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    Best USD to PHP Exchange Rates Compared Live

    The best USD to PHP exchange rate is 57.72. Compare foreign transfer and currency exchange rates, find better rates & deals.

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    Comparing USD-PHP exchange rates

    Exchange rates can vary significantly between different currency exchange providers, so it's important to 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 vs the latest USD-PHP mid-rate (see below) and the possible savings of using another provider.

     
    @bestfxrates : 📉 Cooling US inflation & weak economic data put downward pressure on USD, sparking speculation of Fed rate cuts. Meanwhile, geopolitical tensions weigh on PHP, with USD to PHP at 57.46, above 3-month avg. Market eyes May CPI for Fed's moves. Stay alert to mitigate risks in USD/PHP trades. #ForexUpdate #USDPHP

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    USD to PHP Market Data

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

     
    1 USD =
    57.72We compare provider deals to this wholesale mid-market rate. Read more
    PHP
    +0.4%
    USD to PHP at 57.72 is 2.0% above its 3-month average of 56.6, having traded in a quite stable 4.5% range from 55.34 to 57.82
    |
    Sell USD   →   Buy PHP
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    DateUSD/PHPChangePeriod
    03 May 2024
    57.06
    1.2% 2 Week
    17 Feb 2024
    55.97
    3.1% 3 Month
    18 May 2023
    55.82
    3.4% 1 Year
    19 May 2019
    52.68
    9.6% 5 Year
    20 May 2014
    43.73
    32% 10 Year
    22 May 2004
    55.83
    3.4% 20 Year
    USD/PHP historic rates & change to 17-May-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 57.72
    $ 5 288.60
    $ 10 577.20
    $ 20 1,154
    $ 50 2,886
    $ 100 5,772
    $ 250 14,430
    $ 500 28,860
    $ 1,000 57,720
    $ 2,000 115,440
    $ 5,000 288,600
    $ 10,000 577,200
    $ 20,000 1,154,400
    $ 50,000 2,886,000
    $ 100,000 5,772,000
    USD PHP
    $ 0.0173 ₱ 1
    $ 0.0866 ₱ 5
    $ 0.1733 ₱ 10
    $ 0.3465 ₱ 20
    $ 0.8663 ₱ 50
    $ 1.7326 ₱ 100
    $ 4.3315 ₱ 250
    $ 8.6630 ₱ 500
    $ 17.33 ₱ 1,000
    $ 34.65 ₱ 2,000
    $ 86.63 ₱ 5,000
    $ 173.26 ₱ 10,000
    $ 346.52 ₱ 20,000
    $ 866.30 ₱ 50,000
    $ 1,733 ₱ 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

     

    According to recent exchange rate forecasts and currency market updates, the US dollar (USD) has been facing downward pressure due to cooling US inflation and weaker-than-expected economic data, which have raised bets on potential Federal Reserve rate cuts. Despite a strong performance in April, uncertainties persist going into May, with markets closely watching upcoming data releases such as May's Consumer Price Index (CPI) for guidance on the Fed's next policy moves. The USD had initially rallied following higher inflation figures in early April, but subsequent disappointments in GDP growth and job reports have tempered expectations, with the Fed leaving rates unchanged in its most recent decision.

    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:

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.

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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 StatesUnited States (USD)PhilippinesPhilippines (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

       
     
     

    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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