![]() Currently the mid-market rate for these currencies is 0.017986. The mid-market rate is determined and agreed upon by global banks, and it’s calculated as the mid-point between the cost of buying and selling both PHP and USD. If you send money with a provider that offers the mid-market rate, this is likely the best rate possible for your transfer, as offering a better rate would mean the provider is making a loss on the transfer. The mid-market or interbank exchange rate is essentially the standard exchange rate for each currency, without any provider costs or rate markups added in. Monitor exchange rates: Sign up for our rate alerts service and receive weekly, bi-weekly, or monthly email updates for your chosen currency directly to your inbox. The current mid-market rate for PHP-USD currency exchanges is 0.017986. This can help you send money between different countries] at the best rate. Monitoring exchange rate fluctuations allows you to spot trends. Keep an eye on the mid-market rate: The PHP-USD exchange rate fluctuates by the minute, and major changes can happen without much notice as rates usually respond to real time events. Understand how exchange rates work: Exchange rates are how much one country's currency is worth in another country's currency, and they fluctuate constantly due to factors such as economic indicators, geopolitical events, and market demand. To secure the best transfer rate, you should: This way, you're not just finding the best provider, but also making the most out of the prevailing market conditions. We also offer tools to monitor exchange rate fluctuations, helping you to identify the optimal timing for your transactions. Our comparison tool is designed to streamline this process and help you compare the rates offered by the best money transfer companies and international money transfer apps, alongside their associated fees and transfer speed. Here on, we give you tools designed specifically to help you navigate through this complexity. The exchange rate is subject to constant fluctuations and the rate offered by different providers can vary significantly, as they often factor in their own fees and charges, making the whole process even more complex. Identifying the best PHP to USD exchange rate can take a bit of work because it involves more than just checking a single number. Purchasing power compared to the Philippine Peso over the last 10 years.How to get the best PHP to US Dollar exchange rate Year to date against the Philippine Peso. Is the US Dollar up or down against the Philippine Peso? The US Dollar is currently stronger than the Philippine Peso given that 1 USD is equal to 55.790 PHP.Ĭonversely, 1 PHP is worth 0.01792 USD. If you execute a trade late in the week, it might not settle until the following week given that forex markets are closed on weekends. Also, it’s best to convert US Dollars to Philippine Pesos early in the week if you need Philippine Pesos urgently. However, the time between 3-4 PM GMT is often a good time to convert US Dollars to Philippine Pesos because currency market liquidity and trading volume tend to be the highest during this time. Exchange rates can fluctuate by the minute while markets are open. The USD and PHP can be traded 24x5 starting from the time markets open on Monday mornings in Sydney all the way to the time markets close on Fridays at 5 pm in New York. When is the best time to convert USD to PHP? In the last 10 years, the highest rate from US Dollars to Philippine Pesos was on Septemwhen each US Dollar was worth ₱59.230. What was the highest USD to PHP exchange rate in the last 10 years? How much is $1,000 in PHP?ġ,000 US Dollars = 55,790 Philippine Pesos as of Janu06:50 PM UTC. Which aggregates real-time forex data from the most authoritative sources. You can get live exchange rates between US Dollars and Philippine Pesos using , USD to PHP Currency Converter - FAQs How much is $1 in PHP?ġ US Dollar = 55.790 Philippine Pesos as of Janu06:50 PM UTC. You’ll now see the value of the converted currency according to the most recent exchange rate. Simply enter the amount of USD you want to convert to PHP in the box labeled "Amount", and you’re done! You can convert US Dollars to Philippine Pesos by using the currency converter in just one easy step. How to Convert US Dollars to Philippine Pesos? To view rates between the US Dollar and the Philippine Peso for a particular year, click on one of the links below.
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