Rates USD Markets USD to PHP Foreign Transfers

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USD to PHP Transfers Compared

Compare live exchange rates, provider costs and current currency market data before you exchange.

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Compare USD to PHP rates

International money transfer rates Send 10,000 USD → Receive PHP

Compare Exchange Rates & Fees - Save Time & Money

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.

Rate direction

US dollar to Philippine peso · USD/PHP trend

Review the recent market direction, current mid-market rate and significant movement alerts.

Current mid-market rate

1 USD = 60.70 PHP

1D−0.1%▼

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Observed movement

90-day market context

USD to PHP is at 30-day lows near 60.70, 1.1% below its 3-month average of 61.35, having traded in a very stable 2.6% range from 60.28 to 61.87

Forecast snapshot

Quick USD/PHP forecast

Near-term bias🔴 Mild downside

Expected range59.2250 – 60.7000

Dominant driver🌍 Global risk sentiment

3-month trend⚪ Range-bound

View full USD/PHP forecast

USD/PHP sits at 60.70, near 30-day lows, with a mild downside bias and range-bound outlook. Global risk sentiment and geopolitical tensions support the PHP, but a stronger USD could emerge if U.S. inflation or Fed signals shift. #Forex

@bestfxrates

USD to PHP Conversion: What Is Your Money Worth?

View common conversion amounts at today’s mid-market rate

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 * :

USD	PHP
$ 1	₱ 60.70
$ 5	₱ 303.50
$ 10	₱ 607.00
$ 20	₱ 1,214
$ 50	₱ 3,035
$ 100	₱ 6,070
$ 250	₱ 15,175
$ 500	₱ 30,350
$ 1,000	₱ 60,700
$ 2,000	₱ 121,400
$ 5,000	₱ 303,500
$ 10,000	₱ 607,000
$ 20,000	₱ 1,214,000
$ 50,000	₱ 3,035,000
$ 100,000	₱ 6,070,000

USD	PHP
$ 0.0165	₱ 1
$ 0.0824	₱ 5
$ 0.1647	₱ 10
$ 0.3295	₱ 20
$ 0.8237	₱ 50
$ 1.6473	₱ 100
$ 4.1183	₱ 250
$ 8.2365	₱ 500
$ 16.47	₱ 1,000
$ 32.95	₱ 2,000
$ 82.37	₱ 5,000
$ 164.73	₱ 10,000
$ 329.46	₱ 20,000
$ 823.65	₱ 50,000
$ 1,647	₱ 100,000

More amounts

*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 60.4 from OFX . This is -0.49% compared to the mid-market rate 60.70.

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 60.4, -0.49% from the latest mid-market rate 60.70.

The next best is XE at 60.34, -0.59% from the mid-rate.

Then Wise at 60.04, which is -1.1% from the mid-rate.

The Western Union rate is 59.79 which is -1.5% from the mid-rate.

Among the banks the Chase Bank rate is 57.08 at -6% the Wells Fargo Bank rate is 56.72 at -6.6% and the Citibank rate is 60.05 at -1.1% compared to the mid-rate 60.70.

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.

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This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Best Exchange Rates Pty Ltd, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date. BER’s AI-generated rate analysis is developed using newsmon.ai.

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