The comparison table above helps you see the total cost of your 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 transaction type, details and click ‘GET RATES’.
Compare Exchange Rates & Fees - Save Time & Money
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.
EUR to PHP Market Data
Euro (EUR) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the EUR to PHP Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Euro against the Philippine peso is to review how the EUR/PHP rate has changed over time.
The table below shows the percentage change in the EUR to PHP exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The EUR to PHP exchange rate has been influenced by several recent developments stemming from both the Eurozone and the Philippines, alongside broader economic factors.
Current market bias: The EUR to PHP exchange rate is currently in a range-bound phase with a slight upward bias.
Key drivers:
- The European Central Bank's decision to maintain interest rates supports euro stability, despite concerns that a strong euro may lower inflation.
- Rate cuts by the Bangko Sentral ng Pilipinas add downward pressure on the Philippine peso, as the market anticipates further easing.
- Positive economic growth forecasts for the Eurozone contrast with concerns about the Philippines' economic performance, indicated by revised GDP growth rates.
Near-term range: Expect stable trading as both currencies respond to upcoming economic data.
What could change it: An upside risk includes strong economic data from Germany lifting the euro, while a downside risk could emerge from political instability in the Philippines, undermining investor confidence.
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EUR to PHP looks range-bound with a slight upward bias. ECB keeps rates steady, supporting the euro, while BSP’s recent cut pressures PHP. Positive Eurozone growth vs. concerns over PH GDP could impact the pair's stability. Keep an eye on data releases!
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EUR to PHP Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
What is the
best Send Money conversion rate for EUR to PHP?
The best EUR to PHP exchange rate is 69.04 from OFX . This is -0.3% compared to the mid-market rate 69.25.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Euro (EUR) to Philippine peso (PHP) rates from different sources before making a conversion.
The above
Euro to Peso comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest EUR-PHP mid-rate and the possible savings of using various providers.
How do EUR-PHP rates compare between providers?
Looking at the full
EUR to PHP - Send Money comparison table the provider with the best EUR to PHP exchange rate is OFX at 69.04, -0.3% from the latest mid-market rate 69.25.
The next best is XE at 68.83, -0.61% from the mid-rate.
Then Wise at 68.67, which is -0.84% from the mid-rate.
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
or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency: