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.
1000 USD =
62,985.50PHP
1 PHP = 0.0159 USD
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USD to PHP conversion table
Common amounts at the current mid-market rate of 1 USD = 62.99 PHP.
Mid-market rate: the midpoint banks trade at, before any provider adds a margin. What you actually receive is below.
What you actually get for 1,000 USD
Nobody converts at the mid-market rate. At 1 USD = 62.99 PHP, a perfect conversion of 1,000 USD would be 62,986 PHP. Here is what 12 services would really send, fee and exchange-rate margin included.
On 1,000 USD, the gap between the best and worst option here is 2,271 PHP for the same money, converted on the same day. That difference is the fee plus the margin each service builds into its rate, and it is the only part of this page you can do anything about. How exchange-rate markups work.
Typical pricing for a bank-funded transfer to a bank account, not a live quote. Promotional offers and payment method can change it. Check the provider before sending. Where we price a service from its own recent quotes, its row uses the fee and rate margin from that quote. Some services we price from their own quotes are not in this table, because their quote for this pair depends on a payment or delivery choice or we hold none for it, so “cheapest” is among the services shown. Each is priced on its own calculator.
Frequently Asked Questions
What is the US Dollar to Philippine Peso exchange rate today?
On October 16, 2026, the USD to PHP mid-market rate was 1 USD = 62.99 PHP. USD/PHP moves with 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. Mid-market rates in the converter above update every 30 minutes.
How can Filipino-Americans send money to the Philippines?
Filipino-Americans have excellent remittance options: dedicated services like Remitly, WorldRemit, or Xoom (PayPal-owned); traditional providers like Western Union or MoneyGram (wide agent network); fintech apps like Wise; or bank-to-bank transfers. For monthly family support to Manila, Cebu, or provincial areas, compare total PHP received, since services can differ noticeably in what they deliver.
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 build a markup into their USD to PHP rate on top of a wire fee, which makes them expensive for remittances. Dedicated remittance services such as Remitly, Wise and Xoom are the usual alternative. On a $500 monthly transfer, compare what each service delivers in pesos before you send. For the 4.2 million Filipino-American community, specialized services are usually the cheaper route.
When is the best time to send dollars to the Philippines?
California Filipinos sending $500 monthly maximize value when the dollar strengthens: a 5% better rate adds $25 in value to each transfer. Filipino Americans (4.2M community, largest Asian diaspora) remit $36B annually to Manila, Cebu, Davao families. Peso depreciation trends favor conversions. Over a year, that 5% adds $300 in value to a $500 monthly padala, valuable for the Los Angeles or San Francisco Filipino diaspora supporting family needs, bahay construction, education expenses, or Manila property investments (BGC, Makati, Quezon City) timed around BSP policy announcements and Christmas remittance surges.
Popular PHP Currency Pairs
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