Comparing USD to PHP Exchange Rates
You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale USD/PHP rate ( interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for USD to PHP International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.
US Dollar to Philippine Peso - Quick Conversions
|
USD |
PHP |
| U$ 1 |
₱ 48.05 |
| U$ 5 |
₱ 240.25 |
| U$ 10 |
₱ 480.50 |
| U$ 20 |
₱ 961.00 |
| U$ 50 |
₱ 2,403 |
| U$ 100 |
₱ 4,805 |
| U$ 250 |
₱ 12,013 |
| U$ 500 |
₱ 24,025 |
| U$ 1,000 |
₱ 48,050 |
| U$ 2,000 |
₱ 96,100 |
| U$ 5,000 |
₱ 240,250 |
| U$ 10,000 |
₱ 480,500 |
| U$ 50,000 |
₱ 2,402,500 |
| U$ 100,000 |
₱ 4,805,000 |
| More amounts |
Calculate other USD/PHP amounts (from or to) at mid-market with our
USD to PHP Calculator .
US Dollar and Philippine Peso - Market News
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)
Most banks and forecasters expect the down trend for USD to continue, with some predictions of a 20 per cent or more fall for the greenback in 2021.
Get more details in the article US Dollar Forecasts.
Philippine Peso (PHP)
In September 2020 the Philippine peso climbed to a three-year high against the US dollar. Migrant workers from Asia’s developing countries, such as the Philippines, have been sending home record amounts of money in recent months, defying pandemic expectations and propping up home economies at a critical time.
However, it appears workers are just sending money home in advance of their own return due to a bleak job market, particularly in the Middle East.
The Philippines government, expects almost 300,000 overseas Filipinos to come home this year, with potentially severe consequences as remittances make up about 10% of the economy.
Country Guides - Philippine Peso
How to get Good USD to PHP Exchange Rates
There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.
Reduce Excessive costs and fees
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 | Change | Period |
|---|
| 48.0564 08 Jan 2021 | 0% ▼ | 1 Week |
| 48.0500 16 Dec 2020 | 0% ▼ | 30 Days |
| 48.6906 17 Oct 2020 | 1.3% ▼ | 90 Days |
| 50.8643 16 Jan 2020 | 5.6% ▼ | 1 Year |
| 47.7989 17 Jan 2016 | 0.5% ▲ | 5 Years |
| 44.5161 18 Jan 2011 | 7.9% ▲ | 10 Years |
USD/PHP 10 year historic rates & change to 15-Jan-2021 : 48.0384
Will the US Dollar rise against the Philippine Peso?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/PHP to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
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View My Alerts
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.