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USD to PHP - Exchange Rates

US 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.

Foreign Exchange margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 USD = 50.41 PHP

   Sell USD / Buy PHP  Switch

USD to PHP 90-Day Trend
ALERT:14-DAY LOWS 🔔 |
USD/PHP at 50.43 was trading 0.8% below AVG:50.83 with LO:50.24 and HI:51.73 (90 days). ALERT: USD/PHP dropped to 14-DAY LOWS.
10-APR 9AM-NY 2PM-LON 9PM-HK 11PM-SYD

Convert USD to PHP More Charts


Quick Conversions from US Dollar to Philippine Peso

USD PHP
U$ 1 50.41
U$ 5 252.05
U$ 10 504.10
U$ 20 1,008
U$ 50 2,521
U$ 100 5,041
U$ 250 12,603
U$ 500 25,205
U$ 1,000 50,410
U$ 2,000 100,820
U$ 5,000 252,050
U$ 10,000 504,100
U$ 50,000 2,520,500
U$ 100,000 5,041,000
More amounts
USD PHP
U$ 0.0198 ₱ 1
U$ 0.0992 ₱ 5
U$ 0.1984 ₱ 10
U$ 0.3968 ₱ 20
U$ 0.9920 ₱ 50
U$ 1.9839 ₱ 100
U$ 4.9598 ₱ 250
U$ 9.9195 ₱ 500
U$ 19.84 ₱ 1,000
U$ 39.68 ₱ 2,000
U$ 99.20 ₱ 5,000
U$ 198.39 ₱ 10,000
U$ 991.95 ₱ 50,000
U$ 1,984 ₱ 100,000
More amounts

To calculate your own USD/PHP amounts use our Convert USD to PHP quick calculator.


Comparing Foreign Exchange Providers

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, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 Provider Receive PHP(₱) Exchange RateFee USDDeal Links
OFX logo
484,900
3.86%
Best Overall
48.490^
XE logo
498,100
1.25%
₱13,200 more
49.810
Wells Fargo Bank logo
474,345
5.96%
₱10,555 less
47.5218
HSBC logo
473,988
6.03%
₱10,912 less
47.47U$15
Banks - Average Rate
U.S. Bank logo Bank of America logo HSBC logo Wells Fargo Bank logo
471,119
6.6%
₱13,781 less
47.3915
U.S. Bank International Money Transfers
U.S. Bank logo
468,072
7.2%
₱16,828 less
47.28U$100
Bank of America International Money Transfers
Bank of America logo
468,072
7.2%
₱16,828 less
47.28U$100
 
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:48.49 (3.86% from mid-rate)
To Amount (PHP)484,900
Total Cost:3.86%
Time:
Rate Fetched: Fri Apr 10 2020 05:04:02 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE: Foreign Transfer USD→PHP
From Amount (USD)U$10,000
Fee:
Exchange Rate:49.81 (1.25% from mid-rate)
To Amount (PHP)498,100
Total Cost:1.25%
Difference:
₱13,200 PHP more than using OFX
Time:6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→PHP
From Amount (USD)U$10,000
Fee:18
Exchange Rate:47.52 (5.79% from mid-rate)
To Amount (PHP)474,345
Total Cost:5.96%
Difference:
₱10,555 PHP less than using OFX
Time:6:03 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:47.47 (5.89% from mid-rate)
To Amount (PHP)473,988
Total Cost:6.03%
Difference:
₱10,912 PHP less than using OFX
Time:6:03 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:47.18 (6.46% from mid-rate)
To Amount (PHP)471,119
Total Cost:6.6%
Difference:
₱13,781 PHP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→PHP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:47.28 (6.26% from mid-rate)
To Amount (PHP)468,072
Total Cost:7.2%
Difference:
₱16,828 PHP less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of America logo
Bank of America: Foreign Transfer USD→PHP
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:47.28 (6.26% from mid-rate)
To Amount (PHP)468,072
Total Cost:7.2%
Difference:
₱16,828 PHP less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 04/10/2020 - View latest rates
 

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 Provider Amount PHP(₱) Exchange RateFee USDDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
47,210
6.4%
Compare
47.210
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
46,738
7.34%
₱472 less
47.21U$10
Wells Fargo Bank logo
46,266
8.27%
₱944 less
47.21U$20
Travelex Online US logo
43,799
13.16%
₱3,411 less
43.79940^
 
U.S. Bank logo
U.S. Bank: Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:0
Exchange Rate:47.21 (6.4% from mid-rate)
To Amount (PHP)47,210
Total Cost:6.4%
Time:6:03 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:44.13 (12.51% from mid-rate)
To Amount (PHP)46,738
Total Cost:7.34%
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:47.21 (6.4% from mid-rate)
To Amount (PHP)46,266
Total Cost:8.27%
Time:6:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Travelex Online US: Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:43.7994 (13.16% from mid-rate)
To Amount (PHP)43,799
Total Cost:13.16%
Time:
Rate Fetched: Fri Apr 10 2020 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 04/10/2020 - View latest rates
 

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 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.

US Dollar (USD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war 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.


How to get Best USD to PHP Exchange Rates

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 a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the USD to PHP exchange rate to the present day for periods going back upto 10 years.

PeriodChange*USD/PHPDate
1 Day-0.2%50.556608 Apr 2020
7 Day-0.5%50.754102 Apr 2020
30 Day0%50.500310 Mar 2020
3 Month-0.1%50.526510 Jan 2020
1 Year-2.7%51.869910 Apr 2019
5 Year+13.3%44.542811 Apr 2015
10 Year+12.8%44.740912 Apr 2010

*For period to 09-Apr 21UTC when USD/PHP was 50.4807

When is the best time to exchange USD to PHP?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts

We help you Save Money on Exchange Rates.

 

View all USD Exchange Rates