The WorldRemit USD to PHP rate is 54.34. This is -2.4% below the mid-rate. Compare WorldRemit currency conversion rates - Reduce FX costs.
The WorldRemit USD to PHP exchange rate is 54.34. This is -2.4% compared to the latest USD-PHP mid-market rate 55.68.
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.
Looking at our comparison table the best USD to PHP exchange rate is 55.4 from OFX, -0.5% from the mid-market rate 55.68. The next best rate is 55.34 from XE, -0.61% from the mid-rate. Then Wise with 55.32 is -0.65% from the mid-rate.
The Western Union rate is 55.12 which is -1% from the mid-rate.
Among the banks, the Chase Bank rate is 50.57 at -9.2%, the Wells Fargo Bank rate is 50.23 at -9.8%, and the Citibank rate is 52.79 at -5.2% compared to the mid-rate 55.68.
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 WorldRemit or platforms that offer rates closer to the mid-market rate.
The WorldRemit Dollar to Peso comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by WorldRemit and other foreign exchange providers against the latest USD-PHP mid-rate (see Market Data below ) and the possible savings of using various providers.
WorldRemit is a popular online money transfer service that allows users to send money to over 130 countries worldwide. The platform is known for its easy-to-use interface and low fees, making it a great option for people looking to send money to friends and family overseas.
One of the standout features of WorldRemit is its flexibility when it comes to payment and delivery options. Users can choose to send money via bank transfer, mobile money, or cash pickup, and recipients can receive funds through a bank account, mobile wallet, or cash pick-up location. This makes it easy for users to find a payment and delivery method that works best for them and their recipients.
In addition, WorldRemit offers competitive exchange rates and low fees, which can help users save money on international transfers. The platform also provides real-time updates on the status of transfers, so users can easily track their funds and ensure they arrive at their intended destination.
Overall, WorldRemit is a reliable and user-friendly platform for sending money internationally. Its wide range of payment and delivery options, competitive rates, and real-time updates make it a top choice for many users.
For more details on WorldRemit exchange rates, service and what their users think read our guide WorldRemit Foreign Transfers Reviewed.
US dollar (USD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/PHP | Change | Period |
|---|---|---|---|
29 Apr 2025 | 56.04 | 0.6% ▼ | 2 Week |
12 Feb 2025 | 58.25 | 4.4% ▼ | 3 Month |
13 May 2024 | 57.86 | 3.8% ▼ | 1 Year |
14 May 2020 | 50.49 | 10.3% ▲ | 5 Year |
16 May 2015 | 44.44 | 25.3% ▲ | 10 Year |
18 May 2005 | 54.57 | 2.1% ▲ | 20 Year |
Here are some popular conversion amounts for USD to PHP (US dollar to Philippine peso)*.
*Converted at the current USDPHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts for the USD to PHP exchange rate indicate significant volatility and potential depreciation of the Philippine peso against the US dollar. Analysts suggest that the ongoing developments in US-China trade relations, including a recent trade truce, have bolstered the US dollar's strength. The agreement aims to reduce tariffs, which has raised hopes among investors that the risk of a US recession could diminish, thereby supporting bullish momentum for the dollar.
Read our full review of recent USD to PHP forecasts.
There are several ways to save on exchange rates when converting US dollar to Philippine peso:
Generally speaking, if you are buying Philippine peso with US dollar, then it's better for the USD/PHP exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Philippines — a practical currency and money guide to travel in Philippines plus living and doing business with the Philippine peso.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/PHP to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United States (USD) | Philippines (PHP) |
The cost of living in Philippines is relatively low compared to other countries. Rent, food, and transportation are all relatively inexpensive.
The expat life in Philippines can be quite comfortable. There is a wide variety of housing options available, from apartments to villas. Many expats live in gated communities with security guards. The cost of living is relatively low, and there are a number of good schools to choose from. English is widely spoken, which makes communication easy.
There are many laws that foreigners should be aware of in the Philippines. Some of these laws include the following:
The foreigner must obtain a visa before entering the Philippines.
The foreigner must obtain a residence permit before living in the Philippines for more than three months.
The foreigner must obtain a work permit before working in the Philippines.
The foreigner must register with the Philippine Bureau of Immigration if he or she plans to stay in the Philippines for more than 60 days.
In general, doing business in the Philippines is fairly easy. The country has a well-developed infrastructure and a relatively stable political environment. Businesses are generally free to operate without too much government interference. However, there are some bureaucratic procedures that can be time-consuming. Additionally, crime is a serious problem in the Philippines and businesses may be targets for theft or other crimes.
The Philippines has a mixed economy in which the government plays a regulatory role in ensuring that businesses operate fairly and equitably. The country is abundant in natural resources and labor, and its agricultural and manufacturing industries are growing. However, the Philippines faces challenges in terms of infrastructure, corruption, and poverty.
Read more at our Philippines (PHP) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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