US Dollar to Philippine Peso Exchange Rate Today (Live Rates & Comparison)
Live US dollar to Philippine peso exchange rate today — see the current USD to PHP rate, compare it across providers, and find the best rate for your transfer. Updated every 30 minutes.
Last updated: June 2026 · Rates refresh every 30 minutes
USD to PHP exchange rate today is approximately 61.28 PHP per USD (mid-market). If you're looking for the best USD to PHP exchange rate, comparing providers like Wise, Remitly, and others helps you get the highest value. Check USD to PHP exchange rate or Send money to Philippines.
Common questions users search
- What is the best USD to PHP exchange rate today?
- How to get the highest USD to PHP rate?
- Which provider gives best USD to PHP rate?
- How to send money to Philippines from USA?
- What is the cheapest way to send money to Philippines?
Live USD to PHP exchange rate today
The USD to PHP mid-market rate shown above is the interbank rate — the rate banks use when trading with each other. This is the fairest reference point for the exchange rate. When you send money through a provider, they apply a small margin on top of this rate.
* Provider rates are estimated. Actual rates vary. Always verify on provider's website before sending.
USD to PHP exchange rate — 2026 historical data
The USD to PHP rate has fluctuated significantly in 2026, driven by Middle East geopolitical tensions, oil price volatility, and BSP monetary policy decisions.
2026 high
61.97 PHP
May 19, 2026
2026 average
59.89 PHP
Year to date
2026 low
57.54 PHP
Feb 25, 2026
ⓘ 2026 context: The Philippine peso breached the 61 per USD level in late April 2026 due to Middle East tensions disrupting oil supply chains. As a major oil importer, the Philippines is sensitive to oil price shocks which increase import costs and pressure the peso. The BSP raised its policy rate by 25bps to 4.5% in April 2026 to combat inflation.
USD to PHP rate — recent context
The USD to PHP exchange rate typically moves within a range of 1–2% over a 7-day period under normal market conditions. Short-term movements are driven by:
- ▸US economic data: Jobs reports, inflation (CPI), and Federal Reserve statements can strengthen or weaken the USD within hours.
- ▸BSP decisions: The Bangko Sentral ng Pilipinas (BSP) sets interest rates that directly affect PHP strength.
- ▸Global risk sentiment: During periods of global uncertainty, investors move to USD, which typically strengthens it against PHP.
- ▸Remittance flows: High remittance months (e.g. before Christmas) increase PHP demand as senders convert USD.
Best USD to PHP exchange rate by provider
Different providers offer different USD to PHP rates. The gap between the best and worst provider on a $1,000 transfer can mean ₱1,500–₱2,500 difference in what your recipient receives.
For example, sending $1,000 USD can give you between ₱58,800 to ₱59,400 depending on the provider, fees, and exchange rate margin.
| Provider | Rate type | Margin | Best for |
|---|---|---|---|
| Wise | Mid-market | 0.4–0.6% | Best overall rate |
| XE | Near mid-market | 0.5–1% | Large transfers |
| Remitly | Promotional rate | 1–3% | Speed + first-timers |
| WorldRemit | Variable | 1.5–3% | Mobile wallet delivery |
| Western Union | Variable | 2–4% | Cash pickup |
| Your bank | Bank rate | 3–5%+ | Not recommended |
💡 See live rates right now: RateMigo updates provider rates every 30 minutes. Compare live USD to PHP rates →
Wise vs Remitly for USD to PHP
- ✓ Mid-market rate (0.4-0.6% margin)
- ✓ Bank deposit only
- ✓ 1-2 business days
- ✓ Best for: Maximum PHP received
- ✓ 1-3% margin (higher than Wise)
- ✓ GCash + Maya supported ✅
- ✓ Minutes (Express)
- ✓ Best for: Urgent transfers + wallets
Bottom line: Use Wise for maximum PHP. Use Remitly if your recipient uses GCash or Maya, or needs money urgently. Always compare live on RateMigo.
USD to PHP conversion table today
Based on today's mid-market rate of approximately 1 USD = 61.28 PHP:
| USD amount | Mid-market (PHP) | With Wise (PHP) | With bank (PHP) |
|---|---|---|---|
| $10 | ₱612 | ₱608 | ₱587 |
| $25 | ₱1,532 | ₱1,523 | ₱1,467 |
| $50 | ₱3,064 | ₱3,045 | ₱2,934 |
| $100 | ₱6,128 | ₱6,091 | ₱5,867 |
| $200 | ₱12,256 | ₱12,182 | ₱11,735 |
| $500 | ₱30,640 | ₱30,455 | ₱29,338 |
| $1,000 | ₱61,280 | ₱60,910 | ₱58,675 |
| $2,000 | ₱1,22,560 | ₱1,21,820 | ₱1,17,350 |
| $5,000 | ₱3,06,400 | ₱3,04,552 | ₱2,93,376 |
| $10,000 | ₱6,12,800 | ₱6,09,104 | ₱5,86,752 |
* Approximate figures based on current mid-market rate. Wise figures estimated at 0.6% margin. Bank figures estimated at 4.5% margin + fees. Use RateMigo for live exact amounts.
How to get the highest USD to PHP exchange rate
- ▸Use Wise or XE: These providers offer the closest rates to the mid-market rate. On a $1,000 transfer, choosing Wise over a bank can mean ₱2,000+ more for your recipient.
- ▸Fund via bank transfer (ACH): Paying by credit card adds 1.5–2% on most platforms. Always use ACH bank transfer to avoid this surcharge and preserve your rate.
- ▸Compare before every transfer: Rates shift daily. The best provider this week may not be the best next week. Always check RateMigo before sending.
- ▸Avoid airport and bank kiosks: Physical currency exchange desks apply the worst rates — often 5–8% below mid-market. Always use digital providers for international transfers.
- ▸Send larger amounts less frequently: Fixed fees have less impact on larger transfers. Sending $1,000 once is almost always cheaper per dollar than sending $200 five times.
USD to PHP exchange rate forecast
Predicting short-term exchange rate movements is genuinely difficult — even professional currency traders get it wrong. That said, here are the key factors that analysts watch for USD/PHP direction:
- ▸US interest rates: If the Federal Reserve keeps rates high or raises them, USD tends to strengthen against PHP.
- ▸Philippine inflation: High inflation in the Philippines typically weakens PHP, which would mean more PHP per USD for senders.
- ▸OFW remittance volumes: Strong remittance inflows increase demand for PHP, which can support the peso against the dollar.
- ▸Global trade conditions: As a trade-dependent economy, the Philippines is sensitive to global slowdowns which can pressure PHP.
Our recommendation: If you need to send money, don't try to time the market. Compare providers today, use the best rate available, and send. The difference between providers is often larger than short-term rate movements.
Frequently asked questions — USD to PHP exchange rate
What is the USD to PHP exchange rate today?+−
The live mid-market USD to PHP exchange rate is shown at the top of this page and updates in real time. The rate you receive from a money transfer provider will be slightly lower due to their margin — typically 0.3–2% depending on the provider.
What is the highest USD to PHP exchange rate available today?+−
The highest USD to PHP rate available today depends on which provider has the lowest margin. Wise consistently offers the closest rate to the mid-market rate. Check RateMigo's live comparison to see which provider is offering the most PHP per dollar right now.
Why is my bank's USD to PHP rate lower than the mid-market rate?+−
Banks and transfer providers add a margin on top of the mid-market rate — this is how they make money. The mid-market rate you see on RateMigo is the "real" rate. Banks typically apply a 3–5% margin, while digital providers like Wise apply just 0.3–0.6%.
Will the USD to PHP rate go up or down?+−
Exchange rates are influenced by many factors including US Federal Reserve decisions, Philippine central bank (BSP) policy, oil prices, and global risk sentiment. No one can predict short-term movements with certainty. If you need to send money, comparing providers today ensures you get the best available rate right now.
What is the best USD to PHP exchange rate today?+−
The best rate depends on provider fees and margins. Comparing providers helps maximize value.
Why do USD to PHP exchange rates change daily?+−
Exchange rates change due to global demand, economic conditions, and currency markets.
What is the USD to PHP exchange rate history in 2026?+−
The USD to PHP rate has ranged from a low of 57.54 PHP (February 25, 2026) to a high of 61.97 PHP (May 19, 2026) in 2026. The average rate year-to-date is approximately 59.89 PHP per dollar. The peso weakened significantly in April-May 2026 due to Middle East geopolitical tensions affecting oil prices and the Philippine economy.
How much is $1,000 USD in Philippine pesos today?+−
At today's mid-market rate of approximately 61.28 PHP per USD, $1,000 USD equals approximately ₱61,280 PHP. The exact amount you receive depends on your provider — Wise typically delivers around ₱60,910 after fees, while banks may deliver ₱58,000-59,000 due to higher margins. Use RateMigo to see today's exact amounts from each provider.
Is it a good time to send money from USD to PHP?+−
The current USD to PHP rate of approximately 61.28 is near 2026 highs, meaning OFWs and US-based senders are getting more pesos per dollar than earlier in the year. However, timing the market is risky — the difference between choosing the right provider can be larger than waiting for rate movements. Compare providers on RateMigo and send when you're ready.
Ready to send USD to PHP at the best rate?
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