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USD to PHP - Exchange Rate Overview

US Dollar to Philippine Peso exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

U$1,000 USD
=
₱49,903 PHP

*Converted at interbank exchange rate, scroll down to compare foreign transfer and spend/travel exchange rates.


 

Latest interbank exchange rate:

1 USD = 49.90 PHP

Sell USD / Buy PHP 

 
USD to PHP 90-day trend
ALERT:1-DAY0.6% |
USD/PHP at 49.9 was trading 1.6% below AVG:50.71 with LO:49.87 and HI:51.73 (90 days). ALERT: Today USD/PHP is DOWN 0.6%

Convert USD to PHP More Charts


US Dollar to Philippine Peso - Quick Conversions

USD PHP
U$ 1 49.90
U$ 5 249.50
U$ 10 499.00
U$ 20 998.00
U$ 50 2,495
U$ 100 4,990
U$ 250 12,475
U$ 500 24,950
U$ 1,000 49,900
U$ 2,000 99,800
U$ 5,000 249,500
U$ 10,000 499,000
U$ 50,000 2,495,000
U$ 100,000 4,990,000
More amounts
USD PHP
U$ 0.0200 ₱ 1
U$ 0.1002 ₱ 5
U$ 0.2004 ₱ 10
U$ 0.4008 ₱ 20
U$ 1.0020 ₱ 50
U$ 2.0039 ₱ 100
U$ 5.0098 ₱ 250
U$ 10.02 ₱ 500
U$ 20.04 ₱ 1,000
U$ 40.08 ₱ 2,000
U$ 100.20 ₱ 5,000
U$ 200.39 ₱ 10,000
U$ 1,002 ₱ 50,000
U$ 2,004 ₱ 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
XE logo
49,210
1.5%
Best Overall
49.210
OFX logo
48,020
3.88%
₱1,190 less
48.020^
HSBC logo
47,089
5.74%
₱2,121 less
47.16U$1.50
U.S. Bank International Money Transfers
U.S. Bank logo
46,960
6%
₱2,250 less
46.960
Wells Fargo Bank logo
46,266
7.39%
₱2,944 less
47.21U$20
Bank of America International Money Transfers
Bank of America logo
46,256
7.41%
₱2,954 less
46.96U$15
Banks - Average Rate
U.S. Bank logo Bank of America logo HSBC logo Wells Fargo Bank logo
46,643
6.63%
₱2,567 less
47.0715
 
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XE: Foreign Transfer USD→PHP
From Amount (USD)U$1,000
Fee:
Exchange Rate:49.21 (1.5% from mid-rate)
To Amount (PHP)49,210
Total Cost:1.5%
Time:17:30 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
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OFX: Foreign Transfer USD→PHP
From Amount (USD)U$1,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:48.02 (3.88% from mid-rate)
To Amount (PHP)48,020
Total Cost:3.88%
Difference:
₱1,190 PHP less than using XE
Time:
Rate Fetched: Thu Jun 04 2020 17:04:02 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
HSBC logo
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HSBC: Foreign Transfer USD→PHP
From Amount (USD)U$1,000
Fee:U$1.50 USD (.15%)
Exchange Rate:47.16 (5.6% from mid-rate)
To Amount (PHP)47,089
Total Cost:5.74%
Difference:
₱2,121 PHP less than using XE
Time:17:30 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
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U.S. Bank: Foreign Transfer USD→PHP
From Amount (USD)U$1,000
Fee:0
Exchange Rate:46.96 (6% from mid-rate)
To Amount (PHP)46,960
Total Cost:6%
Difference:
₱2,250 PHP less than using XE
Time:17:30 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Wells Fargo Bank logo
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Wells Fargo Bank: Foreign Transfer USD→PHP
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:47.21 (5.5% from mid-rate)
To Amount (PHP)46,266
Total Cost:7.39%
Difference:
₱2,944 PHP less than using XE
Time:17:30 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of America logo
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Bank of America: Foreign Transfer USD→PHP
From Amount (USD)U$1,000
Fee:U$15 USD (Minimum fee)
Exchange Rate:46.96 (6% from mid-rate)
To Amount (PHP)46,256
Total Cost:7.41%
Difference:
₱2,954 PHP less than using XE
Time:17:30 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
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Foreign Transfer USD→PHP
From Amount (USD)U$1,000
Fee:15
Exchange Rate:46.87 (6.18% from mid-rate)
To Amount (PHP)46,643
Total Cost:6.63%
Difference:
₱2,567 PHP less than using XE
Transfer Speed:
Services:
 
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Snapshot 06/04/2020 - View live rates
 

The below comparison table displays the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

 

USD to PHP - Travel Money & Cards

Provider Amount PHP(₱) Exchange RateFee USDDeal Links
49,461
0.99%
Best Overall
49.71U$5.00
U.S. Bank Foreign Cash
U.S. Bank logo
46,760
6.4%
₱2,701 less
46.760
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
46,293
7.33%
₱3,168 less
46.7615
Wells Fargo Bank logo
45,825
8.27%
₱3,636 less
46.76U$20
Travelex Online logo
43,253
13.42%
₱6,208 less
43.25330^
 
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TransferWise: Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:U$5.00 USD (0.5% + U$1)
Exchange Rate:49.71 (-0.49% from mid-rate)
To Amount (PHP)49,461
Total Cost:0.99%
Time:17:30 Local
Currency Services:Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:5-7 days
Rating:
 
: 4.6/5.0
Reviews:
 
U.S. Bank logo
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U.S. Bank: Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:0
Exchange Rate:46.76 (-6.4% from mid-rate)
To Amount (PHP)46,760
Total Cost:6.4%
Time:17:30 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
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Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:15
Exchange Rate:43.71 (-12.5% from mid-rate)
To Amount (PHP)46,293
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
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Wells Fargo Bank: Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:46.76 (-6.4% from mid-rate)
To Amount (PHP)45,825
Total Cost:8.27%
Time:17:30 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
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Travelex Online: Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:43.2533 (-13.42% from mid-rate)
To Amount (PHP)43,253
Total Cost:13.42%
Time:
Rate Fetched: Thu Jun 04 2020 17:30:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
loading
Snapshot 06/04/2020 - View live rates
 
 

Philippine Peso (PHP) Country Guides

PhilippinesPhilippines (PHP)

US Dollar and Philippine Peso Forecasts

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)

In early May the continuing coronavirus pandemic and an associated possible re-escalation in the US-China trade tensions has moved the market into safer currencies such as the USD and JPY.

Goldman Sachs and RBC Capital forecast a large drop for US dollar against Japanese Yen to continue with a USD/JPY rate of 95 in the near future.

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

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 over periods upto 10 years.

USD/PHPPeriod to 03-JunDateRate
1.6% ▼1 Week27 May 202050.6787
1.5% ▼30 Days04 May 202050.6388
1.4% ▼90 Days05 Mar 202050.5900
3.7% ▼1 Year04 Jun 201951.7799
10.9% ▲5 Years05 Jun 201544.9650
7.2% ▲10 Years06 Jun 201046.5110
USD/PHP 10 year rates & changes to 03-Jun-2020 (49.8754)
 

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.

Foreign Transfers Travel Money

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