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Understanding the Table:
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 transaction type, details and click ‘GET RATES’.
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.
US dollar (USD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: USD/PHP is bullish-to-range-bound, above the 90-day average and in the upper half of the three-month range.
Bias: Bearish-to-range-bound, as USD/EUR sits below the 90-day average and in the lower half of the three-month range.
Bias: bullish-to-range-bound, as USD/JPY sits above its 90-day average and in the upper half of the three-month range.
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.
The best USD to PHP exchange rate is 59.15 from OFX . This is -0.5% compared to the mid-market rate 59.45.
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.
Looking at the full USD to PHP - Send Money comparison table the provider with the best USD to PHP exchange rate is OFX at 59.15, -0.5% from the latest mid-market rate 59.45.
The next best is XE at 59.1, -0.59% from the mid-rate.
Then Western Union at 58.86, which is -0.99% from the mid-rate.
Among the banks the Chase Bank rate is 52.34 at -12% the Wells Fargo Bank rate is 51.99 at -12.5% and the Citibank rate is 54.72 at -8% compared to the mid-rate 59.45.
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:
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