The live mid-rate PHP to USD exchange rate is 0.017173. Compare currency conversion rates - Reduce FX costs.
The best PHP to USD exchange rate is 0.0171 from Wise. This is -0.43% compared to the mid-market rate 0.017173.
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.
Looking at our comparison table the best PHP to USD exchange rate is 0.0171 from Wise, -0.43% from the mid-market rate 0.017173. The next best rate is 0.0171 from WorldRemit, -0.43% from the mid-rate. WorldRemit with 0.0171 is -0.43% from the mid-rate.
The Western Union rate is which is - 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 Dollar 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-USD mid-rate (see Market Data below ) and the possible savings of using various providers.
Philippine peso (PHP) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | PHP/USD | Period |
|---|---|---|
16 Nov 2024 | 0.0170 | 2 Week |
01 Sep 2024 | 0.0178 | 3 Month |
01 Dec 2023 | 0.0181 | 1 Year |
02 Dec 2019 | 0.0196 | 5 Year |
03 Dec 2014 | 0.0224 | 10 Year |
05 Dec 2004 | 0.0179 | 20 Year |
Here are some popular conversion amounts for PHP to USD (Philippine peso to US dollar)*.
*Converted at the current PHPUSD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Philippine peso (PHP) continues to experience volatility against the backdrop of fluctuating US monetary policy and geopolitical events. Recent market updates indicate the peso hit 14-day highs near 0.017067, yet remains 2.1% below its three-month average of 0.017429. This sustained pressure on the peso has been aggravated by a near 20% decline against the US dollar (USD) since the onset of the war in Ukraine, as investors have sought safe-haven assets amid global uncertainties. FX analysts point out that ongoing economic data from the US, particularly the core PCE price index, could significantly influence the dollar's strength in the upcoming weeks.
Read our full review of recent PHP to USD forecasts.
There are several ways to save on exchange rates when converting Philippine peso to US dollar:
Generally speaking, if you are buying US dollar with Philippine peso, then it's better for the PHP/USD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add PHP/USD to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United States (USD) | Philippines (PHP) |  East Timor (USD) |
 Ecuador (USD) |  El Salvador (USD) |  British Virgin Islands (USD) |
 US Virgin Islands (USD) |  Caribbean Netherlands (USD) |  Turks and Caicos Islands (USD) |
Setting up a business in the US as a foreigner is generally the same process as setting up a business as a US citizen. However, there may be additional legal requirements and regulations that apply to foreign nationals. It is advisable to consult with a lawyer who specializes in immigration and business law to ensure compliance with all relevant laws and regulations. Additionally, obtaining a valid work visa may be necessary in order to work in the US as a foreigner. It's important to research the specific requirements for the type of business you plan to start and the state where you plan to set it up.
Read more at our United States (USD) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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