right now the PHP/EUR market mid-rate is 0.016965 and represents ideally how many Euro you can get for one Philippine Peso.

This PHP/EUR Converter calculates equivalent Philippine Peso to Euro amounts at the market mid-rate:

PHP / EUR mid-rate converter


₱PHP


€EUR
1 Philippine Peso equals
0.016965 Euro

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

Foreign Transfers

 
 
1 Week PHP to EUR Chart
Loading PHP/EUR rates
Sending to EUR we recommend: WorldRemit WorldRemit

Philippine Peso

Euro

1 PHP 0.0170 EUR
5 PHP 0.0848 EUR
10 PHP 0.1697 EUR
20 PHP 0.3393 EUR
50 PHP 0.8483 EUR
100 PHP 1.6965 EUR
250 PHP 4.2413 EUR
500 PHP 8.4825 EUR
1,000 PHP 16.97 EUR
2,000 PHP 33.93 EUR
5,000 PHP 84.83 EUR
10,000 PHP 169.65 EUR
50,000 PHP 848.25 EUR
100,000 PHP 1,696.50 EUR
See more

Philippine Peso

Euro

58.95 PHP 1 EUR
294.73 PHP 5 EUR
589.45 PHP 10 EUR
1,178.90 PHP 20 EUR
2,947.25 PHP 50 EUR
5,894.50 PHP 100 EUR
14,736.25 PHP 250 EUR
29,472.50 PHP 500 EUR
58,945.00 PHP 1,000 EUR
117,890.00 PHP 2,000 EUR
294,725.00 PHP 5,000 EUR
589,450.00 PHP 10,000 EUR
2,947,250.00 PHP 50,000 EUR
5,894,500.00 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
10 Feb 20190.01691 Week
18 Jan 20190.01671 Month
21 Aug 20180.01626 Months
17 Feb 20180.01541 Year
17 Feb 20170.01882 Years
18 Feb 20140.01635 Years
19 Feb 20090.016510 Years

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 and forecasts for Philippine Peso and Euro

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative 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

9-January-19: Since 2013, the Philippine peso has been among the world’s worst performing currencies. In the final quarter of 2018, the peso weakened to its lowest level against the US dollar since 2005, at rates in the ₱54.40s. By 2018 year-end, the peso had recovered into the mid-₱52s per USD and was down around 5 percent for the year.

Unfortunately for peso holders, the currency’s downtrend (USD/PHP’s uptrend) will likely resume in 2019, per remarks by DBS’ chief economist, who said “a very similar dynamic” of peso weakness would play out.

FX forecasters surveyed by Bloomberg in January expected the peso to be the joint second-worst performing Asian currency of 2019, with an expected loss versus the dollar of 2.5 percent. Given that the same forecasters expected a disappointing year for the dollar, it was implied that the peso would do far worse against other major currencies.

Euro (EUR) - Market news and forecasts

13-February-19: 2018 was a mixed year for the euro. A 5 percent loss versus the US dollar was offset by a 6 percent gain versus the Australian dollar and small gains against other majors.

Since November, the euro has been remarkably stable against the US dollar, against which it has traded for the most part between $1.125 and $1.15. The euro was quoted towards the low of this range at $1.128 at the time of writing, down 1.5 percent year-to-date.

At the time of writing, euro-pound was 2.5 percent lower on the year at £0.876. Most price action since September has been between £0.865 and £0.91.

The euro is understandably under pressure in early 2019 ahead of Brexit, which more than ever is a source of uncertainty, and on increasing recession risks — Italy slid into recession in February and Germany barely escaped one in the October-December period.

The main euro-supporting factor this year would be an interest rate hike by the ECB, although this is up in the air considering the aforementioned risks.

Forecasts: In February, the head of strategy at BMO Capital Markets predicted a decline in EUR/USD to 1.11 by the end of April. Experts at Natwest predicted a slide in EUR/GBP to £0.85 by mid-year.

Currency News and Forecasts

Pound at 2-Week High Ahead of May-Juncker Brexit Meeting
Euro to Strike 20-Month Low This Week; $1.12 Beckons
HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End
China’s Ant Financial Acquires WorldFirst
New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates
Dollar Optimism Drives Markets