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
44776 reviews

1 USD = 53.5 PHP

money2anywhere's Reviews
3 reviews

1 USD = 52.91 PHP

wellsfargo's Reviews
48 reviews

1 USD = 52.54 PHP

pangeamoneytransfer's Reviews
658 reviews

1 USD = 52.25 PHP

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

1 USD = 52.24 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
1939 reviews

1 USD = 52.24 PHP

One offers available
Special Offer Complete your first money transfer with Ria and get a $10 Amazon Gift Card
worldremit's Reviews
20662 reviews

1 USD = 52.2 PHP

One offers available
Special Offer First Transfer Free - No fee for the First Time users !!
transfast's Reviews
2515 reviews

1 USD = 52.18 PHP

remitly's Reviews
10188 reviews

1 USD = 52.06 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
instarem's Reviews
1142 reviews

1 USD = 53.49 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) :- 53.494 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 53.494
50 USD TO PHP 2674.7
100 USD TO PHP 5349.4
250 USD TO PHP 13373.5
500 USD TO PHP 26747
1000 USD TO PHP 53494
5000 USD TO PHP 267470
10000 USD TO PHP 534940

Click To Compare Money Transfer Services For The Following

USD GBP INR PHP CAD AUD MXN CNY
USD 1.00000 0.78513 70.03361 53.49400 1.31069 1.38140 19.00636 6.88410
GBP 1.27368 1.00000 89.20029 68.13414 1.66940 1.75946 24.20799 8.76813
AUD 0.72390 0.56836 50.69756 38.72448 0.94881 1.00000 13.75877 4.98342
CAD 0.76296 0.59902 53.43263 40.81362 1.00000 1.05395 14.50103 5.25227
EUR 1.13510 0.89119 79.49480 60.72077 1.48776 1.56802 21.57402 7.81411