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Best Send Money to Philippines USD/PHP Rates Compared Live

The best USD to PHP exchange rate is 55.95. Compare foreign transfer and currency exchange rates, find better rates & deals.

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Comparing USD-PHP send money exchange rates

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.

The above Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest USD-PHP mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : 🇺🇸💵 USD to PHP 🇵🇭 is poised for strength, trading near 55.52 amid US dollar rallies fueled by inflation spikes & robust job data. The Fed's delay in rate cuts adds momentum, with a potential 0.25% cut eyed in June. Ukrainian conflict weighs on PHP, as market dynamics spell a continued USD surge. #USDPHP #ForexUpdate

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USD to PHP Market Data

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

 
1 USD =
55.95We compare provider deals to this wholesale mid-market rate. Read more
PHP
+0.1%
📈1W
USD to PHP is at 7-day highs near 55.68, just below its 3-month average, having traded in a stable 1.9% range from 55.34 to 56.40
|
Sell USD   â†’   Buy PHP
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DateUSD/PHPChangePeriod
04 Mar 2024
56.03
0.6% â–¼2 Week
19 Dec 2023
55.72
0.1% â–¼3 Month
19 Mar 2023
54.79
1.6% â–²1 Year
20 Mar 2019
52.93
5.2% â–²5 Year
21 Mar 2014
45.24
23.1% â–²10 Year
23 Mar 2004
56.41
1.3% â–¼20 Year
USD/PHP historic rates & change to 18-Mar-2024
 

What are equivalent amounts of USD and PHP?

Here are some popular conversion amounts for USD to PHP (US dollar to Philippine peso)*.

USD PHP
$ 1 55.95
$ 5 279.75
$ 10 559.50
$ 20 1,119
$ 50 2,798
$ 100 5,595
$ 250 13,988
$ 500 27,975
$ 1,000 55,950
$ 2,000 111,900
$ 5,000 279,750
$ 10,000 559,500
$ 20,000 1,119,000
$ 50,000 2,797,500
$ 100,000 5,595,000
USD PHP
$ 0.0179 ₱ 1
$ 0.0894 ₱ 5
$ 0.1787 ₱ 10
$ 0.3575 ₱ 20
$ 0.8937 ₱ 50
$ 1.7874 ₱ 100
$ 4.4685 ₱ 250
$ 8.9370 ₱ 500
$ 17.87 ₱ 1,000
$ 35.75 ₱ 2,000
$ 89.37 ₱ 5,000
$ 178.74 ₱ 10,000
$ 357.48 ₱ 20,000
$ 893.70 ₱ 50,000
$ 1,787 ₱ 100,000

More amounts

*Converted at the current USDPHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for USD to PHP

 

Recent forecasts and market updates suggest a strengthening trend for the USD to PHP exchange rate. The US Dollar (USD) has been rallying against various currencies, driven by unexpected acceleration in inflation and positive economic data, particularly the robust US job market performance. Despite inflation pressures, the US economy remains resilient, reflected in the delay of potential rate cuts by the Federal Reserve. Analysts anticipate a rate reduction in June, supported by the recent strong economic indicators and the possibility of a 0.25% cut in borrowing costs at the upcoming June meeting.

Read our full review of recent 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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 Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

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

 
 
 

Currency Country Guides

United StatesUnited States (USD)PhilippinesPhilippines (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

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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