The exchange rate between the United States Dollar (USD) and the Philippine Peso (PHP) is a vital piece of financial information for a wide range of individuals and businesses. Whether you are sending remittances to family, conducting international trade, or planning a vacation, understanding the current conversion rate and its historical trends can help you make more informed financial decisions. This guide provides a comprehensive overview of the USD/PHP pairing, including the latest live rate, historical data, and key factors that influence currency value.
Current USD to PHP Exchange Rate
The most recent exchange rate is updated frequently to provide accurate information. As of the latest update, the conversion rate is:
1 United States Dollar (USD) = 56.3812 Philippine Pesos (PHP)
This means that for every one US dollar, you would receive approximately fifty-six Philippine pesos. Exchange rates are dynamic and can change multiple times throughout a single day due to the global nature of the foreign exchange market. 👉 View real-time exchange rate tools
How to Convert USD to PHP
Converting US Dollars to Philippine Pesos is a straightforward process. The following table provides a quick reference for common conversion amounts based on the current rate.
| USD Amount | PHP Equivalent |
|---|---|
| 1 USD | 56.38 PHP |
| 2 USD | 112.76 PHP |
| 5 USD | 281.91 PHP |
| 10 USD | 563.81 PHP |
| 15 USD | 845.72 PHP |
| 20 USD | 1,127.63 PHP |
| 25 USD | 1,409.53 PHP |
| 50 USD | 2,819.06 PHP |
For amounts not listed, you can simply multiply the amount of USD by the current exchange rate to find its value in PHP.
Historical USD/PHP Exchange Rate Overview
Examining past performance can offer valuable context for the current rate. The table below shows the recent history of the USD to PHP exchange rate, illustrating its fluctuations over a short period.
| Date | Exchange Rate (1 USD to PHP) |
|---|---|
| Tuesday 01/07/2025 | 56.311 |
| Monday 30/06/2025 | 56.3508 |
| Sunday 29/06/2025 | 56.559 |
| Saturday 28/06/2025 | 56.5847 |
| Friday 27/06/2025 | 56.5882 |
| Thursday 26/06/2025 | 56.6926 |
| Wednesday 25/06/2025 | 56.7318 |
| Tuesday 24/06/2025 | 57.0102 |
| Monday 23/06/2025 | 57.38 |
| Sunday 22/06/2025 | 57.219 |
This historical data demonstrates the natural ebb and flow of the currency market. A variety of economic factors contribute to these daily changes.
Factors Influencing the USD/PHP Exchange Rate
The value of a currency is influenced by a complex interplay of global and local factors. For the USD/PHP pair, key influences include:
- Interest Rates: Decisions by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) on interest rates can significantly impact currency strength. Higher interest rates often attract foreign investment, increasing demand for that currency.
- Economic Data: Reports on economic health, such as GDP growth, employment rates, inflation, and trade balances in both countries, are closely watched by traders and can cause immediate rate movements.
- Political Stability: Political events and the overall stability of a government can affect investor confidence and, consequently, the strength of its currency.
- Remittance Flows: The Philippines is a major recipient of remittances from overseas workers. Large inflows of foreign currency, primarily USD, can affect the peso's value.
- Global Market Sentiment: As a globally traded safe-haven currency, the USD often strengthens during times of international economic uncertainty or market volatility.
Frequently Asked Questions
What is the best way to get a good USD to PHP exchange rate?
Banks and traditional money changers often add significant margins to the mid-market rate you see online. For the best rates, compare services from specialized online currency exchange platforms and remittance services that offer lower fees and more competitive pricing.
How often do USD to PHP exchange rates change?
Exchange rates change constantly throughout the trading day, which runs 24 hours from Sunday evening to Friday evening UTC. The rate can update every few seconds as new trades are executed on the global foreign exchange market.
Why does the exchange rate I get differ from the rate online?
The rate quoted online is typically the mid-market rate, which is the benchmark rate between the USD and PHP. Financial institutions and payment providers add a markup or spread to this rate for their services, which is how they make a profit. This is why the rate you are offered will be slightly different.
Is it better to exchange money before traveling to the Philippines?
It is often recommended to have a small amount of Philippine pesos upon arrival for immediate expenses like transportation. For the bulk of your money, using ATMs in the Philippines or a pre-paid travel card can sometimes offer better rates than exchanging cash in your home country. Always check for associated fees first.
Can I predict the future of the USD/PHP exchange rate?
While experts analyze trends and economic indicators to make forecasts, accurately predicting short-term currency movements is extremely difficult due to the market's volatility and sensitivity to unforeseen global events. It is best to monitor the rates if you have a pending transaction.
Other Popular USD Currency Conversions
The US Dollar is the world's primary reserve currency and is paired with many others. Some of the most frequently tracked USD exchange rates include:
- US Dollar to Euro (USD/EUR)
- US Dollar to British Pound (USD/GBP)
- US Dollar to Japanese Yen (USD/JPY)
- US Dollar to Canadian Dollar (USD/CAD)
- US Dollar to Australian Dollar (USD/AUD)
- US Dollar to Chinese Yuan (USD/CNY)
Staying informed about these and other major pairs can provide a broader view of the US dollar's overall strength in the global market. 👉 Explore more currency strategies