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Best Exchange Rates

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USD to PHP - Compare Exchange Rates

United States Dollar to Philippine Peso - 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 USD/PHP Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks when making an International Money Transfer from USD to PHP. The total costs are calculated against the latest mid-market rate.

Foreign Transfer Providers
Ratings & Reviews
Receive PHP(₱)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
506,300 PHP
Best Overall
50.630^2.93%Bank Transfers - Online & Phone1-2 days
 
TransferWise logo
518,940 PHP
12,640 PHP more
52.16$510.5%Bank Transfers - Online1-2 days
Wells Fargo Bank logo
495,806 PHP
10,494 PHP less
49.67184.94%Online, Branch, Bank Transfers2-3 days
HSBC logo
495,456 PHP
10,844 PHP less
49.62$155.01%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
492,445 PHP
13,855 PHP less
49.53155.58%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
489,258 PHP
17,042 PHP less
49.42$1006.19%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
489,258 PHP
17,042 PHP less
49.42$1006.19%Online, Branch, Bank Transfers2-3 days
 
Xoom logo
Your amount above the Xoom USD2999 maximum
NaN PHP less
 
WorldRemit logo
Your amount above the WorldRemit USD2000 maximum
NaN PHP less
 
OFX: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:50.63 (2.93% from mid-rate)
PHP amount:506,300 PHP
Total Cost:2.93%
Time:
Rate Fetched: Fri Feb 22 2019 10:03:58 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:52.16 (-0.01% from mid-rate)
PHP amount:518,940 PHP
Total Cost:0.5%
Difference:
12,640 PHP more than using OFX
Time:12:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:18
Exchange Rate:49.67 (4.77% from mid-rate)
PHP amount:495,806 PHP
Total Cost:4.94%
Difference:
10,494 PHP less than using OFX
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:49.62 (4.86% from mid-rate)
PHP amount:495,456 PHP
Total Cost:5.01%
Difference:
10,844 PHP less than using OFX
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:15
Exchange Rate:49.31 (5.46% from mid-rate)
PHP amount:492,445 PHP
Total Cost:5.58%
Difference:
13,855 PHP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:49.42 (5.25% from mid-rate)
PHP amount:489,258 PHP
Total Cost:6.19%
Difference:
17,042 PHP less than using OFX
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:49.42 (5.25% from mid-rate)
PHP amount:489,258 PHP
Total Cost:6.19%
Difference:
17,042 PHP less than using OFX
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Xoom: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:
Transfer Speed:
Services:
Rating:
 
: 4.2/5.0
Reviews:
WorldRemit: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
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 in the US as licensed money transmitters. 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: 02/22/2019

The below table shows a snapshot of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money Providers
Ratings & Reviews
Amount PHP(₱)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
Wells Fargo Bank logo
48,833 PHP
49.83$206.37%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
48,827 PHP
6 PHP less
49.33$106.39%Branch-
U.S. Bank Foreign Currency
U.S. Bank logo
48,820 PHP
13 PHP less
48.8206.4%Branch-
 
Travelex Online US logo
46,215 PHP
2,618 PHP less
46.21460^11.39%Online order, Branch pickup, Home delivery2-3 days
Wells Fargo Bank: Travel Money USD→PHP
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:49.83 (4.46% from mid-rate)
PHP amount:48,833 PHP
Total Cost:6.37%
Time:12:08 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo

Travel Money USD→PHP
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:45.64 (12.49% from mid-rate)
PHP amount:48,827 PHP
Total Cost:6.39%
Currency Services:Branch
Delivery/Collect:-
U.S. Bank: Travel Money USD→PHP
USD amount:$1,000 USD
Fee:0
Exchange Rate:48.82 (6.4% from mid-rate)
PHP amount:48,820 PHP
Total Cost:6.4%
Time:12:08 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→PHP
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:46.2146 (11.39% from mid-rate)
PHP amount:46,215 PHP
Total Cost:11.39%
Time:
Rate Fetched: Fri Feb 22 2019 10:15:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
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 in the US as licensed money transmitters. 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: 02/22/2019

USD to PHP mid-rate = 52.146

Right now the USD/PHP market mid-rate is 52.146 and represents ideally how many Philippine Peso you can get for one United States Dollar.

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

USD / PHP mid-rate converter


$USD


₱PHP
1 United States Dollar equals
52.146 Philippine Peso

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

Foreign Transfers Travel Cash/Cards

 
 
1 Week USD to PHP Chart
Loading USD/PHP rates

United States Dollar

Philippine Peso

1 USD 52.15 PHP
5 USD 260.73 PHP
10 USD 521.46 PHP
20 USD 1,042.92 PHP
50 USD 2,607.30 PHP
100 USD 5,214.60 PHP
250 USD 13,036.50 PHP
500 USD 26,073.00 PHP
1,000 USD 52,146.00 PHP
2,000 USD 104,292.00 PHP
5,000 USD 260,730.00 PHP
10,000 USD 521,460.00 PHP
50,000 USD 2,607,300.00 PHP
100,000 USD 5,214,600.00 PHP
See more

United States Dollar

Philippine Peso

0.0192 USD 1 PHP
0.0959 USD 5 PHP
0.1918 USD 10 PHP
0.3835 USD 20 PHP
0.9589 USD 50 PHP
1.9177 USD 100 PHP
4.7943 USD 250 PHP
9.5885 USD 500 PHP
19.18 USD 1,000 PHP
38.35 USD 2,000 PHP
95.89 USD 5,000 PHP
191.77 USD 10,000 PHP
958.85 USD 50,000 PHP
1,917.70 USD 100,000 PHP
See more

PHP Country Guides
PhilippinesPhilippines

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

The below table shows the historic variation in the USD/PHP 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 USD versus other currencies : USD historical charts.

DateExchange RatePeriodChange
21 Feb 201952.2038Latest
14 Feb 201952.27261 Week-0.13%
22 Jan 201952.79971 Month-1.13%
25 Aug 201853.32916 Months-2.11%
21 Feb 201852.10751 Year+0.18%
21 Feb 201750.26852 Years+3.85%
22 Feb 201444.58335 Years+17.09%
23 Feb 200948.022110 Years+8.71%

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

The USD/PHP 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 USD / PHP 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 USD/PHP 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 USD to PHP exchange rate

  1. Know the latest USD/PHP 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 United States Dollar and Philippine Peso

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 USD vs PHP, you should pay attention to both United States Dollar and Philippine Peso news and forecasts.

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.

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.

Currency News and Forecasts - United States Dollar

Japan Allows Fintech Payments Specialists to Compete with Banks
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