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    Best USD to PHP Exchange Rates Compared Live

    The live mid-rate USD to PHP exchange rate is 58.33. Compare currency conversion rates - Reduce FX costs.

    USD-PHP Best Exchange Rates
     

     
    USD to PHP update: As of Dec 12, the USD is rallying to near 58.48 PHP amid Trump’s re-election, driven by expectations of inflation from proposed tax cuts. FX analysts warn of continued strength for the dollar as geopolitical tensions and market volatility persist. 12-Dec

     
     

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

    The best USD to PHP exchange rate is our partner deal rate of 58.04 from OFX . This is -0.5% compared to the mid-market rate 58.33.

    The standard OFX USD-PHP rate is 56.1389, -3.8% from the mid-rate. Visit OFX here to secure the better rate.

    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.

    How do USD-PHP rates compare between providers?

    Looking at our comparison table the best USD to PHP exchange rate is 58.04 from OFX, -0.5% from the mid-market rate 58.33. The next best rate is 57.98 from XE, -0.6% from the mid-rate. Wise with 57.95 is -0.65% from the mid-rate.

    The Western Union rate is 57.75 which is -0.99% from the mid-rate.

    Among the banks, the Citibank rate is 55.26 at -5.3%, the Chase Bank rate is 52.93 at -9.3%, and the Wells Fargo Bank rate is 52.58 at -9.9% from the mid-rate.

    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.

     

    Compare Rates

     

    The Dollar to Peso comparison table above 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 (see Market Data below ) and the possible savings of using various providers. 

     
     
     

    USD to PHP Market Data

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

     
    Sell USD   →   Buy PHP
    1 USD =
    58.33We compare provider deals to this wholesale mid-market rate. Read more
    PHP
    +0.7% since yesterday
    USD to PHP is at 7-day highs near 58.48, 1.4% above its 3-month average of 57.65, having traded in a relatively stable 6.1% range from 55.57 to 58.98
    |
    Tracker

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    DateUSD/PHPChangePeriod
    28 Nov 2024
    58.73
    0.8% 2 Week
    13 Sep 2024
    55.94
    4.2% 3 Month
    13 Dec 2023
    55.86
    4.3% 1 Year
    14 Dec 2019
    50.61
    15.1% 5 Year
    15 Dec 2014
    44.67
    30.4% 10 Year
    17 Dec 2004
    56.26
    3.6% 20 Year
    USD/PHP historic rates & change to 12-Dec-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 58.33
    $ 5 291.65
    $ 10 583.30
    $ 20 1,167
    $ 50 2,917
    $ 100 5,833
    $ 250 14,583
    $ 500 29,165
    $ 1,000 58,330
    $ 2,000 116,660
    $ 5,000 291,650
    $ 10,000 583,300
    $ 20,000 1,166,600
    $ 50,000 2,916,500
    $ 100,000 5,833,000
    USD PHP
    $ 0.0171 ₱ 1
    $ 0.0857 ₱ 5
    $ 0.1714 ₱ 10
    $ 0.3429 ₱ 20
    $ 0.8572 ₱ 50
    $ 1.7144 ₱ 100
    $ 4.2860 ₱ 250
    $ 8.5720 ₱ 500
    $ 17.14 ₱ 1,000
    $ 34.29 ₱ 2,000
    $ 85.72 ₱ 5,000
    $ 171.44 ₱ 10,000
    $ 342.88 ₱ 20,000
    $ 857.20 ₱ 50,000
    $ 1,714 ₱ 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

     

    In light of recent developments surrounding the USD to PHP exchange rate, currency analysts suggest that the US dollar is poised for further strength as political and economic factors intertwine. Following Donald Trump's re-election as President of the United States, there has been an uptick in the dollar's value, particularly against major currencies, bolstered by expectations of increased inflation driven by his administration's proposed tax cuts and tariffs. The USD has seen a significant rally, reaching 7-day highs near 58.48 PHP, approximately 1.4% above its three-month average of 57.65 PHP. This surge is indicative of a stronger greenback amidst a backdrop of heightened market volatility and global uncertainty, particularly stemming from ongoing geopolitical tensions, such as the war in Ukraine, which has pressurized currencies like the Philippine peso.

    Read our full review of recent USD to PHP forecasts.

     
    USD to PHP flags

    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.

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

    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.

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    Click below for the Request Quotes form and enter your transfer details (BER account required).

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    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Compare Rates

    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.

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

     
     

    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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