USD to PHP: Convert US Dollars to Philippine Pesos (2024)

FAQs

USD to PHP: Convert US Dollars to Philippine Pesos? ›

The year 2024 is projected to start with a slight increase in the exchange rate, eventually climbing to around ₱ 59.54 - ₱ 61.96 by the year's end. In 2025, US Dollar will continue strengthening against Philippine Peso, potentially reaching ₱ 64.02.

The year 2024 is projected to start with a slight increase in the exchange rate, eventually climbing to around ₱ 59.54 - ₱ 61.96 by the year's end. In 2025, US Dollar will continue strengthening against Philippine Peso, potentially reaching ₱ 64.02.

More specifically, the best time to trade USD/PHP is between 12:00 and 15:00 GMT when the market is most liquid. Weekends tend to see higher USD value because foreign currency cash flows slow down. So, it may be a good idea to convert US dollars to pesos on weekends or whenever the former is stronger.

US Dollar to Philippine Peso Exchange Rate is at a current level of 56.41, up from 56.33 the previous market day and down from 56.73 one year ago. This is a change of 0.14% from the previous market day and -0.55% from one year ago.

The exchange rate for US dollar to Philippine pesos is currently 56.234 today, reflecting a 0.000% change since yesterday. Over the past week, the value of US dollar has remained relatively stable, with a 0.060% increase compared to its value 7 days ago.

How much money does a person working in the Philippines make? According to Salary Explorer, A person working in the Philippines typically earns around 44,800 PHP. Salaries range from 11,300 PHP (lowest average) to 199,000 PHP (highest average, actual maximum salary is higher).

The Philippines has a generally low cost of living. International Living reports that you could comfortably live on $800 to $1200 a month, covering housing, utilities, food, healthcare and taxes. If you live on $800 a month, your $100,000 can spread out to about ten and a half years.

According to the 2022 Occupational Wage Survey (OWS), the average monthly salary in the Philippines is Php 18,423.00 (US$ 330.08). With the lack of a national minimum wage in the country, the salaries of Filipino workers may vary depending on their location, industry, and skill sets.

Which bank has the best exchange rate in the Philippines? ›

PNB buys and sells foreign currencies against the PHP or other foreign currencies. Its good working relationships with other banks allow it to purchase and sell large volumes of currencies at market prices. As such, PNB is able to offer its clients one of the best exchange rates in the Philippines.

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.

Wait until you arrive in the Philippines to exchange your money. It's worth doing your research before buying your pesos, as the exchange rates offered in Europe and North America are often not as good as those you'll get on arrival.

It's safe to say that in Manila, one can have a hefty complete meal at Php500 (around 10 US Dollars) but you can also have a fair simple meal at Php150 (around 2-3 US Dollars). Upscale restaurants in central districts and prime areas would have double or triple (or more!) the prices.

The cost of renting in the Philippines is significantly lower than in the United States. For example, a one-bedroom apartment in Manila can cost as little as $300 per month, while a similar apartment in New York City would cost upwards of $2,000 per month.

Looking forward, we estimate it to trade at 59.05 in 12 months time. The USDPHP spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the PHP.

However, 1 dollar in rupees in 2024 is around ₹83. So, how did the USD to INR exchange rate become progressively higher?

US DOLLAR EXCHANGE RATE (June 4, 2024) USD 1.00 = PHP 58.68 ⠀⠀⠀⠀ ⠀⠀⠀⠀ 𝘕𝘰𝘵𝘦: 𝘛𝘩𝘦 𝘗𝘩𝘪𝘭𝘪𝘱𝘱𝘪𝘯𝘦 𝘗𝘦𝘴𝘰-𝘜𝘚 𝘋𝘰𝘭𝘭𝘢𝘳 𝘊𝘰𝘯𝘷𝘦𝘳𝘴𝘪𝘰𝘯 𝘙𝘢𝘵𝘦 𝘪𝘴 𝘱𝘰𝘴𝘵𝘦𝘥 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘳𝘦𝘧𝘦𝘳𝘦𝘯𝘤𝘦 𝘰𝘧 𝘵𝘩𝘰𝘴𝘦 𝘸𝘩𝘰 𝘸𝘪𝘭𝘭 𝘵𝘳𝘢𝘯𝘴𝘢𝘤𝘵 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘗𝘙𝘈 𝘥𝘶𝘳𝘪𝘯𝘨 𝘵𝘩𝘦 𝘳𝘦𝘴𝘱𝘦𝘤𝘵𝘪𝘷𝘦 𝘥𝘢𝘵𝘦 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘦𝘥.