About Philippines

The Philippines is the world’s third largest remittance recipient with approximately $28 billion sent to the country in year 2015. Over 10 million Filipinos work overseas in various sectors across the globe. They send their hard-earned money back home through various channels counting to about 10% of Gross Domestic Product of the Philippines.

This has surged the remittance market in the Philippines and many of the world’s leading money transfer operators and banks provide their services for remittance in the Philippines. You can conveniently explore various options available to send money to the Philippines at the most reliable and innovative remittance platform - Exchange Rate IQ.

Exchange Rate IQ lists various remittance service providers with their exchange rate, remittance fee, transfer time, pay-in & pay-out options etc. You can get an estimated value in Philippine Peso (PHP) for your remittance amount beforehand. Exchange Rate IQ helps you get more transparency

Top Money Transfer Services To Send Money To Philippines

transferwise's Reviews
42756 reviews

1 USD = 53.47 PHP

money2anywhere's Reviews
3 reviews

1 USD = 53 PHP

wellsfargo's Reviews
47 reviews

1 USD = 52.61 PHP

worldremit's Reviews
18977 reviews

1 USD = 52.28 PHP

One offers available
Special Offer First Transfer Free - No fee for the First Time users !!
pangeamoneytransfer's Reviews
587 reviews

1 USD = 52.2 PHP

One offers available
Special Offer Get a $30 bonus to all new users!
transfast's Reviews
2513 reviews

1 USD = 52.1 PHP

placid's Reviews
609 reviews

1 USD = 52.05 PHP

One offers available
Special Offer New Customers Get $25.00 Amazon.com gift card when you send at least $100.00
ria's Reviews
1748 reviews

1 USD = 52.05 PHP

One offers available
Special Offer Complete your first money transfer with Ria and get a $10 Amazon Gift Card
remitly's Reviews
9283 reviews

1 USD = 51.98 PHP

One offers available
Special Offer Your first 5 Express transfers are FREE! and Plus get a $30 gift card on your first transfer of $100
klinnk's Reviews
0 reviews

1 USD = 49.39 PHP

One offers available
Special Offer New Customer : get a $0 fee on first transaction and 40 centavos extra per dollar.
instarem's Reviews
1011 reviews

1 USD = 53.32 PHP

Transfer Type And Modes

Pay In Options

 Bank
 Cash
 Credit Card
 Debit Card
 Mobile Money

Pay Out Options

 Bank
 Cash
 Home Delivery
 Mobile Money

Service Mode

 Online

Historical Mid Market Exchange Rate From US Dollar (USD) to Peso (PHP)

Current Exchange Rate(Mid Market) :- 53.335 PHP/USD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion USD To PHP

Send US Dollar To PHILIPPINES Receive Peso
1 USD TO PHP 53.335
50 USD TO PHP 2666.75
100 USD TO PHP 5333.5
250 USD TO PHP 13333.75
500 USD TO PHP 26667.5
1000 USD TO PHP 53335
5000 USD TO PHP 266675
10000 USD TO PHP 533350

Click To Compare Money Transfer Services For The Following

EUR USD INR PHP CAD AUD MXN CNY
USD 0.86119 1.00000 67.84500 53.33500 1.33025 1.35425 20.29048 6.49520
GBP 1.14061 1.32446 89.85788 70.63999 1.76186 1.79365 26.87390 8.60262
AUD 0.63591 0.73841 50.09770 39.38331 0.98228 1.00000 14.98278 4.79615
CAD 0.64739 0.75174 51.00169 40.09397 1.00000 1.01805 15.25314 4.88269
EUR 1.00000 1.16119 78.78088 61.93202 1.54467 1.57255 23.56109 7.54216