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    Best Send Money to Philippines USD/PHP Rates Compared Live

    The best USD to PHP exchange rate is 58.54. Compare foreign transfer and currency exchange rates, find better rates & deals.

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    Comparing USD-PHP send money exchange rates

    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 above Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest USD-PHP mid-rate (see below) and the possible savings of using another provider.

     
    @bestfxrates : US dollar flexes strength against Philippine peso amid global headwishes. Analysts cite USD's safe haven allure & Fed rate stance for the uptrend. With USDPHP trading near 58.48, eyes on US services PMI for potential shifts. Stay vigilant with market changes to optimize FX deals. #USDPHP #ForexUpdate

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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.

     
    1 USD =
    58.54We compare provider deals to this wholesale mid-market rate. Read more
    PHP
    +0.1%
    1W
    USD to PHP at 58.54 is just above its 3-month average, having traded in a very stable 3.3% range from 57.06 to 58.95
    |
    Sell USD   →   Buy PHP
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    DateUSD/PHPChangePeriod
    10 Jul 2024
    58.29
    0.5% 2 Week
    25 Apr 2024
    57.79
    1.4% 3 Month
    25 Jul 2023
    54.56
    7.4% 1 Year
    26 Jul 2019
    51.03
    14.8% 5 Year
    27 Jul 2014
    43.32
    35.2% 10 Year
    29 Jul 2004
    56.02
    4.6% 20 Year
    USD/PHP historic rates & change to 24-Jul-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 58.54
    $ 5 292.70
    $ 10 585.40
    $ 20 1,171
    $ 50 2,927
    $ 100 5,854
    $ 250 14,635
    $ 500 29,270
    $ 1,000 58,540
    $ 2,000 117,080
    $ 5,000 292,700
    $ 10,000 585,400
    $ 20,000 1,170,800
    $ 50,000 2,927,000
    $ 100,000 5,854,000
    USD PHP
    $ 0.0171 ₱ 1
    $ 0.0854 ₱ 5
    $ 0.1708 ₱ 10
    $ 0.3417 ₱ 20
    $ 0.8542 ₱ 50
    $ 1.7083 ₱ 100
    $ 4.2708 ₱ 250
    $ 8.5415 ₱ 500
    $ 17.08 ₱ 1,000
    $ 34.17 ₱ 2,000
    $ 85.42 ₱ 5,000
    $ 170.83 ₱ 10,000
    $ 341.66 ₱ 20,000
    $ 854.15 ₱ 50,000
    $ 1,708 ₱ 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

     

    The recent analysis of the USD to PHP exchange rate indicates that the US dollar has been strengthening due to downbeat trade sentiments, despite a lack of fresh US data and retreating Treasury bond yields. The upcoming release of the US services PMI is expected to show a decline from a two-year high in July, potentially impacting the USD exchange rates. On the other hand, the Philippine peso has faced challenges, dropping nearly 20% against the US dollar amidst global uncertainties, specifically the war in Ukraine.

    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:

    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 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.

    Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

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

     
     
     

    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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