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Understanding the Table:
The comparison table above helps you see the total cost of your 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’.
Sending money to Philippines can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Philippines bank accounts or pay a Philippine peso invoice.
Indian rupee (INR) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
INR/USD Outlook: Slightly weaker, but likely to move sideways, as the rate is below its recent average and within a stable range.
USD/PHP Outlook: Slightly weaker, but likely to move sideways, as the rate is below its recent average and lacks a clear driver.
INR/EUR Outlook: Slightly weaker, but likely to move sideways as the rate is below its recent average and near its low end.
To help you understand the real-world value of the current exchange rate, the table below shows how much Indian rupee are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different INR amounts at today’s rate * :
*Converted at the current INR-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best INR to PHP exchange rate is 0.638 from Wise. This is -1.2% compared to the mid-market rate 0.6457.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Indian rupee (INR) to Philippine peso (PHP) rates from different sources before making a conversion.
The above Rupee to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest INR-PHP mid-rate and the possible savings of using various providers.
Looking at the full INR to PHP - Send Money comparison table the provider with the best INR to PHP exchange rate is Wise at 0.638, -1.2% from the latest mid-market rate 0.6457.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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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