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 =
62,442.50PHP
1 PHP = 0.016 USD
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Compare money transfer service fees for the best rates
USD to PHP conversion table
Common amounts at the current mid-market rate of 1 USD = 62.44 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 = 62.44 PHP, a perfect conversion of 1,000 USD would be 62,443 PHP. Here is what 16 services would really send, fee and exchange-rate margin included.
On 1,000 USD, the gap between the best and worst option here is 2,080 PHP — 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, not a live quote — promotional offers and payment method can change it. Check the provider before sending. Rows marked est. use the provider's general figure, and USD est. one measured for USD sends but not for PHP specifically. Neither is ranked cheapest.
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, since 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, which is 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?
California Filipinos sending $500 monthly maximize value when dollar exceeds ₱57, gaining ₱28,500 versus ₱27,000 at ₱54. Filipino Americans (4.2M community, largest Asian diaspora) remit $36B annually to Manila, Cebu, Davao families. Peso depreciation trends favor conversions. Monthly $500 padala yields ₱1,500 more at ₱57 versus ₱54, 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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