Philippine pesos to United States dollars today
Convert PHP to USD at the mid-market exchange rate. Compare the best money transfer providers and find the cheapest way to send money.
Exchange Rate Trend
PHP to USD Conversion Table
Convert PHP to USD
| PHP | USD |
|---|---|
| ₱1 | $0.02 |
| ₱5 | $0.08 |
| ₱10 | $0.17 |
| ₱25 | $0.42 |
| ₱50 | $0.84 |
| ₱100 | $1.68 |
| ₱500 | $8.42 |
| ₱1,000 | $16.84 |
| ₱5,000 | $84.20 |
| ₱10,000 | $168.39 |
Convert USD to PHP
| USD | PHP |
|---|---|
| $1 | ₱59.3849 |
| $5 | ₱296.9245 |
| $10 | ₱593.8489 |
| $25 | ₱1,484.6223 |
| $50 | ₱2,969.2446 |
| $100 | ₱5,938.4891 |
| $500 | ₱29,692.4456 |
| $1,000 | ₱59,384.8913 |
| $5,000 | ₱296,924.4565 |
| $10,000 | ₱593,848.913 |
About the Philippine Peso (PHP)
The Philippine Peso (PHP) is managed by Bangko Sentral ng Pilipinas. The currency is significantly supported by overseas worker remittances, which are among the highest in the world.
Key Factors That Influence PHP
- OFW remittances
- BSP monetary policy
- BPO industry performance
- Agricultural output
- Foreign investment flows
About the US Dollar (USD)
The United States Dollar (USD) is the world's primary reserve currency and the most traded currency globally. It is issued by the Federal Reserve and is used as the benchmark for commodities like oil and gold.
Key Factors That Influence USD
- Federal Reserve interest rate decisions
- US employment data and GDP growth
- Inflation rates (CPI)
- Global risk sentiment and safe-haven demand
- Trade balance and current account
Understanding the PHP/USD Exchange Rate
The PHP/USD exchange rate tells you how many United States dollars you get for 1 Philippine Peso. This is the mid-market rate, which is the real exchange rate without any markup from banks or money transfer services.
When sending money from Philippine Peso to US Dollar, always compare providers to find the best rate. Different services charge different fees and offer different exchange rates, so comparing can save you money on international transfers.
The exchange rate between PHP and USD fluctuates based on supply and demand in the foreign exchange market. Economic data releases, central bank announcements, and geopolitical events can all cause significant movements in the rate.
Tips for Getting the Best PHP to USD Rate
Whether you're sending money abroad, paying for goods in a foreign currency, or traveling, getting a good exchange rate can save you significant money. Here's how to maximize your USD:
- Compare the mid-market rate: The rate shown on this page is the real exchange rate. Compare any rate you're offered against this to see the true markup.
- Avoid banks and airports: Traditional banks typically charge 3-5% markup, while airport exchanges can charge 10% or more. Online specialists offer much better rates.
- Use specialist money transfer services: Services like Wise, OFX, and Remitly offer rates much closer to the mid-market rate than banks.
- Check total costs, not just rates: Some providers advertise great rates but charge high fees. Always compare the total amount you'll receive.
- Time your exchange: Rates fluctuate constantly. If your transfer isn't urgent, monitor rates and exchange when they're favorable.
- Consider rate alerts: Many services let you set alerts for when the PHP/USD rate reaches your target level.
How PHP/USD Exchange Rates Work
Exchange rates are determined by supply and demand in the global foreign exchange (forex) market, the largest financial market in the world with over $6 trillion traded daily.
Floating vs Fixed Rates: Most major currencies like PHP and USD have floating exchange rates, meaning their value is determined by market forces. Some currencies are pegged to another currency (usually USD) at a fixed rate.
Bid and Ask Prices: In forex markets, currencies are quoted with a bid price (what buyers pay) and ask price (what sellers receive). The mid-market rate shown on this page is the midpoint between these two prices.
Rate Fluctuations: The PHP/USD rate can change every second during trading hours. Major economic announcements, interest rate decisions, and geopolitical events can cause significant moves in either direction.
Frequently Asked Questions About PHP/USD
How do I convert PHP to USD?
To convert PHP to USD: (1) Enter the amount in PHP you want to convert in the calculator above. (2) The calculator will automatically show the equivalent in USD using the live mid-market rate. Current rate: 1 PHP = 0.0168 USD. For the best rates when transferring money, compare providers like Wise, Remitly, and OFX.
What is 1 PHP in USD today?
1 PHP equals 0.0168 USD as of today. This is the mid-market exchange rate, which is the real rate without any bank markup. Rates fluctuate constantly based on market conditions, so check back regularly for updates.
Is the PHP going up or down against USD today?
The PHP/USD exchange rate fluctuates throughout the day based on market conditions. Today's rate is 1 PHP = 0.0168 USD. Check our historical chart above to see the trend over the past day, week, month, or year to understand whether PHP is strengthening or weakening against USD.
What is the best time to buy USD with PHP?
The best time to exchange PHP to USD depends on market conditions. Generally, rates tend to be more favorable during overlapping trading hours between major financial centers (London, New York, Tokyo). Avoid exchanging during weekends or bank holidays when spreads may be wider. Use our historical chart to identify trends and consider setting up rate alerts.
Why is PHP falling or rising against USD?
Exchange rates between PHP and USD are influenced by: interest rate differentials between central banks, inflation rates, GDP and economic growth data, trade balances, political stability, and global market sentiment. Major announcements from the Federal Reserve, ECB, or other central banks can cause significant short-term movements in the PHP/USD rate.
How can I get the best PHP to USD exchange rate?
To get the best PHP/USD rate: (1) Compare rates from multiple providers - banks typically charge 3-5% markup. (2) Use specialist services like Wise, Remitly, or OFX which offer near mid-market rates. (3) Avoid airport and hotel exchanges which have the highest markups. (4) Check for hidden fees in addition to the exchange rate. (5) Consider a multi-currency account for frequent exchanges.
What is the mid-market rate for PHP/USD?
The mid-market rate (also called the interbank rate) is the midpoint between buy and sell prices in global currency markets. The current mid-market rate is 1 PHP = 0.0168 USD. This is the "real" exchange rate without any bank markup. Compare any rate you're offered against this mid-market rate to see the true cost of your exchange.