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Best Exchange Rates

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Compare USD to PHP foreign transfers

Use our comparison table to find the best exchange rates for Philippine Peso foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$USD
₱PHP

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive PHP(₱)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
506,300 PHP
Best Overall
50.630^2.93%Bank Transfers - Online & Phone1-2 days
 
TransferWise logo
518,940 PHP
12,640 PHP more
52.16$510.5%Bank Transfers - Online1-2 days
Wells Fargo Bank logo
495,806 PHP
10,494 PHP less
49.67184.94%Online, Branch, Bank Transfers2-3 days
HSBC logo
495,456 PHP
10,844 PHP less
49.62$155.01%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
492,445 PHP
13,855 PHP less
49.53155.58%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
489,258 PHP
17,042 PHP less
49.42$1006.19%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
489,258 PHP
17,042 PHP less
49.42$1006.19%Online, Branch, Bank Transfers2-3 days
 
Xoom logo
Your amount above the Xoom USD2999 maximum
NaN PHP less
 
WorldRemit logo
Your amount above the WorldRemit USD2000 maximum
NaN PHP less
 
OFX: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:50.63 (2.93% from mid-rate)
PHP amount:506,300 PHP
Total Cost:2.93%
Time:
Rate Fetched: Fri Feb 22 2019 10:03:58 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:52.16 (-0.01% from mid-rate)
PHP amount:518,940 PHP
Total Cost:0.5%
Difference:
12,640 PHP more than using OFX
Time:12:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:18
Exchange Rate:49.67 (4.77% from mid-rate)
PHP amount:495,806 PHP
Total Cost:4.94%
Difference:
10,494 PHP less than using OFX
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:49.62 (4.86% from mid-rate)
PHP amount:495,456 PHP
Total Cost:5.01%
Difference:
10,844 PHP less than using OFX
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:15
Exchange Rate:49.31 (5.46% from mid-rate)
PHP amount:492,445 PHP
Total Cost:5.58%
Difference:
13,855 PHP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:49.42 (5.25% from mid-rate)
PHP amount:489,258 PHP
Total Cost:6.19%
Difference:
17,042 PHP less than using OFX
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:49.42 (5.25% from mid-rate)
PHP amount:489,258 PHP
Total Cost:6.19%
Difference:
17,042 PHP less than using OFX
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Xoom: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:
Transfer Speed:
Services:
Rating:
 
: 4.2/5.0
Reviews:
WorldRemit: Foreign Transfer USD→PHP
USD amount:$10,000 USD
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019

1 USD = 52.1865 PHP

This is the current USD-PHP mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market USD-PHP exchange rate.

3 Month Chart
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Currency news and forecasts for United States Dollar and Philippine Peso

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the USD vs PHP, you should pay attention to both United States Dollar and Philippine Peso news and forecasts.

United States Dollar (USD) - Market news and forecasts

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

Philippine Peso (PHP) - Market news and forecasts

9-January-19: Since 2013, the Philippine peso has been among the world’s worst performing currencies. In the final quarter of 2018, the peso weakened to its lowest level against the US dollar since 2005, at rates in the ₱54.40s. By 2018 year-end, the peso had recovered into the mid-₱52s per USD and was down around 5 percent for the year.

Unfortunately for peso holders, the currency’s downtrend (USD/PHP’s uptrend) will likely resume in 2019, per remarks by DBS’ chief economist, who said “a very similar dynamic” of peso weakness would play out.

FX forecasters surveyed by Bloomberg in January expected the peso to be the joint second-worst performing Asian currency of 2019, with an expected loss versus the dollar of 2.5 percent. Given that the same forecasters expected a disappointing year for the dollar, it was implied that the peso would do far worse against other major currencies.

Currency News and Forecasts - United States Dollar

Japan Allows Fintech Payments Specialists to Compete with Banks
Pound at 2-Week High Ahead of May-Juncker Brexit Meeting
Euro to Strike 20-Month Low This Week; $1.12 Beckons
HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End
China’s Ant Financial Acquires WorldFirst
New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates