What is the Western Union Send Money conversion rate for USD to PHP?
The Western Union USD to PHP exchange rate is 59.72. This is -1.5% compared to the latest USD-PHP mid-market rate 60.63.
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 Western Union - Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Western Union and other foreign exchange providers against the latest USD-PHP mid-rate and the possible savings of using various providers.
How do Western Union USD-PHP rates compare between 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 60.32, -0.51% from the latest mid-market rate 60.63.
The next best is XE at 60.26, -0.61% from the mid-rate.
Then Wise at 59.96, which is -1.1% from the mid-rate.
The Western Union rate is 59.72 which is -1.5% from the mid-rate.
Among the banks the Chase Bank rate is 52.28 at -13.8% the Wells Fargo Bank rate is 51.92 at -14.4% and the Citibank rate is 54.7 at -9.8% compared to the mid-rate 60.63.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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 like Western Union or platforms that offer rates closer to the mid-market rate.
