Current USD-PHP mid-market exchange rate

Find the cheapest provider for your next USD-PHP transfer

Total cost
5.59 USD

Total cost
1.56 USD

Total cost
10.52 USD

Total cost
6.62 USD

Total cost
6.79 USD

Total cost
7.19 USD

Total cost
8.01 USD

Total cost
8.29 USD

Total cost
16.81 USD


Today's USD-PHP commentary

The USD-PHP exchange rate is currently near its maximal level of the past 2-week period. The maximal level during this timeframe was USD 1 = PHP 54.2974 (the current rate of USD 1 = PHP 54.2654 is only 0.06% less than that), attained yesterday at 3:15 PM. Over the last 14 days, 1 USD was on average equal to 54.0896 PHP, the current mid-market is valued at 0.32% more than this. For a 500 USD transfer, it would be circa 87.87 PHP added to the amount received by the recipient.


USD Profile

Name: United States dollar

Symbol: $

Minor Unit: 1/100 Cent

Central Bank: Federal Reserve Bank

Country(ies): United States, American Samoa

Rank in the most traded currencies: #1

PHP Profile

Name: Philippine piso

Symbol:

Minor Unit: 1/100 Sentimo

Central Bank: Central Bank of the Philippines

Country(ies): Philippines



The US Dollar ($) and the Philippine Peso (₱) are both important currencies. While the US Dollar is the most traded currency in the world, the Philippine Peso isn't in the top 20, but is nonetheless one of the important (and most stable) currencies in Asia.

The United States is obviously the home of the US Dollars, where they are issued by the Federal Bank of the United States, but USD are also used as official currency in 23 other countries. On the other hand, you will find Philippine pesos only in the Philippines, under the control of the Central Bank of the Philippines.

There are a lot of reasons to exchange USD for PHP. More than 3 million Filipinos living in the United States and a lot of them regularly send money back to the Philippines, and a lot of US citizens have ties with the Philippines or go on holidays there.

The Philippine Peso is divided in sentimos (100 sentimo = 1 peso), and it's main denominations are ₱20, ₱50, ₱100, ₱200, ₱500, ₱1000, while the US Dollars minor unit are cents, with the banknotes of following values : $1, $5, $10, $20, $50, $100.