EUR to PHP Exchange Rate Today
Euro to Philippine Peso conversion for the 750,000+ Filipino diaspora in Europe. Track live EUR/PHP rates every 30 minutes for remittances from Italy, Spain, Germany, France to Manila, Cebu, Davao—healthcare workers, caregivers, and maritime professionals supporting families.
Loading comparison...
Compare money transfer service fees for the best rates
Frequently Asked Questions
What is the Euro to Philippine Peso exchange rate?
The EUR to PHP exchange rate typically ranges between 60-64 PHP per 1 EUR. The Eurozone has a significant Filipino diaspora (750,000+), particularly in Italy, Spain, Germany, and France, making EUR/PHP an important remittance corridor. The strong euro gives European Filipinos excellent purchasing power when sending money home. Exchange rates depend on ECB monetary policy, Philippine economic conditions, and EUR/USD movements. Our converter updates every 30 minutes with real mid-market rates from OpenExchangeRates.
How can Filipinos in Europe send money to the Philippines?
European Filipinos have excellent remittance options: Remitly (very popular across Europe, fast PHP transfers), Wise (competitive mid-market rates), WorldRemit (instant to Philippine banks, GCash), Xoom, Western Union or MoneyGram (extensive agent network); digital wallets (GCash, PayMaya increasingly popular); or European-Philippine specialized services. For Filipino communities in Rome, Milan, Madrid, Barcelona, Paris, Frankfurt, sending to Manila, Cebu, or provinces, compare total PHP received—differences can be 2-4% between providers.
Do European banks give good exchange rates for Philippine pesos?
No. European banks typically charge 3-5% above mid-market for EUR to PHP conversions plus €15-30 transfer fees. German banks (Deutsche Bank, Commerzbank), French banks (BNP Paribas, Société Générale), Italian banks (Intesa Sanpaolo, UniCredit), and Spanish banks (BBVA, Santander) all offer poor rates. Dedicated remittance services are far superior: Remitly charges 1-3%, Wise ~0.5-1%, WorldRemit 1-3%. For the 750,000+ Filipino diaspora in Europe, specialized services save 50-70% compared to banks.
Why is the euro strong against the Philippine peso?
EUR strength (1 EUR ≈ 60-64 PHP) reflects: Eurozone's developed economy status, ECB credible monetary policy, euro's global reserve currency role, and Germany/France economic power. The Philippines, while growing, faces higher inflation and developing economy challenges. For European Filipinos working in healthcare, hospitality, domestic work, or maritime sectors, this means strong remittance purchasing power—your euros buy substantially more pesos than local purchasing power suggests.
When is the best time to send euros to the Philippines?
Milan Filipinos sending €500 monthly maximize value when euro exceeds ₱62, gaining ₱31K versus ₱30K at ₱60. Filipino diaspora in Europe (750,000+ in Italy, Spain, Germany) remits €3B annually to Manila, Cebu, Davao families. Peso depreciation trends favor conversions. Converting at ₱62 rather than ₱60 gains ₱1K monthly on €500 transfers—substantial for Rome or Barcelona Filipino workers (healthcare, domestic, maritime sectors) supporting family expenses, home construction, or Manila real estate (BGC, Quezon City) synchronized with ECB announcements and holiday remittance peaks.