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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 for USD/PHP International Money Transfers. Costs are calculated against the amount when USD is converted to PHP at mid-rate.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer Providers
Ratings & Reviews
Receive PHP(₱)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
TransferWise logo
514,065 PHP
Best Overall
51.67$510.61%Bank Transfers - Online, Foreign Currency Accounts1-2 days
 
OFX logo
501,000 PHP
13,065 PHP
50.10^3.14%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
490,615 PHP
23,450 PHP
49.15185.15%Online, Branch, Bank Transfers2-3 days
HSBC logo
490,264 PHP
23,801 PHP
49.1$155.21%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
487,275 PHP
26,790 PHP
49.01155.79%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
484,110 PHP
29,955 PHP
48.9$1006.4%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
484,110 PHP
29,955 PHP
48.9$1006.4%Online, Branch, Bank Transfers2-3 days
TransferWise: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:51.67 (0.1% from mid-rate)
PHP amount:514,065 PHP
Total Cost:0.61%
Time:0:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:50.1 (3.14% from mid-rate)
PHP amount:501,000 PHP
Total Cost:3.14%
Difference:
13,065 PHP less than using TransferWise
Time:
Rate Fetched: Thu Apr 18 2019 22:03:58 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 logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:18
Exchange Rate:49.15 (4.98% from mid-rate)
PHP amount:490,615 PHP
Total Cost:5.15%
Difference:
23,450 PHP less than using TransferWise
Time:0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:49.1 (5.07% from mid-rate)
PHP amount:490,264 PHP
Total Cost:5.21%
Difference:
23,801 PHP less than using TransferWise
Time:0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:15
Exchange Rate:48.8 (5.65% from mid-rate)
PHP amount:487,275 PHP
Total Cost:5.79%
Difference:
26,790 PHP less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:48.9 (5.46% from mid-rate)
PHP amount:484,110 PHP
Total Cost:6.4%
Difference:
29,955 PHP less than using TransferWise
Time:0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:48.9 (5.46% from mid-rate)
PHP amount:484,110 PHP
Total Cost:6.4%
Difference:
29,955 PHP less than using TransferWise
Time:0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

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.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Travel Money Providers
Ratings & Reviews
Amount PHP(₱)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
48,420 PHP
Compare
48.4206.39%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
47,936 PHP
484 PHP
48.42$107.32%Branch-
Wells Fargo Bank logo
47,452 PHP
968 PHP
48.42$208.26%Branch-
 
Travelex Online US logo
44,829 PHP
3,591 PHP
44.82910^13.33%Online order, Branch pickup, Home delivery2-3 days
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→PHP
USD amount:$1,000 USD
Fee:0
Exchange Rate:48.42 (6.39% from mid-rate)
PHP amount:48,420 PHP
Total Cost:6.39%
Time:0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→PHP
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:45.26 (12.5% from mid-rate)
PHP amount:47,936 PHP
Total Cost:7.32%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→PHP
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:48.42 (6.39% from mid-rate)
PHP amount:47,452 PHP
Total Cost:8.26%
Time:0:01 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:44.8291 (13.33% from mid-rate)
PHP amount:44,829 PHP
Total Cost:13.33%
Time:
Rate Fetched: Thu Apr 18 2019 22:15:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

USD to PHP interbank exchange rate = 51.713

Right now the USD/PHP interbank exchange rate is 51.713. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Philippine Peso to United States Dollar.

This USD/PHP Converter calculates equivalent United States Dollar to Philippine Peso amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

USD / PHP converter & margin calculator


$USD
₱PHP
Mid-rates:
 

Foreign Transfers Travel Money

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

Foreign Transfers Travel Money

1 Week USD to PHP
Loading USD/PHP rates

United States Dollar

Philippine Peso

1 USD 51.71 PHP
5 USD 258.57 PHP
10 USD 517.13 PHP
20 USD 1,034.26 PHP
50 USD 2,585.65 PHP
100 USD 5,171.30 PHP
250 USD 12,928.25 PHP
500 USD 25,856.50 PHP
1,000 USD 51,713.00 PHP
2,000 USD 103,426.00 PHP
5,000 USD 258,565.00 PHP
10,000 USD 517,130.00 PHP
50,000 USD 2,585,650.00 PHP
100,000 USD 5,171,300.00 PHP
See more

United States Dollar

Philippine Peso

0.0193 USD 1 PHP
0.0967 USD 5 PHP
0.1934 USD 10 PHP
0.3867 USD 20 PHP
0.9669 USD 50 PHP
1.9337 USD 100 PHP
4.8343 USD 250 PHP
9.6685 USD 500 PHP
19.34 USD 1,000 PHP
38.67 USD 2,000 PHP
96.69 USD 5,000 PHP
193.37 USD 10,000 PHP
966.85 USD 50,000 PHP
1,933.70 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
18 Apr 201951.6850Latest
11 Apr 201951.98991 Week-0.59%
19 Mar 201952.82201 Month-2.15%
20 Oct 201853.64386 Months-3.65%
18 Apr 201852.01561 Year-0.64%
18 Apr 201749.68942 Years+4.02%
19 Apr 201444.37755 Years+16.47%
20 Apr 200948.088810 Years+7.48%

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

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Philippine Peso (PHP) - Market news and forecasts

The peso suffered one of its sharpest falls in recent years on March-12 when it weakened by 93 centavos against the dollar (an amount nearly four times the peso’s average daily range) to 53.05. This ended a good run for the peso, which appreciated away from record lows (54.43) in four of the five months between October and February.

The mid-march weakness was driven by significant developments in Philippine monetary policy. The country’s central bank governor suggested there could be significant policy easing this year in the form of policy rate cuts and cuts to the amount of cash that banks must hold in reserve.

The developments appeared to vindicate those analysts polled by Bloomberg in January, who collectively predicted that the peso would struggle in 2019.

An ING analyst said in March that the central bank would be comfortable with the peso between 52 and 55 per dollar, beyond which there may be market intervention. ING is forecasting the peso at 54.04 at year-end.