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Understanding the Table:
The comparison table above helps you see the total cost of your Western Union currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your details and click ‘Get Rates’.
Western Union is a trusted provider of international money transfer services, offering a variety of convenient options to send and receive funds globally.
Customers can transfer money through multiple channels:
Recipients have several options:
Key Features
Sending money to Philippines can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Philippines bank accounts or pay a Philippine peso invoice.
The Western Union USD to PHP exchange rate is 55.35. This is -1% compared to the latest USD-PHP mid-market rate 55.91.
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.
Looking at the full comparison table the best USD to PHP exchange rate is 55.63 from OFX, -0.5% from the mid-market rate 55.91. The next best rate is 55.58 from XE, -0.59% from the mid-rate. Then Wise with 55.55 is -0.64% from the mid-rate.
The Western Union rate is 55.35 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 50.49 at -9.7% the Wells Fargo Bank rate is 50.15 at -10.3% and the Citibank rate is 52.72 at -5.7% compared to the mid-rate 55.91.
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.
View a full list of exchange rates by selecting your Base (from) currency: