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’.
PHP to USD Market Data
Philippine peso (PHP) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the PHP to USD 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 Philippine peso against the US dollar is to review how the PHP/USD rate has changed over time.
The table below shows the percentage change in the PHP to USD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
USD/PHP under pressure after US inflation miss. Rate at 55.85, 1% below 3mo avg. Analysts expect PHP weakness by 2025 due to overvaluation + Duterte arrest raising political concerns ahead of elections. #forex #USDPHP
To help you understand the real-world value of the current exchange rate, the table below shows how much Philippine peso are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different PHP amounts at today’s rate * :
What is the
best Send Money conversion rate for PHP to USD?
The best PHP to USD exchange rate is 0.0179 from WorldRemit. This is -0.31% compared to the mid-market rate 0.017955.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Philippine peso (PHP) to US dollar (USD) rates from different sources before making a conversion.
The above
Peso to Dollar 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 PHP-USD mid-rate and the possible savings of using various providers.
How do PHP-USD rates compare between providers?
Looking at the
full comparison table
the best PHP to USD exchange rate is 0.0179 from WorldRemit, -0.31% from the mid-market rate 0.017955. The next best rate is 0.0178 from Wise, -0.86% 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.
The recent analysis of the PHP to USD exchange rate indicates a turbulent period ahead for the Philippine peso, influenced by various economic and geopolitical factors.
Recent analysis indicates that the USD to GBP exchange rate is experiencing increased volatility, with the USD slipping to 90-day lows near 0.7368, around 2.5%...