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USD to PHP - Exchange Rates Guide

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

 
 

USD/PHP exchange rate (wholesale):

1 USD = 49.56 PHP

Sell USD / Buy PHP 

 
USD to PHP chart and trends
90-DAY-LO 1-DAY0.6%
USD/PHP at 49.56 was trading 1.8% below AVG:50.45 with LO:49.52 and HI:51.36 (90 days). There are no current rate alerts.

US Dollar to Philippine Peso - Quick Conversions

USD PHP
U$ 1 49.56
U$ 5 247.80
U$ 10 495.60
U$ 20 991.20
U$ 50 2,478
U$ 100 4,956
U$ 250 12,390
U$ 500 24,780
U$ 1,000 49,560
U$ 2,000 99,120
U$ 5,000 247,800
U$ 10,000 495,600
U$ 50,000 2,478,000
U$ 100,000 4,956,000
More amounts
USD PHP
U$ 0.0202 ₱ 1
U$ 0.1009 ₱ 5
U$ 0.2018 ₱ 10
U$ 0.4036 ₱ 20
U$ 1.0089 ₱ 50
U$ 2.0178 ₱ 100
U$ 5.0445 ₱ 250
U$ 10.09 ₱ 500
U$ 20.18 ₱ 1,000
U$ 40.36 ₱ 2,000
U$ 100.89 ₱ 5,000
U$ 201.78 ₱ 10,000
U$ 1,009 ₱ 50,000
U$ 2,018 ₱ 100,000
More amounts

To calculate other USD/PHP amounts try our home-page Convert USD to PHP quick converter.


Comparing Retail Exchange Rates

The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
 

USD to PHP International Money Transfers

Provider ReviewReceive PHP(₱)Exchange RateFee USDDeal Links
XE
> Best Overall
48,810
1.51%
48.810
OFX
47,540
4.07%
47.540^
HSBC logo
HSBC
46,610
5.95%
₱2,200 less
46.68U$1.50
U.S. Bank logo
U.S. Bank
46,490
6.19%
₱2,320 less
46.490
Wells Fargo Bank logo
Wells Fargo Bank
45,795
7.59%
₱3,015 less
46.73U$20
Bank of America logo
Bank of America
45,793
7.6%
₱3,017 less
46.49U$15
Banks - Average Rate
U.S. Bank logo Bank of America logo HSBC logo Wells Fargo Bank logo
46,172
6.83%
₱2,638 less
46.6015
XE
 
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XE: Foreign Transfer USD→PHP
From Amount (USD)U$1,000
Fee:
Exchange Rate:48.81 (1.51% from mid-rate)
To Amount (PHP)48,810
Total Cost:1.51%
Time:9:29 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Speak to Dealers
Rating:
 
: 3.5/5.0
Review:


Compare XE Rates
OFX
 
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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:47.54 (4.07% from mid-rate)
To Amount (PHP)47,540
Total Cost:4.07%
Time:
Rate Fetched: Sat Jul 04 2020 09:04:01 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Speak to Dealers, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Review:


Compare OFX Rates
HSBC
 
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HSBC: Foreign Transfer USD→PHP
From Amount (USD)U$1,000
Fee:U$1.50 USD (.15%)
Exchange Rate:46.68 (5.81% from mid-rate)
To Amount (PHP)46,610
Total Cost:5.95%
Difference:
₱2,200 PHP less than using XE
Time:9:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Review:


Compare HSBC Rates
U.S. Bank
 
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U.S. Bank: Foreign Transfer USD→PHP
From Amount (USD)U$1,000
Fee:0
Exchange Rate:46.49 (6.19% from mid-rate)
To Amount (PHP)46,490
Total Cost:6.19%
Difference:
₱2,320 PHP less than using XE
Time:9:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Review:


Compare U.S. Bank Rates
Wells Fargo Bank
 
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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:46.73 (5.71% from mid-rate)
To Amount (PHP)45,795
Total Cost:7.59%
Difference:
₱3,015 PHP less than using XE
Time:9:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Review:


Compare Wells Fargo Bank Rates
Bank of America
 
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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:46.49 (6.19% from mid-rate)
To Amount (PHP)45,793
Total Cost:7.6%
Difference:
₱3,017 PHP less than using XE
Time:9:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Review:


Compare Bank of America Rates
Banks - Average Rate
 
loading
Foreign Transfer USD→PHP
From Amount (USD)U$1,000
Fee:15
Exchange Rate:46.40 (6.37% from mid-rate)
To Amount (PHP)46,172
Total Cost:6.83%
Difference:
₱2,638 PHP less than using XE
Transfer Speed:
Services:


 
loading
Snapshot 07/04/2020 - View live rates
 
 

USD to PHP - Travel Money & Cards

Provider ReviewAmount PHP(₱)Exchange RateFee USDDeal Links
TransferWise
> Best Overall
48,570
1.99%
49.31U$15.00
U.S. Bank logo
U.S. Bank
46,390
6.39%
₱2,180 less
46.390
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
45,926
7.33%
₱2,644 less
46.3915
Wells Fargo Bank logo
Wells Fargo Bank
45,462
8.27%
₱3,108 less
46.39U$20
Travelex Online
42,875
13.49%
42.87530^
TransferWise
 
loading
TransferWise: Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:U$15.00 USD (1.5%)
Exchange Rate:49.31 (-0.5% from mid-rate)
To Amount (PHP)48,570
Total Cost:1.99%
Time:9:29 Local
Currency Services:Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:5-7 days
Rating:
 
: 4.6/5.0
Review:


U.S. Bank
 
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U.S. Bank: Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:0
Exchange Rate:46.39 (-6.39% from mid-rate)
To Amount (PHP)46,390
Total Cost:6.39%
Time:9:29 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Review:


Banks - Average Rate
 
loading
Travel Money USD→PHP
From Amount (USD)U$1,000
Fee:15
Exchange Rate:43.36 (-12.51% from mid-rate)
To Amount (PHP)45,926
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-


Wells Fargo Bank
 
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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:46.39 (-6.39% from mid-rate)
To Amount (PHP)45,462
Total Cost:8.27%
Time:9:29 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Review:


Travelex Online
 
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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:42.8753 (-13.48% from mid-rate)
To Amount (PHP)42,875
Total Cost:13.49%
Time:
Rate Fetched: Sat Jul 04 2020 09:15:02 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Review:


 
loading
Snapshot 07/04/2020 - 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 history of USD vs PHP.

The following table looks at the change in the USD to PHP historic exchange rate over a range of periods upto 10 years.

USD/PHP historic rateChange to 03-JulPeriod
49.9891  26 Jun 20200.9% ▼1 Week
49.8778  03 Jun 20200.6% ▼30 Days
50.7441  04 Apr 20202.3% ▼90 Days
51.1104  04 Jul 20193% ▼1 Year
45.0525  05 Jul 201510% ▲5 Years
46.3967  06 Jul 20106.8% ▲10 Years
USD/PHP 10 year historic rates & changes to 03-Jul-2020 : 49.5580
 

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