USD to PHP - Exchange Rate Review

US Dollar to Philippine Peso exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.


Latest USD/PHP exchange rate (wholesale):

1 USD = 48.98 PHP

Sell USD / Buy PHP 

USD to PHP chart and trends
USD to PHP at 49.08 was trading 1.7% below AVG:49.92 with LO:49.04 and HI:50.84 (90 days). There are no current rate alerts.

US Dollar to Philippine Peso - Quick Conversions

U$ 1 48.98
U$ 5 244.90
U$ 10 489.80
U$ 20 979.60
U$ 50 2,449
U$ 100 4,898
U$ 250 12,245
U$ 500 24,490
U$ 1,000 48,980
U$ 2,000 97,960
U$ 5,000 244,900
U$ 10,000 489,800
U$ 50,000 2,449,000
U$ 100,000 4,898,000
More amounts
U$ 0.0204 ₱ 1
U$ 0.1021 ₱ 5
U$ 0.2042 ₱ 10
U$ 0.4083 ₱ 20
U$ 1.0208 ₱ 50
U$ 2.0416 ₱ 100
U$ 5.1040 ₱ 250
U$ 10.21 ₱ 500
U$ 20.42 ₱ 1,000
U$ 40.83 ₱ 2,000
U$ 102.08 ₱ 5,000
U$ 204.16 ₱ 10,000
U$ 1,021 ₱ 50,000
U$ 2,042 ₱ 100,000
More amounts

To calculate other USD/PHP amounts try our home-page Convert USD to PHP quick converter.

Comparing Retail Exchange Rates

The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.


Country Guides - Philippine Peso

PhilippinesPhilippines (PHP)

US Dollar - Philippine Peso Forecasting

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

US Dollar (USD)

Key fundamentals that previously propped up the USD (such as company revenues, inflation rates and interest rates) have been rapidly eroded. However, there are drivers for a temporary shift in risk demand for the US dollar. Nothing goes down in a straight line, and the US dollar might bounce before it continues its trend lower.

The US dollar has dropped steadily for the last 3 months against nearly all major currencies.

Bank of America predict that an early discovery of a vaccine against the coronavirus would be a positive for the US dollar. That's because Europe and Asia have a higher chance of fresh waves of infections the longer it takes for a vaccine to be found, a scenario that's bullish for the US dollar, read more at the Bloomberg report.

In July market USD forecasts started predicting US dollar weakness during the second half of 2020. This was triggered by the mid-July european leaders delivery a historic stimulus package which was seen by market commentators as positive for the euro and hence negative for US dollar.

In early May the continuing coronavirus pandemic and an associated possible re-escalation in the US-China trade tensions has moved the market into safer currencies such as the USD and JPY.

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

Read more in the article USD Forecasts.


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.


How to get Best USD to PHP 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 USD to PHP exchange rate?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the US Dollar vs Philippine Peso current value is to look the USD/PHP historic rate and change over a range of periods.

The following table looks at the change in the USD to PHP exchange rate over periods from the previous week back to the last 10 years.

USD/PHP rateChangePeriod
03 Aug 2020 : 49.09150.1% ▼1 Week
11 Jul 2020 : 49.47100.8% ▼30 Days
12 May 2020 : 50.29602.5% ▼90 Days
11 Aug 2019 : 52.01705.7% ▼1 Year
12 Aug 2015 : 46.15546.3% ▲5 Years
13 Aug 2010 : 45.36848.1% ▲10 Years
USD/PHP 10 year historic rates & changes to 10-Aug-2020 : 49.0592

When is the best time to exchange USD to PHP?

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