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PHP to USD - Compare Exchange Rates

Philippine Peso to United States Dollar - 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/USD 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 USD. The total costs are calculated against the latest mid-market rate.

Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee PHPTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
189.49 USD0.01894901.2%Bank Transfers - Online & Phone1-2 days
 
TorFX logo
189.00 USD0.018901.45%Bank Transfers - Online & Phone1-2 days
HSBC International Money Transfers
HSBC logo
180.92 USD0.018119₱155.67%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Citibank logo HSBC logo
180.12 USD0.018036156.09%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
179.31 USD0.017953126.51%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:
Exchange Rate:0.018949 (1.2% from mid-rate)
USD amount:189.49 USD
Total Cost:1.2%
Time:
Rate Fetched: 1:12 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:0
Exchange Rate:0.018900 (1.45% from mid-rate)
USD amount:189.00 USD
Total Cost:1.45%
Difference:
$0.49 less than using OFX
Time:1:12 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
HSBC: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:₱15 PHP (.15%)
Exchange Rate:0.018119 (5.53% from mid-rate)
USD amount:180.92 USD
Total Cost:5.67%
Difference:
$8.57 less than using OFX
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→USD
PHP amount:10,000 PHP
Fee:15
Exchange Rate:0.018323 (4.46% from mid-rate)
USD amount:180.12 USD
Total Cost:6.09%
Difference:
$9.37 less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Citibank: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:12
Exchange Rate:0.017953 (6.39% from mid-rate)
USD amount:179.31 USD
Total Cost:6.51%
Difference:
$10 less than using OFX
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 USD mid-rate = 0.01925

Right now the PHP/USD market mid-rate is 0.01925 and represents ideally how many United States Dollar you can get for one Philippine Peso.

This PHP/USD Converter calculates equivalent Philippine Peso to United States Dollar amounts at the market mid-rate:

PHP / USD mid-rate converter


₱PHP


$USD
1 Philippine Peso equals
0.01925 United States Dollar

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

Foreign Transfers

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

Philippine Peso

United States Dollar

1 PHP 0.0193 USD
5 PHP 0.0963 USD
10 PHP 0.1925 USD
20 PHP 0.3850 USD
50 PHP 0.9625 USD
100 PHP 1.9250 USD
250 PHP 4.8125 USD
500 PHP 9.6250 USD
1,000 PHP 19.25 USD
2,000 PHP 38.50 USD
5,000 PHP 96.25 USD
10,000 PHP 192.50 USD
50,000 PHP 962.50 USD
100,000 PHP 1,925.00 USD
See more

Philippine Peso

United States Dollar

51.95 PHP 1 USD
259.75 PHP 5 USD
519.49 PHP 10 USD
1,038.98 PHP 20 USD
2,597.45 PHP 50 USD
5,194.90 PHP 100 USD
12,987.25 PHP 250 USD
25,974.50 PHP 500 USD
51,949.00 PHP 1,000 USD
103,898.00 PHP 2,000 USD
259,745.00 PHP 5,000 USD
519,490.00 PHP 10,000 USD
2,597,450.00 PHP 50,000 USD
5,194,900.00 PHP 100,000 USD
See more

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Philippine Peso to United States Dollar (PHP-USD) - 10 Year History

The below table shows the historic variation in the PHP/USD 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 20190.01921 Week
18 Jan 20190.01901 Month
21 Aug 20180.01876 Months
17 Feb 20180.01911 Year
17 Feb 20170.02002 Years
18 Feb 20140.02245 Years
19 Feb 20090.020910 Years

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

The PHP/USD 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 / USD 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/USD 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 USD exchange rate

  1. Know the latest PHP/USD 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 United States Dollar

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 USD, you should pay attention to both Philippine Peso and United States Dollar 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.

United States Dollar (USD) - Market news and forecasts

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

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