Best USD to PHP Exchange Rates - Compare & Save

In this US dollar to Philippine peso guide:

1 USD = PHP

USD to PHP at 55.09 is 4.1% above its 90-day average 52.9 with range 51.33-55.10.

05-JUL 2AM-NY 7AM-LON 2PM-HK 4PM-SYD

Sell USD → Buy PHP

Track Rate

90-DAY▲HIGH

The Philippine peso has dropped 10 percent against the US dollar as the war in Ukraine causes a flight to safety.

PHP Outlook

Date	USD/PHP	Change	Period
20 Jun 2022	54.11	1.7% ▲	2 Week
05 Apr 2022	51.48	6.9% ▲	3 Month
04 Jul 2021	49.15	12% ▲	1 Year
05 Jul 2017	50.59	8.8% ▲	5 Year
06 Jul 2012	41.86	31.5% ▲	10 Year
09 Jul 2002	50.20	9.6% ▲	20 Year

USD/PHP change over periods to 04-Jul-2022

USD to PHP - Compare & Save

The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

Compare Transfer Rates : Send $10,000 USD → Receive PHP

Provider	Receive PHP	USD/PHP Rate	Cost
OFX Trusted brand in Foreign Exchange. Online & Phone. Helpful Dealers & support. Lock in an Exchange Rate with Spot & Forward Deals. See more	10,000 USD = 545,400 PHP Up to 32,000 PHP more 1% See more	54.54	1%	Visit OFX Best Value No fees on all your OFX transfers
WorldRemit Online Bank Transfers or Cash Pickup - e-Wallet payments. Large number of currencies. See more	10,000 USD = 542,983 PHP Get ₱2,417 less 1.44% See more	54.32	1.44%	Visit WorldRemitCompare Rate
HSBC HSBC's profit margin is generally 2.5%-7% depending on currencies and amounts. See more	10,000 USD = 536,126 PHP Get ₱9,274 less 2.69% See more	53.72	2.69%	Compare Rate
TD Bank TD's profit margin is generally 4 - 8% depending on currencies and amounts. See more	10,000 USD = 531,628 PHP Get ₱13,772 less 3.5% See more	53.28	3.5%	Compare Rate
Paypal The cost of sending money with PayPal is a fixed percentage (between 4 to 7 percent) of the amount being sent. See more	10,000 USD = 527,800 PHP Get ₱17,600 less 4.2% See more	52.78	4.2%	Compare Rate
SHOW ALL	10,000 USD = 520,842 PHP Get ₱24,558 less 5.46%	52.22	5.46%	Average Bank Rate
Chase Bank Chase Bank's FX wire margin is generally 3.5% - 8.0% depending on currencies and amounts. See more	10,000 USD = 520,800 PHP Get ₱24,600 less 5.47% See more	52.08	5.47%	Compare Rate
Wells Fargo Bank Wells Fargo's FX wire margin is generally 3.0% - 8.0% depending on currencies and amounts. See more	10,000 USD = 520,362 PHP Get ₱25,038 less 5.55% See more	52.13	5.55%	Compare Rate
Bank of America Bank of America's FX wire margin is generally 4.0% - 8.0% depending on currencies and amounts. See more	10,000 USD = 517,642 PHP Get ₱27,758 less 6.04% See more	51.92	6.04%	Compare Rate
U.S. Bank U.S. Bank's FX wire margin is generally 4.0% - 8.0% depending on currencies and amounts. See more	10,000 USD = 517,144 PHP Get ₱28,256 less 6.13% See more	51.87	6.13%	Compare Rate
Citibank Citibank's profit margin is generally 3 - 7% depending on currencies and amounts. See more	10,000 USD = 515,381 PHP Get ₱30,019 less 6.45% See more	51.6	6.45%	Compare Rate
Deutsche Bank Deutsche Bank's profit margin is generally 3 - 7% depending on currencies and amounts. See more	10,000 USD = 515,097 PHP Get ₱30,303 less 6.5% See more	52.03	6.5%	Compare Rate
CIBC CIBC's profit margin is generally 4 - 8% depending on currencies and amounts. See more	10,000 USD = 513,400 PHP Get ₱32,000 less 6.81% See more	51.34	6.81%	Compare Rate
Xoom Xoom offers a fast way to send money, reload phones, and pay bills around the world. Xoom is owned by PayPal. See more	Amount above recommended Xoom maximum - 2,999 USD 4.31% See more	Compare Rate
Wise Great rates for Transfers and Multi-currency Card. Get local accounts in 10 currencies. See more	Amount above recommended Wise maximum - 5,000 USD 1.34% See more	Visit WiseCompare Rate

Cost % is Provider Rate Margin vs Mid-rate + Fees

USD/PHP=55.0935

90-DAY▲HIGH

My Rates

Transfers - United States to Philippines

USD to PHP - Travel & Spend

USD/PHP Mid-rate Calculator

* This table compares FX rates & fees of selected FX specialists and banks for USD to PHP International Money Transfers. Providers must be well established, reputable and regulated in the US as licensed money transmitters. We DO NOT compare every provider in the market. We may receive referral fees if you choose one of these providers however this will not affect the savings, exchange rates or fees you are charged by the provider.

Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest USD to PHP Exchange Rate (shown above) or a transaction fee and often both!

Country Guides - US dollar & Philippine peso

United States (USD)

Philippines (PHP)

How to get a good USD to PHP Exchange Rate

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

Generally speaking, if you are buying Philippine peso with US dollar, then it's good for the USD/PHP exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Philippines.

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.

Manage My Rates

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 can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.

Related exchange rates

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Provider	OFX
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱545,400
Exchange Rate	1USD = 54.54 PHP
Rate Margin	1%
Other Fees	$0
Total Cost (Rate Margin + Fees)	1%
Transfer Speed	1-2 days
Rate Retrieved	06:04 Local - BER

Provider	WorldRemit
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱542,983
Exchange Rate	1USD = 54.32 PHP
Rate Margin	1.4%
Other Fees	$3.99
Total Cost (Rate Margin + Fees)	1.44%
Difference	Get ₱2,417 PHP less than withOFX
Transfer Speed	1-2 days
Rate Retrieved	06:04 Local - BER

Provider	HSBC
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱536,126
Exchange Rate	1USD = 53.72 PHP
Rate Margin	2.49%
Other Fees	$20
Total Cost (Rate Margin + Fees)	2.69%
Difference	Get ₱9,274 PHP less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:04 Local - BER

Provider	TD Bank
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱531,628
Exchange Rate	1USD = 53.28 PHP
Rate Margin	3.29%
Other Fees	$22
Total Cost (Rate Margin + Fees)	3.5%
Difference	Get ₱13,772 PHP less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	2022-07-05T06:00:04+0000

Provider	Paypal
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱527,800
Exchange Rate	1USD = 52.78 PHP
Rate Margin	4.2%
Other Fees	$0
Total Cost (Rate Margin + Fees)	4.2%
Difference	Get ₱17,600 PHP less than withOFX
Transfer Speed	1-2 days
BER Rating	2/5.0
Rate Retrieved	06:04 Local - BER

Provider	Comparison Rate
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱520,842
Exchange Rate	1USD = 52.67 PHP
Rate Margin	4.4%
Total Cost (Rate Margin + Fees)	5.46%
Difference	Get ₱24,558 PHP less than withOFX

Provider	Chase Bank
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱520,800
Exchange Rate	1USD = 52.08 PHP
Rate Margin	5.47%
Other Fees	$0
Total Cost (Rate Margin + Fees)	5.47%
Difference	Get ₱24,600 PHP less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:04 Local - BER

Provider	Wells Fargo Bank
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱520,362
Exchange Rate	1USD = 52.13 PHP
Rate Margin	5.38%
Other Fees	$18
Total Cost (Rate Margin + Fees)	5.55%
Difference	Get ₱25,038 PHP less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:04 Local - BER

Provider	Bank of America
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱517,642
Exchange Rate	1USD = 51.92 PHP
Rate Margin	5.76%
Other Fees	$30
Total Cost (Rate Margin + Fees)	6.04%
Difference	Get ₱27,758 PHP less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:04 Local - BER

Provider	U.S. Bank
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱517,144
Exchange Rate	1USD = 51.87 PHP
Rate Margin	5.85%
Other Fees	$30
Total Cost (Rate Margin + Fees)	6.13%
Difference	Get ₱28,256 PHP less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:04 Local - BER

Provider	Citibank
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱515,381
Exchange Rate	1USD = 51.60 PHP
Rate Margin	6.34%
Other Fees	$12
Total Cost (Rate Margin + Fees)	6.45%
Difference	Get ₱30,019 PHP less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:04 Local - BER

Provider	Deutsche Bank
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱515,097
Exchange Rate	1USD = 52.03 PHP
Rate Margin	5.56%
Other Fees	$100.00 USD (1%)
Total Cost (Rate Margin + Fees)	6.5%
Difference	Get ₱30,303 PHP less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:04 Local - BER

Provider	CIBC
FX Type	Foreign Transfer USD→PHP
From Amount (USD)	$10,000
To Amount (PHP)	₱513,400
Exchange Rate	1USD = 51.34 PHP
Rate Margin	6.81%
Other Fees	$0
Total Cost (Rate Margin + Fees)	6.81%
Difference	Get ₱32,000 PHP less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:04 Local - BER

Provider	Xoom
FX Type	Foreign Transfer USD→PHP
MIN/MAX:	Amount above recommended Xoom maximum - 2,999 USD
Exchange Rate	1USD = 52.72 PHP
Rate Margin	4.31%
Total Cost (Rate Margin + Fees)	4.31%
Transfer Speed	1-2 days
BER Rating	4.2/5.0
Rate Retrieved	06:04 Local - BER

Provider	Wise
FX Type	Foreign Transfer USD→PHP
MIN/MAX:	Amount above recommended Wise maximum - 5,000 USD
Exchange Rate	1USD = 54.74 PHP
Rate Margin	0.64%
Total Cost (Rate Margin + Fees)	1.34%
Transfer Speed	1-2 days
Rate Retrieved	06:04 Local - BER

USD to PHP Exchange Rates

USD to PHP - Compare & Save

Multi-Vendor Quote

Country Guides - US dollar & Philippine peso

How to get a good USD to PHP Exchange Rate

Reduce Excessive costs and fees

Will the US dollar rise against the Philippine peso?

Related exchange rates