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US Dollar to Philippine Peso Exchange Rate
Mid-market USD/PHP rate — the fairest rate, before provider markups.
61.7277PHP
1 USD = 61.7277 PHP
1 PHP = 0.01620 USD
Source: median of multiple independent feeds. For indicative purposes only.
USD to PHP Conversion Table
100 USD
6,172.77 PHP
500 USD
30,863.84 PHP
1,000 USD
61,727.68 PHP
5,000 USD
308,638.4 PHP
10,000 USD
617,276.8 PHP
25,000 USD
1,543,191.99 PHP
50,000 USD
3,086,383.99 PHP
100,000 USD
6,172,767.98 PHP
Based on mid-market rate. Actual provider rates will differ — compare below.
Compare USD to PHP Transfer Rates
What you'd actually receive sending 1,000 USD via each provider today.
62,986.92
PHP received
Paysend
Rate 61.7092 · No fee · 2 days
61,709.16
PHP received
InstaReM
Rate 61.6351 · No fee · 1-3 business days
61,635.09
PHP received
TapTap Send
Rate 61.4005 · No fee · Under 3 minutes (95% of transfers)
61,400.52
PHP received
Revolut
Rate 61.4376 · 1.50 USD fee · 0-1 days
61,345.4
PHP received
CurrencyFair
Rate 61.3697 · 1.30 USD fee · 0-6 days
61,289.88
PHP received
Wise
Rate 61.7277 · 8.26 USD fee · 4h 24m
61,217.81
PHP received
WorldRemit
Rate 61.2647 · 0.99 USD fee · 0-3 days
61,204.07
PHP received
| Provider | Rate | Fee | You Receive | Speed |
|---|---|---|---|---|
| Xoom (PayPal)Best rate | 62.9869 | Free | 62,986.92 PHP | Minutes to 3 days |
| Paysend | 61.7092 | Free | 61,709.16 PHP | 2 days |
| InstaReM | 61.6351 | Free | 61,635.09 PHP | 1-3 business days |
| TapTap Send | 61.4005 | Free | 61,400.52 PHP | Under 3 minutes (95% of transfers) |
| Revolut | 61.4376 | 1.50 USD | 61,345.4 PHP | 0-1 days |
| CurrencyFair | 61.3697 | 1.30 USD | 61,289.88 PHP | 0-6 days |
| Wise | 61.7277 | 8.26 USD | 61,217.81 PHP | 4h 24m |
| WorldRemit | 61.2647 | 0.99 USD | 61,204.07 PHP | 0-3 days |
Understanding the USD/PHP Exchange Rate
The Philippines receives over $35 billion in remittances annually, making the USD/PHP corridor one of the busiest in the world. The Bangko Sentral ng Pilipinas (BSP) allows the peso to float relatively freely, though it intervenes to smooth excessive volatility. GCash and Maya (formerly PayMaya) have transformed the receiving side, letting recipients access funds instantly via mobile wallet.
Key things to know
- GCash and Maya wallet payouts are near-instant and increasingly preferred over bank deposits
- Cash pickup remains important — Cebuana Lhuillier and M Lhuillier have thousands of locations nationwide
- Competition on this corridor is fierce, keeping markups lower than many Asian routes
- BSP interest rate decisions and US Fed policy are the main rate drivers
Tip
If your recipient has GCash, prioritise providers that support wallet payout — it's faster than bank deposit and avoids any inter-bank delays.
USD/PHP Rate History
Track how provider rates have changed over time. See which providers consistently offer the best USD to PHP rates.
How we calculate the USD/PHP mid-market rate
The mid-market rate is the midpoint between the buy and sell prices on global currency markets — it's the fairest exchange rate available. We aggregate data from 4 independent sources and take the median value, which eliminates outliers and provides a more reliable rate than any single source.
When a money transfer provider quotes you a rate, compare it against the mid-market rate shown on this page. The difference is the provider's markup — their profit on the currency conversion. On the USD/PHP pair, the best providers typically mark up by 0.2–0.8%, while banks can mark up by 2–5%.
Related Exchange Rates
Frequently asked questions about USD to PHP
What is the mid-market USD/PHP exchange rate today?
The mid-market rate for USD to PHP today is 61.7277, meaning 1 US Dollar buys 61.7277 Philippine Peso. The inverse rate is 1 PHP = 0.01620 USD. This is the interbank reference rate — money transfer providers apply a markup above this, so the rate you receive will be slightly lower.
What moves the USD/PHP exchange rate?
GCash and Maya wallet payouts are near-instant and increasingly preferred over bank deposits. Cash pickup remains important — Cebuana Lhuillier and M Lhuillier have thousands of locations nationwide. The Philippines receives over $35 billion in remittances annually, making the USD/PHP corridor one of the busiest in the world.
Which provider offers the best US Dollar to Philippine Peso rate?
Based on today's quotes, Xoom (PayPal) is offering the best USD to PHP rate — sending 1,000 USD gives your recipient 62,986.92 PHP. Rankings shift daily, so compare the full table above before every transfer. If your recipient has GCash, prioritise providers that support wallet payout — it's faster than bank deposit and avoids any inter-bank delays.
How much does it cost to convert US Dollar to Philippine Peso?
The total cost of a USD to PHP transfer has two parts: the exchange rate markup (the gap between the mid-market rate and the provider's rate) and any flat fee. The best specialist providers on this corridor typically charge a markup of 0.2–0.8% plus a small flat fee, while banks can add 2–5% in markup. The table above shows you exactly how much PHP your recipient would receive from each provider on a 1,000 USD transfer.