Understanding the Table:
The comparison table above helps you see the total cost of your ASB Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
US dollar (USD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/PHP Outlook: The USD/PHP exchange rate is likely to move sideways as it trades just below the 90-day average but within a stable range.
USD/EUR Outlook: The USD/EUR exchange rate is currently strong, trading 1.
USD/JPY Outlook: USD/JPY is slightly positive but likely to move sideways as it trades just above its 90-day average.
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 * :
*Converted at the current USD-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best USD to PHP exchange rate is 58.58 from OFX . This is -0.49% compared to the mid-market rate 58.87.
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 ASB Bank - Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by ASB Bank and other foreign exchange providers against the latest USD-PHP mid-rate and the possible savings of using various 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 58.58, -0.49% from the latest mid-market rate 58.87.
The next best is XE at 58.52, -0.59% from the mid-rate.
Then Wise at 58.1, which is -1.3% from the mid-rate.
The Western Union rate is 57.99 which is -1.5% from the mid-rate.
Among the banks the Chase Bank rate is 52.38 at -11% the Wells Fargo Bank rate is 52.02 at -11.6% and the Citibank rate is 54.73 at -7% compared to the mid-rate 58.87.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like ASB Bank 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.
View a full list of exchange rates by selecting your Base (from) currency:
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