USD/PHP trading at 56.24, down 2.2% from 3-month avg. Analysts note stable range despite Philippine political tensions & US tariff concerns. Forecasters watching Fed policy & export impacts for future direction. #forex #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.
Sell USD →
Buy PHP
1 USD
=
56.24We compare provider deals to this wholesale mid-market rate. Read more
PHP▼-0.4%
90d-lows
USD to PHP at 56.24 is 2.2% below its 3-month average of 57.53, having traded in a quite stable 4.3% range from 56.20 to 58.60
|Tracker
| 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 |
What are equivalent amounts of USD and PHP?
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.
Forecasts for USD to PHP
Recent forecasts regarding the USD to PHP exchange rate indicate a complex interplay influenced by political developments, trade dynamics, and economic performance. Currency analysts report that the US dollar received some initial support amid expectations of a de-escalation in trade tensions, particularly concerning tariffs imposed by the US on major trading partners, including China. However, this support appears to be tempered by mixed market responses that reflect a cautious sentiment, as the dollar's safe-haven appeal sometimes comes under pressure during periods of optimism in the broader market.
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:
- 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.
- 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.
- 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.
- 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.
- 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 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.
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.
Track Rate
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 States (USD) | Philippines (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
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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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