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    Best USD to PHP Exchange Rates

    The best USD to PHP rate is 55.35, and is the current mid-market exchange rate. We help you compare US dollar to Philippine peso rates and costs to this live market rate.

    In this Dollar to peso (USD/PHP) rate guide:

    Compare exchange rates - USD to PHP

    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 below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on Dollar to peso currency rates and the possible savings of using various providers.


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    @bestfxrates : 📉 USD/PHP Update: As of 28 Nov, the US dollar remains strong, trading at 55.46 against the PHP — 1.7% below its 3-month average. Despite a robust dollar trend amid high Treasury yields & global concerns, FX analysts anticipate potential USD softening in 2023 as Fed rate hikes may pause. #USDPHP #Forex

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    USD to PHP Market Data

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

    1 USD =
    55.35We compare provider deals to this wholesale mid-market rate. Read more
    USD to PHP at 55.47 is 1.7% below its 3-month average of 56.43, having traded in a very stable 3.7% range from 55.18 to 57.21
    Sell USD   →   Buy PHP
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    14 Nov 2023
    0.1% 2 Week
    30 Aug 2023
    2.3% 3 Month
    28 Nov 2022
    2.1% 1 Year
    29 Nov 2018
    5.9% 5 Year
    30 Nov 2013
    26.9% 10 Year
    03 Dec 2003
    0.1% 20 Year
    USD/PHP historic rates & change to 28-Nov-2023

    Forecasts for USD to PHP

    USDPHP chart
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    Based on recent currency market updates and analyst forecasts, the US dollar has demonstrated considerable strength against a backdrop of a robust U.S. economy and high Treasury yields. FX analysts, following a Reuters poll, indicate that this fortitude is anticipated to challenge most major currencies through the end of the year, including the Philippine peso (PHP). The resilience of the dollar, partly due to global growth concerns and the situation in China dampening risk appetite, is seen as a continuing trend. However, there is an expectation of a modest weakening next year, particularly as the Federal Reserve nears its anticipated first interest rate cut—signaling a potential shift that could impact the USD's position against its peers.

    Read our full USD to PHP forecasts analysis

    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.

    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 BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

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


    Country Currency 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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