Philippine Peso to US Dollar (PHP/USD) Exchange Rate Today
Sending moneySending money home to the Philippines? Check the real rate before comparing providers.
Swap the currencies: USD to PHP →
Mid-market rate - no bank markup 200+ currencies Free
PHP to USD Conversion Table
Common amounts converted from Philippine Peso to US Dollar at today's rate.
| Philippine Peso (PHP) | US Dollar (USD) |
|---|---|
| 1 PHP | — |
| 5 PHP | — |
| 10 PHP | — |
| 25 PHP | — |
| 50 PHP | — |
| 100 PHP | — |
| 250 PHP | — |
| 500 PHP | — |
| 1,000 PHP | — |
| 5,000 PHP | — |
| 10,000 PHP | — |
| 50,000 PHP | — |
How much US Dollar will you actually receive?
Estimated cost to convert PHP 1,000 to USD with different transfer services. Fees are sourced from published pricing pages and may vary by amount, payment method, and destination.
| Service | Rate | Fee | Total Cost | USD received |
|---|---|---|---|---|
| Mid-market rate | — | - | - | — |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| Typical bank Mar 2026 | — | — | — | — |
| Bureau de change Mar 2026 | — | — | — | — |
Some links are affiliate links and may earn us a commission at no extra cost to you. This does not affect our ranking - we sort by lowest total cost to you. Fees are estimates based on published pricing and may differ from your actual quote.
Sending money? Compare PHP to USD providers
The PHP/USD corridor handles significant transfer volume. If you send money regularly between Philippine Peso and US Dollar, even a small rate difference compounds over time. Use the provider table above to compare what you would actually receive after fees and markup.
PHP/USD rate statistics
Is today's PHP/USD rate good or bad?
We compare today's live Philippine Peso to US Dollar mid-market rate against its 30-day and 52-week trading range. When the rate is near the top of its recent range, PHP holders get more US Dollar per unit - a better time to convert. When it is near the bottom, you may want to watch and wait.
Remittances from overseas Filipino workers drive significant demand for PHP. The corridor handles over $35 billion annually. BSP monetary policy and global dollar strength are the other key factors.
The live analysis below updates throughout market hours and shows exactly where today's rate sits in context.
What is the PHP/USD exchange rate?
The PHP/USD rate tracks how many US Dollar one Philippine Peso buys. Remittances are the lifeblood of this pair - overseas Filipino workers send home over $35 billion annually, creating constant demand for PHP.
PHP is issued by the Bangko Sentral ng Pilipinas (BSP) (ranked 28th globally - meaning it's the 28th most bought and sold currency in the world). USD is issued by the Federal Reserve (ranked 1st). Full PHP profile | Full USD profile
Philippine Peso to US Dollar is popular with travellers to the Philippines and the large Filipino diaspora sending remittances home.
What drives this rate? Bangko Sentral ng Pilipinas policy, remittance inflows from overseas Filipino workers (over $35 billion annually), BPO sector revenue, and US dollar strength globally.
Is today's PHP/USD rate good or bad?
The Philippine Peso to US Dollar mid-market rate shown above is the reference price before any provider adds fees or markup. It is not a guaranteed quote - your bank, card issuer, or transfer service will offer a different rate that includes their margin.
On a typical conversion, banks add 2-4% to this rate. The gap between the mid-market rate and what you actually receive is the real cost of converting - often larger than any flat fee. The PHP/USD corridor handles large remittance volumes, so specialist providers compete aggressively. Compare the final received amount across providers, not just the headline fee.
Converting Philippine Peso to US Dollar? Read this first
Sending money to the Philippines? Remittances account for roughly 10% of the Philippine economy. Services like Wise compete aggressively on this corridor, often offering better rates than banks.
Watch out: Banks typically charge 3-5% on PHP to USD transfers. Regulated online services like Wise are equally safe and usually much cheaper. Always compare the final received amount, not just the fee.
Did you know?
- About 80% of all US $100 bills are held overseas, primarily in countries with unstable local currencies.
Frequently asked questions
Is now a good time to convert PHP to USD?
Timing a currency exchange depends on your personal circumstances and financial goals rather than market conditions alone. The PHP/USD rate fluctuates based on interest rate differentials, economic data from both the Philippines and the United States, and risk sentiment in global markets.
Check the rate panel above to see current pricing, then consider whether your need to convert is driven by a time constraint or financial opportunity. The Bangko Sentral ng Pilipinas and Federal Reserve policy decisions are key factors that affect this pair's movements over longer periods.
What moves the PHP/USD exchange rate?
The PHP/USD rate responds to interest rate decisions from both the Bangko Sentral ng Pilipinas and the Federal Reserve, as well as economic data releases like inflation, employment, and GDP growth from both countries. Capital flows also play a major role - when investors seek higher returns in US assets, demand for dollars increases and the peso weakens.
Philippine-specific factors include remittance inflows, which are substantial for the Philippines economy, trade balances, and political or economic stability. Risk appetite in global markets can shift money between emerging-market currencies like the peso and safe-haven assets like the US dollar.
Will Philippine Peso get stronger or weaker against US Dollar?
Exchange rate movements depend on many variables and cannot be predicted with certainty. Factors to watch include the policy paths of the Bangko Sentral ng Pilipinas versus the Federal Reserve, inflation trends in both economies, and broader risk sentiment toward emerging markets.
Historical data shows the PHP/USD pair has experienced both appreciation and depreciation periods tied to these fundamental shifts. Rather than forecasting direction, review the chart above to understand past patterns and monitor economic calendars from both central banks to stay informed about potential drivers.
How can I avoid fees when converting PHP to USD?
Fee structures vary significantly across providers - banks, money transfer services, and online platforms each apply different margins and charges on top of the interbank rate. Compare the all-in cost (exchange rate plus fees) across multiple providers rather than focusing on the quoted rate alone, since a slightly worse rate with lower fees may cost less overall.
Some providers offer fee waivers for larger amounts or loyalty customers, so it's worth asking what discounts apply to your specific transfer size. Request a detailed quote showing the exact PHP amount you'll send, the USD amount you'll receive, and all fees itemized separately.
Should I exchange US Dollar at home or abroad?
Exchanging before you travel versus in the destination country involves trade-offs between convenience, rates, and fees that differ by provider and location. Exchanging at a bank or dedicated currency shop in the Philippines before departure gives you certainty about your conversion cost upfront, though rates may include a markup.
Alternatively, using ATMs or exchanging money after arrival in the United States may offer better rates but involves time and effort once you're traveling. Check rates from your home bank, exchange shops, and US banks where you'll be - the true cost depends on the all-in rate plus fees from each option.
How far does Philippine Peso go in the United States?
The purchasing power of peso-denominated savings in the United States depends entirely on the exchange rate at the time of conversion - check the rate panel above to see what one peso equals in US dollars. The cost of living in the United States is substantially higher than in the Philippines across most categories including housing, transportation, and dining, so the same dollar amount goes much further in the Philippines.
If you're moving savings from the Philippines to the US, you'll need to account for both the exchange rate and the higher price levels for goods and services. Currency conversion is just one part of the equation - actual affordability depends on your specific location and lifestyle in the United States.
What is the cheapest way to send PHP to USD?
Sending money from the Philippines to the US involves trade-offs between speed, convenience, and cost that vary by provider and transfer size. Traditional banks offer safety and regulation but often charge higher fees and less competitive rates; specialized remittance services and online platforms like Wise, OFX, or local Filipino remittance networks may offer better rates with lower fees.
The 'cheapest' option depends on comparing the total cost (rate plus all fees) across providers for your specific amount, not just the quoted exchange rate. Larger transfers sometimes qualify for better rates, and some providers waive fees for regular customers or promotional periods, so requesting quotes from multiple providers is essential.
What are the best days to exchange USD to PHP?
Exchange rates move continuously based on market activity, economic data releases, and central bank communications, making it impossible to consistently identify 'best' days in advance. The PHP/USD pair can experience significant intraday volatility around US economic data releases, Federal Reserve announcements, and Bangko Sentral ng Pilipinas policy decisions.
Historical patterns may show certain seasonal trends - for example, higher remittance volumes during holiday periods can affect rates - but past patterns don't guarantee future performance. Rather than trying to time a specific day, focus on your conversion timeline and monitor the chart above to understand current rate levels relative to recent history.
What is the best time to convert USD to PHP?
The optimal timing for converting USD to PHP depends on your personal circumstances and cash flow needs rather than on market prediction, which is not reliable. Factors that influence rates include interest rate differentials between the Federal Reserve and Bangko Sentral ng Pilipinas, economic data from both countries, and shifts in global risk appetite.
If you need Philippine pesos for a specific purpose or date, focus on locking in your conversion at a competitive rate through comparison shopping rather than waiting for an uncertain 'best' moment. Review current pricing in the rate panel and track this pair's recent history using the chart to understand whether current levels are historically strong or weak relative to the past year.
What is the highest USD to PHP in history?
Historical extremes in exchange rates reflect periods of significant economic or political stress, and knowing the absolute highest rate is less useful than understanding the range over relevant timeframes. The PHP/USD pair has experienced various peaks tied to Asian financial crises, emerging market sell-offs, and periods of significant interest rate divergence between the Federal Reserve and Bangko Sentral ng Pilipinas.
Consult the chart above to see the full historical range of rates and identify which periods correspond to major economic events. Using historical highs or lows to make current conversion decisions is not recommended, since rates reflect changing economic fundamentals rather than a 'normal' range.
What is a good exchange rate for USD to PHP?
A 'good' exchange rate is relative to recent history for this pair and varies depending on your conversion direction and timing - check the chart above to see where current rates fall within the recent trading range. Rather than a universal benchmark, evaluate rates by comparing what multiple providers quote for your specific amount today, and whether that compares favorably to where the PHP/USD pair has traded over the past week or month.
The all-in cost (rate plus fees) from a competitive provider is more important than the quoted rate alone, since a slightly worse rate with significantly lower fees may save you money. Consider locking in a conversion when rates align with your financial plan rather than seeking a perfect rate that may never arrive.
What is the highest USD to PHP exchange rate in history?
Historical peaks in the USD/PHP rate reflect periods when the dollar was exceptionally strong relative to the peso due to major economic shocks or policy shifts, and these extremes are less relevant for current conversion decisions. The PHP/USD pair has experienced multiple significant peaks tied to regional financial turmoil, US monetary policy tightening, and capital flow reversals affecting emerging markets.
Review the chart above to examine the full historical range and identify which rate levels have been reached in recent months and years. Analyzing historical highs helps provide context for current pricing, but using absolute historical extremes as a benchmark for 'good' rates is not recommended, since exchange rates move based on changing economic conditions.
Learn more
- BSP - Exchange Rates - Official Bangko Sentral ng Pilipinas daily rates
- World Bank - US to Philippines Remittance Costs - Compare what providers charge for this corridor
How this rate is calculated
We prefer a direct rate from our primary data source when one is available. If a direct quote is unavailable, we compute a cross-rate through a major intermediary currency (usually USD or EUR). When a rate is derived rather than directly quoted, we label it on the page. Full methodology.