Exchange rate usd dollar to philippine peso

The safe and easy way to exchange USD to PHP

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On this page convert USD to PHP using live currency rates as of 08/12/2022 11:09. Includes a live currency converter, handy conversion table, last 7 days exchange rate history and some live Dollars to Philippine Pesos charts. Invert these currencies?

Use this currency calulator for live currency conversions as you type.

(USD) US Dollar 1 USD = 55.3816 PHP

Philippine Peso (PHP) 1 PHP = 0.0181 USD

Countries using this currency: American samoa, British indian ocean territory, Ecuador, El salvador, Guam, Haiti, Marshall islands, Northern mariana islands, Palau, Panama, Puerto rico, Timor-leste, Turks and caicos islands, United states, United states minor outlying islands, Virgin islands (british), Virgin islands (u.s.),

US Dollar to Philippine Peso Exchange Rate

55.90 PHP/1 USD for Dec 06 2022

• Overview
• Interactive Chart

Level Chart

Basic Info

US Dollar to Philippine Peso Exchange Rate is at a current level of 55.90, down from 55.96 the previous market day and up from 50.43 one year ago. This is a change of -0.11% from the previous market day and 10.85% from one year ago.

ReportECB Euro Exchange RatesCategoryForeign Exchange

RegionPhilippinesSourceEuropean Central Bank

Stats

Last Value55.90Latest PeriodDec 06 2022Last UpdatedDec 7 2022, 14:04 ESTNext ReleaseAverage Growth Rate0.28%

Value from The Previous Market Day55.96Change from The Previous Market Day-0.11%Value from 1 Year Ago50.43Change from 1 Year Ago10.85%FrequencyMarket DailyUnitPHP to 1 USDAdjustmentN/AFormulaEuro to Philippine Peso Exchange Rate / Euro to US Dollar Exchange Rate

If you plan to visit the Philippines in the near future, you may want to convert USD to PHP. While most big Philippine cities have a high level of credit card acceptance, experts recommend that you have some emergency cash on hand—especially if you’re traveling to areas outside major towns and cities.

Here’s what you need to know before converting U.S. dollars into Philippine pesos, including how to make the conversion and where you’ll find the best exchange rates.

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How to convert U.S. Dollars to Philippine Pesos

There are two ways to calculate approximately how many Philippine pesos you can get for your dollar: You can either use a conversion calculator or convert it by hand. Here’s a closer look at each method.

1. Use a Currency Calculator

Using a currency conversion calculator is a great way to estimate how much money you’ll have to spend on your trip. Since exchange rates change often, using a calculator will help ensure that your conversion is correct.

Keep in mind that exchanging currency typically comes with fees that won’t be factored in by a calculator. For example, most credit card processors and ATM networks charge a 1% conversion fee on all foriegn transactions. Individual merchants may also pass along their own fees if you ask them to convert a price into your home currency at the cash register.

2. Calculate It Manually

The other option is to calculate the conversion manually. However, before you can get started, you need to know the current exchange rate. At the time of writing, $1 USD is equivalent to ₱ 54.92 PHP.

Manual Currency Conversion Example

Say that you have $500 USD and you want to know how much money you would have for a trip to the Philippines. In that case, your conversion equation would look something like this:

$500 USD x 54.92 = ₱ 27,460 PHP

How to Buy Philippine Pesos

Exchange at a bank or credit union before your trip: Exchanging money at your local banking center before your trip is likely the most cost-effective way to get the money you need. Since you have an existing relationship with the bank, it’s more likely to give you the best exchange rates. Still, some fees may apply. For example, TD Bank charges its customers $7.50 for each currency conversion transaction.

Order currency online: If you can’t order online through your bank, you can also have currency delivered to your door by third-party providers like Currency Exchange International (CXI). Just be sure to do your research and to keep an eye out for high fees. While CXI doesn’t charge any exchange fees, it will charge you up to $30 for overnight shipping,

Use your bank’s ATM abroad for withdrawals where possible: If you have to exchange more money while abroad, your best bet is to find an ATM in your home bank’s network, as that can help you save on fees. For example, Citibank and HSBC have ATMs in the Philippines. Most banking apps have an “ATM locator” feature that can help you find the closest option.

Look for SM Mall department stores: This popular department store chain in the Philippines has a currency exchange counter inside. However, exchange rates may vary by store. SM Mall suggests calling customer service at (02)8811-0000 beforehand to confirm rates at nearby locations.

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