Rate direction
Philippine peso to US dollar · PHP/USD trend
Review the recent market direction, current mid-market rate and significant movement alerts.
90-day market context
PHP to USD at 0.016268 is near its 3-month average, having traded in a very stable 2.6% range from 0.016164 to 0.016590
Quick PHP/USD forecast
Currency Forecasts related to PHP/USD
PHP to USD Exchange Rate Forecast & Outlook
Currently, PHP/USD is trading near recent highs at around 0.016219, close to the 3-month average. The pair is supported by the US dollar’s strength, underpinned by hawkish Federal Reserve expectations and rising oil prices.
PHP to USD Conversion: What Is Your Money Worth?
View common conversion amounts at today’s mid-market rate
To help you understand the real-world value of the current exchange rate, the table below shows how much Philippine peso are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different PHP amounts at today’s rate * :
*Converted at the current PHP-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the
best Send Money conversion rate for PHP to USD?
The best PHP to USD exchange rate is 0.0162 from Wise. This is -0.51% compared to the mid-market rate 0.016283.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Philippine peso (PHP) to US dollar (USD) rates from different sources before making a conversion.
The above Peso to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest PHP-USD mid-rate and the possible savings of using various providers.
How do PHP-USD rates compare between providers?
Looking at the full PHP to USD - Send Money comparison table the provider with the best PHP to USD exchange rate is Wise at 0.0162, -0.51% from the latest mid-market rate 0.016283.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.