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    Best Send Money to Philippines USD/PHP Rates Compared Live

    The best USD to PHP exchange rate is 58.88. 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 : USD to PHP update: Analyses signal a mixed stance as the dollar faces headwinds from weak retail sales, hinting at a slowdown. Yet, it endures, stable in May despite tepid job growth. Eyes on June's data & Fed's rate call. Conversely, geopolitical woes weaken PHP; USD/PHP at 58.67, +2% over a 3-mo avg. #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.

    1 USD =
    58.88We compare provider deals to this wholesale mid-market rate. Read more
    USD to PHP is at 14-day highs near 58.79, 2.1% above its 3-month average of 57.56, having traded in a quite stable 5.0% range from 56.02 to 58.83
    Sell USD   →   Buy PHP
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    05 Jun 2024
    0.1% 2 Week
    21 Mar 2024
    4.9% 3 Month
    20 Jun 2023
    5.8% 1 Year
    21 Jun 2019
    14.5% 5 Year
    22 Jun 2014
    34% 10 Year
    24 Jun 2004
    4.8% 20 Year
    USD/PHP historic rates & change to 19-Jun-2024

    What are equivalent amounts of USD and PHP?

    Here are some popular conversion amounts for USD to PHP (US dollar to Philippine peso)*.

    $ 1 58.88
    $ 5 294.40
    $ 10 588.80
    $ 20 1,178
    $ 50 2,944
    $ 100 5,888
    $ 250 14,720
    $ 500 29,440
    $ 1,000 58,880
    $ 2,000 117,760
    $ 5,000 294,400
    $ 10,000 588,800
    $ 20,000 1,177,600
    $ 50,000 2,944,000
    $ 100,000 5,888,000
    $ 0.0170 ₱ 1
    $ 0.0849 ₱ 5
    $ 0.1698 ₱ 10
    $ 0.3397 ₱ 20
    $ 0.8492 ₱ 50
    $ 1.6984 ₱ 100
    $ 4.2460 ₱ 250
    $ 8.4920 ₱ 500
    $ 16.98 ₱ 1,000
    $ 33.97 ₱ 2,000
    $ 84.92 ₱ 5,000
    $ 169.84 ₱ 10,000
    $ 339.68 ₱ 20,000
    $ 849.20 ₱ 50,000
    $ 1,698 ₱ 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


    Recent forecasts and market updates suggest a mixed outlook for the USD to PHP exchange rate as various factors jostle for influence. The US dollar (USD) has experienced muted trading due to disappointing retail sales data, stoking concerns about a potential economic slowdown. Despite this, the USD has remained relatively stable overall in May, showing resilience amidst cooling job growth and softening inflation. Market analysts are closely monitoring upcoming economic data releases, particularly June's payroll and inflation reports, ahead of the Federal Reserve's rate decision, which could provide further insight into the USD's trajectory.

    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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