Understanding the Table:
The comparison table above helps you see the total cost of your OFX 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’.
Philippine peso (PHP) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: The PHP/USD outlook is range-bound as the current exchange rate is below the 90-day average and within the middle of the 3-month range.
EUR/USD Outlook: The outlook is slightly positive, but likely to move sideways, as the rate is above its recent average and near recent highs without a clear driver.
USD/GBP Outlook: Likely to decrease, as the rate is below its recent average and near recent lows, pressured by ongoing economic concerns.
To help you understand the real-world value of the current exchange rate, the table below shows how much Philippine peso are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different PHP amounts at today’s rate * :
*Converted at the current PHP-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best PHP to USD exchange rate is 0.0168 from Wise. This is -0.84% compared to the mid-market rate 0.016942.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Philippine peso (PHP) to US dollar (USD) rates from different sources before making a conversion.
The above OFX - Peso to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest PHP-USD mid-rate and the possible savings of using various providers.
Looking at the full PHP to USD - Send Money comparison table the provider with the best PHP to USD exchange rate is Wise at 0.0168, -0.84% from the latest mid-market rate 0.016942.
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 like OFX 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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