USD to PHP Exchange Rate Today
US Dollar to Philippine Peso conversion for the 4+ million Filipino-American community. Track live USD/PHP rates every 30 minutes for remittances, family support, property investments, or supporting relatives in Manila, Cebu, Davao, and across the Philippines.
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Frequently Asked Questions
What is the US Dollar to Philippine Peso exchange rate today?
The USD to PHP exchange rate typically ranges between 55-58 PHP per 1 USD, depending on market conditions, US-Philippines trade flows, and Bangko Sentral ng Pilipinas (BSP) monetary policy. The Philippines receives over $36 billion annually in remittances, making USD/PHP one of the most important currency pairs for the 4+ million Filipino-American community. Our converter updates every 30 minutes with real mid-market rates from OpenExchangeRates.
How can Filipino-Americans send money to the Philippines?
Filipino-Americans have excellent remittance options: dedicated services like Remitly (0.99-2.99% fee, fast transfers), WorldRemit, or Xoom (PayPal-owned, good for bank deposits); traditional providers like Western Union or MoneyGram (higher fees but wide agent network); fintech apps like Wise (0.5-1%, mid-market rates); or bank-to-bank transfers. For monthly family support to Manila, Cebu, or provincial areas, compare total PHP received—differences can be 3-5% of your transfer value.
Why do USD to PHP rates fluctuate?
USD/PHP movements depend on: US Federal Reserve interest rates vs BSP policy, Philippine economic growth and inflation, overseas Filipino worker (OFW) remittance flows ($36B+/year), US-China trade relations (affects Philippine exports), and global risk sentiment. The large remittance corridor creates consistent USD demand in the Philippines. Major events like BSP rate decisions, US inflation reports, or typhoon disasters can cause short-term volatility.
Do US banks give good exchange rates for PHP?
No. US banks (Bank of America, Wells Fargo, Chase) typically charge 4-7% above mid-market for USD to PHP plus $30-50 wire fees—extremely expensive for remittances. Dedicated remittance services are far better: Remitly charges 1-3%, Wise ~0.5-1%, Xoom 1-3%. For a $500 monthly transfer, banks might cost $35-50 total, while Remitly/Wise cost $5-15. For the 4.2 million Filipino-American community, specialized services save hundreds annually.
When is the best time to send dollars to the Philippines?
For regular family support (monthly padala), consistent transfers work best—timing markets rarely helps small amounts. For large transfers (property purchase, bahay construction, business investment), watch for peso weakness: when USD/PHP is above 57-58, you get more pesos per dollar. Monitor Fed meetings, BSP policy announcements, and Philippine economic news. Holiday seasons (Christmas, New Year) often see higher rates due to increased remittance demand.