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.
Advertisement
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?
For regular monthly family support (common among European Filipino community), consistent transfers work well—market timing rarely helps small amounts. For large transfers (property in Manila/provinces, bahay construction, medical expenses), watch: ECB rate decisions, Eurozone inflation reports, Philippine Bangko Sentral policy, and EUR/USD movements. Holiday seasons (Christmas, New Year) see increased remittance demand. Rate alert apps help European Filipinos catch favorable EUR/PHP peaks for major transfers.