Understanding the Table:
The comparison table above helps you see the total cost of your DBS Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The average HKD rate margin offered by DBS Bank is 1.2%.
This average is based on individual HKD 10K transfer rates in the currency pairs from DBS Bank that we monitor.
The tables below show the best and worst exchange rate margins offered by DBS Bank for Hong Kong dollar (HKD 10K) transactions. Margins show the percentage difference from the mid-market rate.
Hong Kong dollar (HKD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
HKD/PHP Outlook: Slightly weaker, but likely to move sideways, as the rate is near its 90-day average and lacks a clear driver.
USD/PHP Outlook: Slightly weaker, but likely to move sideways, as the rate is near its recent average and pressured by domestic economic challenges.
EUR/PHP Outlook: The outlook for EUR/PHP is likely to increase as the rate is trading above its recent average and near recent highs, supported by strong oil prices.
To help you understand the real-world value of the current exchange rate, the table below shows how much Hong Kong dollar are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different HKD amounts at today’s rate * :
| HKD | PHP |
|---|---|
| HK$ 1,000 | ₱ 7,562 |
| HK$ 5,000 | ₱ 37,811 |
| HK$ 20,000 | ₱ 151,244 |
| HK$ 100,000 | ₱ 756,220 |
More amounts
*Converted at the current HKD-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The DBS Bank HKD to PHP exchange rate is 7.2942. This is -3.5% compared to the latest HKD-PHP mid-market rate 7.5622.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Hong Kong dollar (HKD) to Philippine peso (PHP) rates from different sources before making a conversion.
The above DBS Bank - Hong Kong dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by DBS Bank and other foreign exchange providers against the latest HKD-PHP mid-rate and the possible savings of using various providers.
Looking at the full HKD to PHP - Send Money comparison table the provider with the best HKD to PHP exchange rate is OFX at 7.5244, -0.5% from the latest mid-market rate 7.5622.
The next best is XE at 7.5169, -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like DBS Bank 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.
View a full list of exchange rates by selecting your Base (from) currency:
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