USD to PHP Exchange Rates & Currency Deals

   

USD to PHP remains stable at 57.17, just above the 3-month average. Despite rising inflation, Fed rate cuts loom, creating selling pressure on the dollar. Mixed influences on PHP, with bullish sentiment as rate cuts may bolster its position—critical for intl transactions ahead

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What is the best Send Money conversion rate for USD to PHP?

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?

The next best is XE at 56.83, -0.59% from the mid-rate.

Then Wise at 56.8, which is -0.65% from the mid-rate.

The Western Union rate is 56.6 which is -1% from the mid-rate.

Among the banks the Chase Bank rate is 51.65 at -9.7% the Wells Fargo Bank rate is 51.3 at -10.3% and the Citibank rate is 53.93 at -5.7% compared to the mid-rate 57.17.

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.

 

Compare USD to PHP Transfer Rates