What is the best Send Money conversion rate for PHP to INR?
The best PHP to INR exchange rate is 1.4985 from WorldRemit. This is -0.5% compared to the mid-market rate 1.5060.
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 Indian rupee (INR) rates from different sources before making a conversion.
How do PHP-INR rates compare between providers?
Looking at our comparison table the best PHP to INR exchange rate is 1.4985 from WorldRemit, -0.5% from the mid-market rate 1.5060. The next best rate is 1.4955 from Wise, -0.7% from the mid-rate.
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.
The Peso to Rupee comparison table above 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 PHP-INR mid-rate (see Market Data below ) and the possible savings of using various providers.