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No rates for PHP to USD foreign transfer

PHP/USD - Live Converters & Chart

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.

 

PHP to USD interbank exchange rate = 0.019057

This calculator converts amounts at the latest USD/PHP mid-rate or enter a rate to check the exchange rate you are being offered or already charged.

 

PHP / USD converter & margin calculator

₱PHP
$USD
Mid-rates:
 
 

Foreign Transfers Travel Money

Sending PHP->USD we recommend:

WorldRemit WorldRemit

Philippine Peso

United States Dollar

1 PHP 0.0191 USD
5 PHP 0.0953 USD
10 PHP 0.1906 USD
20 PHP 0.3811 USD
50 PHP 0.9529 USD
100 PHP 1.9057 USD
250 PHP 4.7643 USD
500 PHP 9.5285 USD
1,000 PHP 19.06 USD
2,000 PHP 38.11 USD
5,000 PHP 95.29 USD
10,000 PHP 190.57 USD
50,000 PHP 952.85 USD
100,000 PHP 1,905.70 USD
See more

Philippine Peso

United States Dollar

52.48 PHP 1 USD
262.38 PHP 5 USD
524.75 PHP 10 USD
1,049.50 PHP 20 USD
2,623.75 PHP 50 USD
5,247.50 PHP 100 USD
13,118.75 PHP 250 USD
26,237.50 PHP 500 USD
52,475.00 PHP 1,000 USD
104,950.00 PHP 2,000 USD
262,375.00 PHP 5,000 USD
524,750.00 PHP 10,000 USD
2,623,750.00 PHP 50,000 USD
5,247,500.00 PHP 100,000 USD
See more

Compare Actual PHP/USD Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks for PHP/USD International Money Transfers. Total Costs are calculated when the amount when PHP is converted to USD at the mid-rate without fees.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer ProvidersReceive USD($)Exchange RateFee PHPTotal CostTransfer ServicesTransfer SpeedDeal Links
OFX logo
188.28 USD0.01882801.2%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
TorFX logo
188.10 USD0.0188101.3%Bank Transfers - Online & Phone1-2 days
HSBC logo
179.77 USD0.018004₱155.67%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Citibank logo HSBC logo
178.97 USD0.017921156.09%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
178.17 USD0.017838126.51%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:
Exchange Rate:0.018828 (1.2% from mid-rate)
USD amount:188.28 USD
Total Cost:1.2%
Time:
Rate Fetched: 1:12 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:0
Exchange Rate:0.018810 (1.3% from mid-rate)
USD amount:188.10 USD
Total Cost:1.3%
Difference:
0.18 USD 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 logoHSBC

HSBC: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:₱15 PHP (.15%)
Exchange Rate:0.018004 (5.53% from mid-rate)
USD amount:179.77 USD
Total Cost:5.67%
Difference:
8.51 USD 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

Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:15
Exchange Rate:0.018206 (4.47% from mid-rate)
USD amount:178.97 USD
Total Cost:6.09%
Difference:
9.31 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Citibank logoCitibank

Citibank: Foreign Transfer PHP→USD
PHP amount:10,000 PHP
Fee:12
Exchange Rate:0.017838 (6.4% from mid-rate)
USD amount:178.17 USD
Total Cost:6.51%
Difference:
10 USD less than using OFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
05/22/2019

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PHP/USD - Historical Trends

This table shows historic rates and trends of Philippine Peso to United States Dollar over periods upto 10 years.

PeriodPHP/USDDate
1 Day0.019019 May 2019
1 Week0.019113 May 2019
1 Month0.019420 Apr 2019
6 Months0.019221 Nov 2018
1 Year0.019120 May 2018
5 Years0.022921 May 2014
10 Years0.021322 May 2009

You can use our PHP interactive charts to check PHPUSD historic trends.

Outlook and forecasts for PHP and USD

Whenever you are researching a particular exchange rate you are actually interested in two currencies as exchange rates are the ratio between two currencies.

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 the forecasts and trends for both Philippine Peso and United States Dollar:

 

Philippine Peso (PHP) outlook

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.

 

United States Dollar (USD) outlook

The US dollar has benefitted this year despite some quite serious escalations in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. By mid-May, the Dollar Index was nearly 2 percent higher year-to-date; it was only 0.5 percent away from making a 2-year high.

The greenback’s 2019 strength has come in spite of a dovish turn by the Federal Reserve, which said in March it expects no interest rate increase this year. Fortunately for dollar holders, the rest of the world has problems and many other central banks have also turned dovish, removing some of the policy-based incentives for selling USD.

In May, HSBC warned against thinking that the dollar has got too high. The bank highlighted the “desolation and destruction” (an exaggeration) facing other economies and currencies. “You can never get too high,” the bank’s chief analyst said. “What would you want to buy out there if not dollars?”

Read the full article United States Dollar Forecasts.

Why can't I just get the PHP/USD market rate I see online or in the media?

The PHP/USD mid-rate is the rate you will see quoted online 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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all PHP Exchange Rates