USD to PHP Market Data
US dollar (USD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
Currency Forecasts related to USD/PHP
USD to PHP Exchange Rate Forecast & Outlook
In the near term, USD/PHP is trading close to its recent highs, supported by risk-off conditions and elevated USD risk sentiment. The pair remains supported by the safe-haven status of the USD amid regional geopolitical tensions.
USD to EUR Exchange Rate Forecast & Outlook
USD/EUR is trading close to recent highs, supported by risk-off sentiment. The pair is consolidating near its 3-month range and may remain supported if global risk conditions stay tense.
USD to JPY Exchange Rate Forecast & Outlook
USD/JPY is trading close to the recent range highs, holding near 159.8 and above the 3-month average of 156.6. The pair is supported by safe-haven flows driven by geopolitical tensions.
USD to PHP Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
*Converted at the current USD-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the best Send Money conversion rate for USD to PHP?
The best USD to PHP exchange rate is 59.61 from OFX . This is -0.5% compared to the mid-market rate 59.91.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Philippine peso (PHP) rates from different sources before making a conversion.
The above Dollar 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 USD-PHP mid-rate and the possible savings of using various providers.
How do USD-PHP rates compare between providers?
Looking at the full USD to PHP - Send Money comparison table the provider with the best USD to PHP exchange rate is OFX at 59.61, -0.5% from the latest mid-market rate 59.91.
The next best is XE at 59.55, -0.6% from the mid-rate.
Then Wise at 59.18, which is -1.2% from the mid-rate.
The Western Union rate is 59.01 which is -1.5% from the mid-rate.
Among the banks the Chase Bank rate is 52.14 at -13% the Wells Fargo Bank rate is 51.96 at -13.3% and the Citibank rate is 54.71 at -8.7% compared to the mid-rate 59.91.
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.
