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 details and click ‘Get Rates’.
Save Money - Compare Exchange Rate Margins & Fees
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.
USD to PHP Market Data
US dollar (USD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the USD to PHP Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the US dollar against the Philippine peso is to review how the USD/PHP rate has changed over time.
The table below shows the percentage change in the USD to PHP exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date
USD/PHP
Change
Period
23 May 2025
55.35
0.6% ▲
2 Week
08 Mar 2025
57.48
3.1% ▼
3 Month
06 Jun 2024
58.63
5% ▼
1 Year
07 Jun 2020
49.70
12% ▲
5 Year
09 Jun 2015
45.10
23.5% ▲
10 Year
11 Jun 2005
55.19
0.9% ▲
20 Year
USD/PHP historic rates & change to 06-Jun-2025
USD/PHP trading near 55.64, down 1.5% from 3-month avg. Recent US jobless claims spike could trigger Fed rate cuts, pressuring USD further. Analysts warn PHP may weaken long-term due to overvalued peso & political uncertainty following Duterte's arrest. #forex #currencyforecast
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 * :
The standard OFX USD-PHP rate is 53.7157, -3.9% from the mid-rate. Visit OFX here to secure the better rate.
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 comparison table
the best USD to PHP exchange rate is 55.6 from OFX, -0.5% from the mid-market rate 55.88. The next best rate is 55.54 from XE, -0.61% from the mid-rate. Then Wise with 55.52 is -0.64% from the mid-rate.
The Western Union rate is 55.32 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 50.64 at -9.4% the Wells Fargo Bank rate is 50.31 at -10% and the Citibank rate is 52.88 at -5.4% compared to the mid-rate 55.88.
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: