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 at 61.71 is just 0.6% above its 3-month average of 61.37, 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.
Everyday Costs in in Philippines
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
Currency Guide for the Philippines (ISO Code: PH)
When planning a one-week mid-range stay in the Philippines, travelers should budget around 25,000 to 35,000 PHP (approximately $440 to $615 USD). This amount can provide a comfortable experience, factoring in meals, accommodations, transportation, and activities. Here’s a rough breakdown of typical daily expenses:
- 🍽️ Meal at a local restaurant: 200-400 PHP
- ☕ Coffee: 50-150 PHP
- 🚌 Public transport fare: 20-50 PHP
- 📱 Prepaid SIM card: 300-700 PHP
- 🏨 Budget hotel or Airbnb: 1,200-2,500 PHP
In general, the Philippines is considered an affordable travel destination compared to the United States, where a similar mid-range experience would often cost 30% more. Compared to the UK, the cost of living in the Philippines is significantly lower as well. Travelers will find that their money stretches further here, allowing for a richer experience without breaking the bank.
Living Costs and Money Tips for Expats
For expats moving to the Philippines, typical monthly living costs can range from 30,000 to 60,000 PHP ($530 to $1,060 USD), depending on lifestyle choices and location. This estimate covers rent, utilities, food, and transportation. In major urban areas like Manila or Cebu, you may encounter higher costs, while rural areas offer significantly cheaper living.
When it comes to managing your finances, using a combination of local banking and card usage is advisable. Many banks offer services specifically catering to expats, and using international cards like Visa and Mastercard is common. However, be wary of ATM fees. For sending and receiving money, online transfer services such as Wise or OFX often provide better exchange rates and lower fees compared to traditional banks or currency exchange services. In highly touristy areas, you may get slightly better rates by exchanging money locally, but it’s generally safer and more efficient to use an online transfer service to avoid fluctuating rates and additional fees.