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PHP to USD Calculator

Philippine Peso to United States Dollar - Convert Compare Save

PHP to USD mid-rate = 0.018949

Right now the PHP/USD market mid-rate is 0.018949 and represents ideally how many United States Dollar you can get for one Philippine Peso.

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

PHP / USD Converter


₱PHP


$USD
1 Philippine Peso equals
0.018949 United States Dollar

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

Foreign Transfers

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

Philippine Peso

United States Dollar

1 PHP 0.0189 USD
5 PHP 0.0947 USD
10 PHP 0.1895 USD
20 PHP 0.3790 USD
50 PHP 0.9475 USD
100 PHP 1.8949 USD
250 PHP 4.7373 USD
500 PHP 9.4745 USD
1,000 PHP 18.95 USD
2,000 PHP 37.90 USD
5,000 PHP 94.75 USD
10,000 PHP 189.49 USD
50,000 PHP 947.45 USD
100,000 PHP 1,894.90 USD
See more

Philippine Peso

United States Dollar

52.77 PHP 1 USD
263.87 PHP 5 USD
527.73 PHP 10 USD
1,055.46 PHP 20 USD
2,638.65 PHP 50 USD
5,277.30 PHP 100 USD
13,193.25 PHP 250 USD
26,386.50 PHP 500 USD
52,773.00 PHP 1,000 USD
105,546.00 PHP 2,000 USD
263,865.00 PHP 5,000 USD
527,730.00 PHP 10,000 USD
2,638,650.00 PHP 50,000 USD
5,277,300.00 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
02 Dec 20180.01911 Week
09 Nov 20180.01881 Month
12 Jun 20180.01886 Months
09 Dec 20170.01981 Year
09 Dec 20160.02012 Years
10 Dec 20130.02265 Years
11 Dec 20080.020910 Years

Best Rates for PHP/USD 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 USD.

Compare PHP to USD Foreign Transfers vs the Banks

ProvidersAmount USD($)Exchange RateFee PHPTotal CostTransfer SpeedTransfer ServicesReviewsDeal Links
TorFX logo
188.00 USD0.018801%1-2 daysOnline, Bank Account to Bank Account
 
OFX logo
187.62 USD0.01876201.2%1-2 daysOnline, Bank Account to Bank Account
 
HSBC logo
179.14 USD0.017941₱155.67%2-3 daysOnline, Branch, Bank Account to Bank Account
Average Rate:
Banks - Average Rate
Citibank logo HSBC logo
178.35 USD0.017859156.08%2-3 daysOnline, Branch, Bank Account to Bank Account
Citibank
Citibank logo
177.55 USD0.017776126.5%2-3 daysOnline, Branch, Bank Account to Bank Account
TorFX: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:0
Exchange Rate:0.018800 (1% from mid-rate)
USD amount:188.00 USD
Total Cost:1%
Time:1:12 Local
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.7/5.0
Reviews:
 
OFX: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:
Exchange Rate:0.018762 (1.2% from mid-rate)
USD amount:187.62 USD
Total Cost:1.2%
Difference:
USD0.38 USD less than using TorFX
Time:
Rate Fetched: 1:12 Local
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.8/5.0
Reviews:
HSBC: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:₱15 PHP (.15%)
Exchange Rate:0.017941 (5.52% from mid-rate)
USD amount:179.14 USD
Total Cost:5.67%
Difference:
USD8.86 USD less than using TorFX
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→USD
PHP amount:10,000 PHP
Fee:15
Exchange Rate:0.018142 (4.47% from mid-rate)
USD amount:178.35 USD
Total Cost:6.08%
Difference:
USD9.65 USD less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Citibank: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:12
Exchange Rate:0.017776 (6.39% from mid-rate)
USD amount:177.55 USD
Total Cost:6.5%
Difference:
USD10 USD less than using TorFX
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/USD mid-rate: 0.018990


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, Research and Forecasts for Philippine Peso and United States Dollar

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

United States Dollar (USD) - Market news and forecasts

2018 has been a good year for the dollar; certainly much better than 2017, in which the world’s reserve currency lost 10 percent of its value on a trade-weighted basis. Entering the third week of November 2018, the dollar stood nearly 5 percent higher than its level on January 1st. The dollar benefitted in the month leading up to this report from Brexit uncertainty in Europe and from a collapse in the oil market, which saw its value rise against petro-currencies.

Seasonality becomes an important supporting factor for the dollar approaching year-end, and especially in November. Since 2010, the dollar has averaged trade-weighted gains of 1.8 percent in November and 0.2 percent in December.

In September, Citibank said of the dollar’s 6-12-month outlook that 3-4 percent upside was likely, followed by an 11 percent loss in the long term. It predicted EUR/USD climbing as high as $1.30, from levels in the high $1.13s at the time of writing.

Like Citi, ING remain long-term bearish on the dollar. ING isn't ruling out interventions and jawboning from Washington aimed at weakening the dollar. President Trump clearly would like a far weaker currency.

J.P. Morgan said in November that the dollar would be worth slightly more in the first half of 2019, before weakening slightly in the second half of the year.


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