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Understanding the Table:
The comparison table above helps you see the total cost of your ING 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’.
Australian dollar (AUD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
AUD/PHP Outlook: Bullish, as the rate is significantly above its recent average and near recent highs, supported by inflation expectations in Australia.
AUD/USD Outlook: Likely to increase, supported by a high position compared to the recent average and current strength in the Australian dollar.
USD/PHP Outlook: Slightly weaker, but likely to move sideways, as the rate is below its recent average and near recent lows with no clear driver.
To help you understand the real-world value of the current exchange rate, the table below shows how much Australian dollar are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different AUD amounts at today’s rate * :
*Converted at the current AUD-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The ING Bank AUD to PHP exchange rate is 35.44. This is -14.7% compared to the latest AUD-PHP mid-market rate 41.53.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to Philippine peso (PHP) rates from different sources before making a conversion.
The above ING Bank - Aussie to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by ING Bank and other foreign exchange providers against the latest AUD-PHP mid-rate and the possible savings of using various providers.
Looking at the full AUD to PHP - Send Money comparison table the provider with the best AUD to PHP exchange rate is OFX at 41.32, -0.51% from the latest mid-market rate 41.53.
The next best is XE at 41.28, -0.6% from the mid-rate.
Then Wise at 41.22, which is -0.75% from the mid-rate.
The Western Union rate is 41.11 which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 39.45 at -5% the ANZ Bank rate is 39.89 at -3.9% and the ING Bank rate is 35.44 at -14.7% compared to the mid-rate 41.53.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like ING 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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