Best USD to PHP Exchange Rates - Compare & Save

In this US dollar to peso (USD/PHP) rate guide:

Rate Calculator - US dollar to Philippine peso

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Philippine peso (PHP) rates from different sources before making a conversion.

This exchange rate calculator makes it easy to compare the Total Cost you are being charged on US dollar to peso currency rates and the possible savings of using various providers.

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USD to PHP Market Data

US dollar (USD) to Philippine peso (PHP) market data - latest interbank mid-rate, trend, chart & historic rates.

1 USD = PHP

USD to PHP at 55.89 is 1.2% above its 3-month average of 55.22, having traded in a quite stable 4.1% range from 54.09 to 56.31

26-MAY 6PM-NY 11PM-LON 27-MAY 6AM-HK 8AM-SYD

Sell USD → Buy PHP

Track Rate

1 PHP = 0.017892 USD

30-DAY▲HIGH2d

Date	USD/PHP	Change	Period
12 May 2023	55.90	0% ▼	2 Week
25 Feb 2023	55.23	1.2% ▲	3 Month
26 May 2022	52.35	6.8% ▲	1 Year
27 May 2018	52.45	6.6% ▲	5 Year
28 May 2013	41.87	33.5% ▲	10 Year
31 May 2003	53.19	5.1% ▲	20 Year

USD/PHP historic rates & change to 26-May-2023

What are USD to PHP forecasts?

26 MayAccording to the FX analysts’ forecasts, the US Dollar (USD) has firmed up against the Philippine Peso (PHP) due to its safe-haven status amidst a bearish market sentiment. The US-China economic tensions have intensified after Beijing banned memory chips manufactured by a US tech company Micron. Although not as impactful as ISM releases, it is expected that tonight’s PMIs from S&P Global could dampen USD demand as economists forecast a weaker services reading while factory activity is expected to stall further. Thus, the rise in demand for USD seems to indicate that the market is looking for a safe haven amidst the current bearish market sentiment.

Read our full analysis of USD to PHP forecasts.

How to get a good USD to PHP exchange rate

There are several ways to save on exchange rates when converting US dollar to Philippine peso:

Shop around for the best USD/PHP exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
Timing is important: Keep an eye on the USD/PHP rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and PHP at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Philippine peso with US dollar, then it's better 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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 personalised BER Smart Rate Tracker 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.

Read our Currency guide to Philippines - a practical currency and money guide to travel, living and doing business in Philippines with the Philippine peso.

US dollar & Philippine peso - Country Guides

United States (USD)

Philippines (PHP)

What is the cost of living in Philippines?

The cost of living in Philippines is relatively low compared to other countries. Rent, food, and transportation are all relatively inexpensive.

How is the expat life in Philippines?

The expat life in Philippines can be quite comfortable. There is a wide variety of housing options available, from apartments to villas. Many expats live in gated communities with security guards. The cost of living is relatively low, and there are a number of good schools to choose from. English is widely spoken, which makes communication easy.

Read more at our Philippines (PHP) country guide

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