Understanding the Table:
The comparison table above helps you see the total cost of your Xoom 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’.
The Xoom USD to PHP exchange rate is 53.39. This is -4.1% compared to the latest USD-PHP mid-market rate 55.67.
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 Xoom - Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Xoom 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 55.39 from OFX, -0.5% from the mid-market rate 55.67. The next best rate is 55.34 from XE, -0.59% from the mid-rate. Then Wise with 55.31 is -0.65% from the mid-rate.
The Western Union rate is 55.12 which is -0.99% from the mid-rate.
Among the banks the Chase Bank rate is 50.55 at -9.2% the Wells Fargo Bank rate is 50.21 at -9.8% and the Citibank rate is 52.77 at -5.2% compared to the mid-rate 55.67.
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 Xoom or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency: