USD to PHP Transfers Compared

   

USD/PHP sits at 58.26, 1.7% above the 3-month avg. of 57.3, showing a stable range. Analysts note the influence of slowing consumer confidence and a US gov't shutdown on the dollar. Meanwhile, rate cuts by BSP and ongoing protests may add volatility to the peso

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What is the best Send Money conversion rate for USD to PHP?

The best USD to PHP exchange rate is 57.82 from XE. This is -0.6% compared to the mid-market rate 58.17.

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 XE at 57.82, -0.6% from the latest mid-market rate 58.17.

The next best is Wise at 57.79, -0.65% from the mid-rate.

Then OFX at 57.7, which is -0.81% from the mid-rate.

The Western Union rate is 57.58 which is -1% from the mid-rate.

Among the banks the Chase Bank rate is 52.93 at -9% the Wells Fargo Bank rate is 52.59 at -9.6% and the Citibank rate is 55.26 at -5% compared to the mid-rate 58.17.

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.