The Wells Fargo Bank USD to PHP rate is 50.77. This is -9.7% below the mid-rate. Compare Wells Fargo Bank currency conversion rates - Reduce FX costs.
The Wells Fargo Bank USD to PHP exchange rate is 50.77. This is -9.7% compared to the latest USD-PHP mid-market rate 56.21.
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.
Looking at our comparison table the best USD to PHP exchange rate is 55.93 from OFX, -0.5% from the mid-market rate 56.21. The next best rate is 55.87 from XE, -0.6% from the mid-rate. Then Wise with 55.84 is -0.66% from the mid-rate.
The Western Union rate is 55.65 which is -1% from the mid-rate.
Among the banks, the Chase Bank rate is 51.11 at -9.1%, the Wells Fargo Bank rate is 50.77 at -9.7%, and the Citibank rate is 53.36 at -5.1% compared to the mid-rate 56.21.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Wells Fargo 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.
The Wells Fargo Bank Dollar to Peso comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wells Fargo Bank and other foreign exchange providers against the latest USD-PHP mid-rate (see Market Data below ) and the possible savings of using various providers.
Wells Fargo is the third-largest consumer bank in the U.S. by assets after Chase Bank and Bank of America serving millions of consumers and small business clients worldwide from its headquarters in San Francisco, California.
Sending or receiving international transfers to or from your Wells Fargo bank account will include a margin rate of between 3% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).
The Wells Fargo app and website allow you to check the FX rate prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.
US dollar (USD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/PHP | Change | Period |
|---|---|---|---|
11 Apr 2025 | 57.18 | 1.5% ▼ | 2 Week |
25 Jan 2025 | 58.25 | 3.3% ▼ | 3 Month |
25 Apr 2024 | 57.79 | 2.6% ▼ | 1 Year |
26 Apr 2020 | 50.78 | 10.9% ▲ | 5 Year |
28 Apr 2015 | 44.22 | 27.3% ▲ | 10 Year |
30 Apr 2005 | 54.09 | 4.1% ▲ | 20 Year |
Here are some popular conversion amounts for USD to PHP (US dollar to Philippine peso)*.
*Converted at the current USDPHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts and analysis of the USD to PHP exchange rate suggest a mixed but generally bearish outlook for the Philippine peso against the US dollar. The USD has seen periods of strength, partly due to geopolitical tensions and the implications of US President Donald Trump's tariff policies, which have influenced market sentiment. Although the dollar has recently faced some volatility, it remains a safe haven during uncertain economic conditions, particularly as trade disputes, including the US-China trade war, escalate.
Read our full review of recent USD to PHP forecasts.
There are several ways to save on exchange rates when converting US dollar to Philippine peso:
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 in Philippines plus living and doing business 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.
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.
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
| United States (USD) | Philippines (PHP) |
The cost of living in Philippines is relatively low compared to other countries. Rent, food, and transportation are all relatively inexpensive.
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
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Further reading on the Philippine peso (PHP) - Guides, Reviews & News from our research team.
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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