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PHP to USD - Exchange Rates

Philippine Peso to US Dollar 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.

Foreign Exchange margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 PHP = 0.019602 USD

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PHP to USD 90-Day Trend
ALERT:1-DAY0.6% 🔔|
PHP/USD at 0.019602 was trading near AVG:0.019671 with LO:0.019329 and HI:0.019903 (90 days). ALERT: Today PHP/USD is DOWN 0.6%
27-MAR 6PM-NY 10PM-LON 28-MAR 6AM-HK 9AM-SYD

Convert PHP to USD More Charts


Quick Conversions from Philippine Peso to US Dollar

PHP USD
₱ 1 U$ 0.0196
₱ 5 U$ 0.0980
₱ 10 U$ 0.1960
₱ 20 U$ 0.3920
₱ 50 U$ 0.9801
₱ 100 U$ 1.9602
₱ 250 U$ 4.9005
₱ 500 U$ 9.8010
₱ 1,000 U$ 19.60
₱ 2,000 U$ 39.20
₱ 5,000 U$ 98.01
₱ 10,000 U$ 196.02
₱ 50,000 U$ 980.10
₱ 100,000 U$ 1,960
More amounts
PHP USD
51.01 U$ 1
255.05 U$ 5
510.10 U$ 10
1,020 U$ 20
2,551 U$ 50
5,101 U$ 100
12,753 U$ 250
25,505 U$ 500
51,010 U$ 1,000
102,020 U$ 2,000
255,050 U$ 5,000
510,100 U$ 10,000
2,550,500 U$ 50,000
5,101,000 U$ 100,000
More amounts

To calculate your own PHP/USD amounts use our Convert PHP to USD 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 PHP/USD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

PHP to USD International Money Transfers

  

Foreign Transfer Provider Receive USD(U$) Exchange RateFee PHPDeal Links
TorFX logo
U$194.06
1%
0.0194060
OFX logo
U$193.67
1.2%
0.0193670 for BER users (normally $15)
HSBC logo
U$184.91
5.67%
0.018519₱15
Banks - Average Rate
Citibank logo HSBC logo
U$184.08
6.09%
0.01843415
Citibank International Money Transfers
Citibank logo
U$183.26
6.51%
0.01834812
 
TorFX logo
TorFX: Foreign Transfer PHP→USD
From Amount (PHP)₱10,000
Fee:0
Exchange Rate:0.019406 (1% from mid-rate)
To Amount (USD) U$194.06
Total Cost:1%
Time:1:16 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer PHP→USD
From Amount (PHP)₱10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.019367 (1.2% from mid-rate)
To Amount (USD) U$193.67
Total Cost:1.2%
Difference:
U$0.39 USD less than using TorFX
Time:
Rate Fetched: 1:16 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer PHP→USD
From Amount (PHP)₱10,000
Fee:₱15 PHP (.15%)
Exchange Rate:0.018519 (5.52% from mid-rate)
To Amount (USD) U$184.91
Total Cost:5.67%
Difference:
U$9.15 USD less than using TorFX
Time:1:16 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer PHP→USD
From Amount (PHP)₱10,000
Fee:15
Exchange Rate:0.018727 (4.46% from mid-rate)
To Amount (USD) U$184.08
Total Cost:6.09%
Difference:
U$9.98 USD less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Citibank logo
Citibank: Foreign Transfer PHP→USD
From Amount (PHP)₱10,000
Fee:12
Exchange Rate:0.018348 (6.4% from mid-rate)
To Amount (USD) U$183.26
Total Cost:6.51%
Difference:
U$11 USD less than using TorFX
Time:1:16 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 03/29/2020 - View latest rates
 

Country Guides (PHP & USD)

United StatesUnited States (USD)PhilippinesPhilippines (PHP)East TimorEast Timor (USD)
EcuadorEcuador (USD)El SalvadorEl Salvador (USD)British Virgin IslandsBritish Virgin Islands (USD)
US Virgin IslandsUS Virgin Islands (USD)Caribbean NetherlandsCaribbean Netherlands (USD)Turks and Caicos IslandsTurks and Caicos Islands (USD)
ZimbabweZimbabwe (USD)

PHP and USD in the Markets

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

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.

 

US Dollar (USD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD Forecasts.


How to get Best PHP to USD 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.

What is a good PHP to USD exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the PHP to USD exchange rate to the present day for periods going back upto 10 years.

PeriodPHP/USDDate
1 Day0.019523 Mar 2020
7 Day0.019317 Mar 2020
30 Day0.019623 Feb 2020
3 Month0.019725 Dec 2019
1 Year0.019125 Mar 2019
5 Year0.022326 Mar 2015
10 Year0.022027 Mar 2010

When is the best time to exchange PHP to USD?

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 BER.me FX Alerts

We help you Save Money on Exchange Rates.

 

View all PHP Exchange Rates