What is the current USD to PHP exchange rate?

The current mid-market exchange rate is 1 USD = 58.9375 PHP. This rate is updated in real-time. Banks typically add a 2-3% markup, while specialist providers offer rates closer to the mid-market rate.

How can I get the best USD to PHP rate?

To get the best rate, compare FCA-regulated money transfer specialists instead of using your bank. Specialist providers typically charge 0.3-1% vs banks' 2-3% markup. For larger amounts (£1,000+), the savings can be significant.

Is it a good time to convert USD to PHP?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the USD/PHP rate has moved over time. For large transfers, consider setting up rate alerts or using a forward contract to lock in today's rate.

Convert United States Dollars to Philippine Pesos

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USD

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PHP

1 USD = 58.9375 PHP • Mid-market rate

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Historical USD/PHP exchange rate

Rates shown are indicative mid-market rates, updated regularly.

Quick reference: USD to PHP

1 USD → 58.94 PHP

5 USD → 294.69 PHP

10 USD → 589.38 PHP

50 USD → 2,946.88 PHP

100 USD → 5,893.75 PHP

500 USD → 29,468.75 PHP

1,000 USD → 58,937.50 PHP

5,000 USD → 294,687.50 PHP

Currency snapshots

USD — United States Dollar

ISO Code USD

Symbol $

Central Bank Federal Reserve Bank

Common Notes $1, $5, $10, $20, $50, $100

Learn more about USD

PHP — Philippine Peso

ISO Code PHP

Symbol ₱

Central Bank Central Bank of the Philippines

Common Notes ₱20, ₱50, ₱100, ₱200, ₱500, ₱1000

Learn more about PHP

What affects this rate? Interest rate differentials, inflation expectations, and market risk sentiment are the primary drivers.

Convert USD to PHP — live rate

Historical USD/PHP exchange rate

Quick reference: USD to PHP

Real cost of USD → PHP

Estimated savings

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Currency snapshots