Convert PHP to USD
Convert Philippine Pesos to US Dollars at the mid-market rate.
PHP → USD
How PHP → USD pricing works
The mid-market rate is the midpoint between what buyers and sellers are currently paying for PHP against USD. It is the rate you see on Google or Reuters, and it is the only rate with no one's margin inside it.
On business payments the headline fee is usually the smaller cost. The margin added to the PHP/USD rate scales with the size of the invoice, so on a large transfer a fraction of a percent outweighs any flat charge. Correspondent banks in the chain may also deduct their own fees before the money arrives.
Price a supplier payment on the US Dollars that reaches their account, and ask whether the quoted rate is the mid-market rate or a marked-up one.
Before you convert PHP to USD
Check the rate you are being offered against the mid-market rate for PHP/USD. The gap between the two is the margin, and it is charged whether or not a separate fee appears.
Then check the total: the US Dollars figure at the end, after every fee and the rate margin. Providers present costs differently, and the received amount is the only comparison that survives that.
Finally check how it arrives and when — the payout rail and the settlement time — because the cheapest quote is not always the one that lands in time.
Common questions
- What is the real PHP to USD exchange rate?
- The real rate is the mid-market rate — the midpoint of current buy and sell prices for PHP against USD, with no margin added. The calculator on this page quotes against that rate, so any difference you see between providers is margin.
- Why is my bank's PHP to USD rate worse?
- Banks typically apply a margin to the exchange rate rather than charging a visible conversion fee. You are paying for the conversion either way; on a bank transfer the cost is inside the rate, which makes it harder to compare against a provider that quotes the mid-market rate and a separate fee.
- How much US Dollars will I get for 50,000 PHP?
- It depends on the live rate and on what each provider adds to it. Enter the amount in the calculator above to see the current mid-market conversion from Philippine Pesos to US Dollars alongside what the major providers would deliver on the same amount.