Best USD to PHP Exchange Rates

USD to PHP Market Data

US dollar (USD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.

1 USD = PHP

-0.3%

USD to PHP at 55.94 is 2.9% below its 3-month average of 57.64, having traded in a quite stable 5.5% range from 55.86 to 58.95

13-SEP 6PM-NY 11PM-LON 14-SEP 6AM-HK 8AM-SYD

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1 PHP = 0.017876 USD

Date	USD/PHP	Change	Period
30 Aug 2024	56.24	0.5% ▼	2 Week
15 Jun 2024	58.70	4.7% ▼	3 Month
14 Sep 2023	56.77	1.5% ▼	1 Year
15 Sep 2019	51.95	7.7% ▲	5 Year
16 Sep 2014	44.31	26.2% ▲	10 Year
18 Sep 2004	56.22	0.5% ▼	20 Year

USD/PHP historic rates & change to 13-Sep-2024

What are equivalent amounts of USD and PHP?

Here are some popular conversion amounts for USD to PHP (US dollar to Philippine peso)*.

USD	PHP
$ 1	₱ 55.94
$ 5	₱ 279.70
$ 10	₱ 559.40
$ 20	₱ 1,119
$ 50	₱ 2,797
$ 100	₱ 5,594
$ 250	₱ 13,985
$ 500	₱ 27,970
$ 1,000	₱ 55,940
$ 2,000	₱ 111,880
$ 5,000	₱ 279,700
$ 10,000	₱ 559,400
$ 20,000	₱ 1,118,800
$ 50,000	₱ 2,797,000
$ 100,000	₱ 5,594,000

USD	PHP
$ 0.0179	₱ 1
$ 0.0894	₱ 5
$ 0.1788	₱ 10
$ 0.3575	₱ 20
$ 0.8938	₱ 50
$ 1.7876	₱ 100
$ 4.4690	₱ 250
$ 8.9380	₱ 500
$ 17.88	₱ 1,000
$ 35.75	₱ 2,000
$ 89.38	₱ 5,000
$ 178.76	₱ 10,000
$ 357.52	₱ 20,000
$ 893.80	₱ 50,000
$ 1,788	₱ 100,000

More amounts

*Converted at the current USDPHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

Forecasts for USD to PHP

14 SepRecent forecasts and market updates indicate a mixed outlook for the USD to PHP exchange rate, largely driven by global economic conditions and central bank policies. The US dollar has experienced a notable weakening due to disappointing Producer Price Index (PPI) figures, which have led to increased speculation around potential interest rate cuts from the Federal Reserve. Statements from Fed Chair Jerome Powell, emphasizing the need for policy adjustments to support the labor market, further pressured the USD. As the market awaits the upcoming consumer sentiment index, economists are cautiously optimistic about a modest recovery in household morale, though whether this will provide sufficient support for the dollar remains uncertain.

Read our full review of recent USD to PHP forecasts.

How to get a good USD to PHP exchange rate

There are several ways to save on exchange rates when converting US dollar to Philippine peso:

Shop around for the best USD/PHP exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
Timing is important: Keep an eye on the USD/PHP rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and PHP at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Philippine peso with US dollar, then it's better for the USD/PHP exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the US dollar rise against the Philippine peso?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add USD/PHP to your personalised Rate Tracker to track and benefit from currency movements.

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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

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Read our Currency guide to Philippines - a practical currency and money guide to travel, living and doing business in Philippines with the Philippine peso.

Currency Country Guides

United States (USD)

Philippines (PHP)

What is the cost of living in Philippines?

The cost of living in Philippines is relatively low compared to other countries. Rent, food, and transportation are all relatively inexpensive.

How is the expat life in Philippines?

The expat life in Philippines can be quite comfortable. There is a wide variety of housing options available, from apartments to villas. Many expats live in gated communities with security guards. The cost of living is relatively low, and there are a number of good schools to choose from. English is widely spoken, which makes communication easy.

Read more at our Philippines (PHP) country guide

Related exchange rates

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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Best USD to PHP Exchange Rates Compared Live

Comparing USD-PHP exchange rates