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 Transfers - Best vs Banks
| Foreign Transfer Providers Ratings & Reviews | Receive PHP(₱) | Exchange Rate | Fee USD | Total Cost | Transfer Services | Transfer Speed | Deal Links |
|---|---|---|---|---|---|---|---|
  OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More▾ | 506,300 PHP Best Overall | 50.63 | 0^ | 2.93% | Bank Transfers - Online & Phone | 1-2 days | |
 Excellent rates and platform. Get local 'Borderless' accounts in GBP, EUR, USD, AUD, & NZD. More▾ | 518,940 PHP 12,640 PHP more | 52.16 | $51 | 0.5% | Bank Transfers - Online | 1-2 days | |
Banks - Average Rate     Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 492,445 PHP 13,855 PHP less | 49.53 | 15 | 5.58% | Online, Branch, Bank Transfers | 2-3 days |
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 - Best vs Banks
| Travel Money Providers Ratings & Reviews | Amount PHP(₱) | Exchange Rate | Fee USD | Total Cost | Currency Services | Delivery/Collect | Deal Links |
|---|---|---|---|---|---|---|---|
Banks - Average Rate Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 48,827 PHP 6 PHP less | 49.33 | $10 | 6.39% | Branch | - | |
 Get great travel money rates from Travelex when you order online. More▾ | 46,215 PHP 2,618 PHP less | 46.2146 | 0^ | 11.39% | Online order, Branch pickup, Home delivery | 2-3 days |
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
52.146 Philippine Peso
Compare how much you can save on
USD/PHP exchange rates for:
United States Dollar |
Philippine Peso |
|---|---|
| 10 USD | 521.46 PHP |
| 100 USD | 5,214.60 PHP |
| 1,000 USD | 52,146.00 PHP |
| 2,000 USD | 104,292.00 PHP |
| 10,000 USD | 521,460.00 PHP |
| See more | |
United States Dollar |
Philippine Peso |
|---|---|
| 0.1918 USD | 10 PHP |
| 1.9177 USD | 100 PHP |
| 19.18 USD | 1,000 PHP |
| 38.35 USD | 2,000 PHP |
| 191.77 USD | 10,000 PHP |
| See more | |
| PHP Country Guides |
|---|
 Philippines |
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.
| Date | Exchange Rate | Period | Change |
|---|---|---|---|
| 21 Feb 2019 | 52.2038 | Latest | |
| 14 Feb 2019 | 52.2726 | 1 Week | -0.13% |
| 22 Jan 2019 | 52.7997 | 1 Month | -1.13% |
| 25 Aug 2018 | 53.3291 | 6 Months | -2.11% |
| 21 Feb 2018 | 52.1075 | 1 Year | +0.18% |
| 21 Feb 2017 | 50.2685 | 2 Years | +3.85% |
| 22 Feb 2014 | 44.5833 | 5 Years | +17.09% |
| 23 Feb 2009 | 48.0221 | 10 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
- 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.
- 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. - 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.
