Comparing USD/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 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. Note the total cost will also vary on the currencies and total amount being exchanged.
Calculate other USD/PHP amounts (from or to) at mid-market with our USD to PHP Calculator .
US dollar and Philippine peso 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)
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
 Philippines (PHP) |
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 |
|---|---|---|
| 48.2398 30 Apr 2021 | 0.9% ▼ | 1 Week |
| 48.6294 07 Apr 2021 | 1.7% ▼ | 30 Days |
| 48.0295 06 Feb 2021 | 0.5% ▼ | 90 Days |
| 50.4942 07 May 2020 | 5.4% ▼ | 1 Year |
| 47.0934 08 May 2016 | 1.5% ▲ | 5 Years |
| 42.9583 10 May 2011 | 11.2% ▲ | 10 Years |
USD/PHP 10 year historic rates & change to 07-May-2021 : 47.7833
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.
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair for tracking in your watchlist we will automatically check the exchange rate for any UP▲ or DOWN▼ move over a range of periods over the recent 90 days.