Rate direction
US dollar to Philippine peso · USD/PHP trend
Review the recent market direction, current mid-market rate and significant movement alerts.
90-day market context
USD to PHP is at 7-day lows near 61.66, just 0.5% above its 3-month average of 61.35, having traded in a very stable 2.6% range from 60.28 to 61.87
Quick USD/PHP forecast
Currency Forecasts related to USD/PHP
USD to PHP Exchange Rate Forecast & Outlook
Currently, USD/PHP is trading close to 7-day lows at 61.66, holding near the 3-month average of 61.35. The pair is supported by Federal Reserve hawkish expectations and ongoing rate hikes.
USD to PHP Conversion: What Is Your Money Worth?
View common conversion amounts at today’s mid-market rate
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
*Converted at the current USD-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the
best Send Money conversion rate for USD to PHP?
The best USD to PHP exchange rate is 61.5 from OFX . This is -0.29% compared to the mid-market rate 61.68.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Philippine peso (PHP) rates from different sources before making a conversion.
The above Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-PHP mid-rate and the possible savings of using various providers.
How do USD-PHP rates compare between providers?
Looking at the full USD to PHP - Send Money comparison table the provider with the best USD to PHP exchange rate is OFX at 61.5, -0.29% from the latest mid-market rate 61.68.
The next best is Wise at 61.44, -0.39% from the mid-rate.
Then XE at 61.31, which is -0.6% from the mid-rate.
The Western Union rate is 60.76 which is -1.5% from the mid-rate.
Among the banks the Chase Bank rate is 52.22 at -15.3% the Wells Fargo Bank rate is 51.85 at -15.9% and the Citibank rate is 54.69 at -11.3% compared to the mid-rate 61.68.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.