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USD to PHP - Rate Guide

United States Dollar to Philippine Peso exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

USD/PHP update & alerts

1 USD = 51.3 PHP

ALERT: 60-DAY LOW |
At 51.25 USD/PHP is trading well below its 90-DAY average 51.85 with HIGH-LOW 52.72-50.81. ALERT: Today USD/PHP has dropped to a 60-DAY LOW. Updated: 14:07-AEDT 04:07-BST 23:07-EDT
 

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USD/PHP Exchange Rates and Providers Compared

This guide to the United States Dollar to Philippine Peso exchange rate with 90-day chart & alerts, historic rates, forecasts and USD to PHP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the USD/PHP Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for USD/PHP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

USD to PHP International Money Transfers

  

Foreign Transfer ProvidersReceive PHP(₱)Exchange RateFee USDTotal CostDeal Links
XE logo
505,900
Best Overall
50.5901.24%
OFX logo
494,600
₱11,300 less
49.460^3.45%
Wells Fargo Bank logo
483,927
₱21,973 less
48.48185.53%
HSBC logo
483,574
₱22,326 less
48.43U$155.6%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
480,614
₱25,286 less
48.34156.18%
Bank of America International Money Transfers
Bank of America logo
477,477
₱28,423 less
48.23U$1006.79%
U.S. Bank International Money Transfers
U.S. Bank logo
477,477
₱28,423 less
48.23U$1006.79%
 

XE logo

XE: Foreign Transfer USD→PHP
From Amount (USD)U$10,000
Fee:
Exchange Rate:50.59 (1.24% from mid-rate)
To Amount (PHP)505,900
Total Cost:1.24%
Time:18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer USD→PHP
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:49.46 (3.45% from mid-rate)
To Amount (PHP)494,600
Total Cost:3.45%
Difference:
₱11,300 PHP less than using XE
Time:
Rate Fetched: Fri Oct 18 2019 17:04:01 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→PHP
From Amount (USD)U$10,000
Fee:18
Exchange Rate:48.48 (5.36% from mid-rate)
To Amount (PHP)483,927
Total Cost:5.53%
Difference:
₱21,973 PHP less than using XE
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer USD→PHP
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:48.43 (5.46% from mid-rate)
To Amount (PHP)483,574
Total Cost:5.6%
Difference:
₱22,326 PHP less than using XE
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→PHP
From Amount (USD)U$10,000
Fee:15
Exchange Rate:48.13 (6.04% from mid-rate)
To Amount (PHP)480,614
Total Cost:6.18%
Difference:
₱25,286 PHP less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logo

Bank of America: Foreign Transfer USD→PHP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:48.23 (5.85% from mid-rate)
To Amount (PHP)477,477
Total Cost:6.79%
Difference:
₱28,423 PHP less than using XE
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logo

U.S. Bank: Foreign Transfer USD→PHP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:48.23 (5.85% from mid-rate)
To Amount (PHP)477,477
Total Cost:6.79%
Difference:
₱28,423 PHP less than using XE
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 10/18/2019 - See full table

Example 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 ProvidersAmount PHP(₱)Exchange RateFee USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
47,950
Compare
47.9506.4%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
47,471
₱479 less
47.95U$107.33%
Wells Fargo Bank logo
46,991
₱959 less
47.95U$208.27%
Travelex Online US logo
44,407
₱3,543 less
44.4070^13.31%
 

U.S. Bank logo

U.S. Bank: Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:0
Exchange Rate:47.95 (6.39% from mid-rate)
To Amount (PHP)47,950
Total Cost:6.4%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:44.82 (12.5% from mid-rate)
To Amount (PHP)47,471
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:47.95 (6.39% from mid-rate)
To Amount (PHP)46,991
Total Cost:8.27%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online US logo

Travelex Online US: Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:44.407 (13.31% from mid-rate)
To Amount (PHP)44,407
Total Cost:13.31%
Time:
Rate Fetched: Fri Oct 18 2019 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 10/18/2019 - See full table

USD / PHP converter & margin calculator

U$USD
₱PHP
mid-rates

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

Foreign Transfers Travel Money

Foreign Transfers Travel Money

United States Dollar

Philippine Peso

1 USD 51.30 PHP
5 USD 256.50 PHP
10 USD 513.00 PHP
20 USD 1,026.00 PHP
50 USD 2,565.00 PHP
100 USD 5,130.00 PHP
250 USD 12,825.00 PHP
500 USD 25,650.00 PHP
1,000 USD 51,300.00 PHP
2,000 USD 102,600.00 PHP
5,000 USD 256,500.00 PHP
10,000 USD 513,000.00 PHP
50,000 USD 2,565,000.00 PHP
100,000 USD 5,130,000.00 PHP
See more

United States Dollar

Philippine Peso

0.0195 USD 1 PHP
0.0975 USD 5 PHP
0.1949 USD 10 PHP
0.3899 USD 20 PHP
0.9747 USD 50 PHP
1.9494 USD 100 PHP
4.8735 USD 250 PHP
9.7470 USD 500 PHP
19.49 USD 1,000 PHP
38.99 USD 2,000 PHP
97.47 USD 5,000 PHP
194.94 USD 10,000 PHP
974.70 USD 50,000 PHP
1,949.40 USD 100,000 PHP
See more
Country Guides (USD & PHP)
United StatesUnited States (USD)PhilippinesPhilippines (PHP)East TimorEast Timor (USD)
EcuadorEcuador (USD)El SalvadorEl Salvador (USD)British Virgin IslandsBritish Virgin Islands (USD)
US Virgin IslandsUS Virgin Islands (USD)Caribbean NetherlandsCaribbean Netherlands (USD)Turks And Caicos IslandsTurks And Caicos Islands (USD)
ZimbabweZimbabwe (USD)

USD/PHP - Historical Trends

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

PeriodChange*USD/PHPDate
1 Day-0.1%51.345117 Oct 2019
7 Day-0.6%51.611611 Oct 2019
30 Day-1.7%52.200218 Sep 2019
3 Month+0.4%51.100020 Jul 2019
1 Year-5.3%54.159418 Oct 2018
5 Year+14.4%44.845619 Oct 2014
10 Year+9.9%46.660020 Oct 2009

*For period to 18-Oct 21UTC when USD/PHP was 51.2978

You can use our USD interactive charts to check USDPHP historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

USD and PHP in the Markets

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.

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

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.

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

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the USD / PHP was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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 USD Exchange Rates