USD to PHP today: US dollar to Philippine peso
1 US dollar = ₱62.7480, and ₱1,000 buys 15.94 USD. On a typical 200 USD transfer from the United States (₱12,550 today), the cheapest firm in the World Bank's Q3 2025 survey keeps ₱72.79 and the dearest ₱2,196.18. Against 2 Oct 2025, when it was ₱58.2290, 1,000 USD brings ₱4,519.00 more (1,000 × ₱4.5190). Next: pick a firm from the cost table, then collect at a BSP-registered office near you (offices by province).
Rate: BSP Reference Exchange Rate Bulletin, 2 Oct 2026. The bulletin labels it "Weighted average rate in the USD/PHP Market in the last trading day", and multiplies it into the peso value of every other currency it lists.
1 USD = ₱62.7480 · ₱1 = 0.0159 USD · official rate (BSP weighted average), 2 Oct 2026
The converter applies the 2 Oct 2026 rate with no fee or spread. Cross-check: the ECB euro reference rates of 2 Oct 2026 give ₱62.5969 per USD (₱70.2650 per euro ÷ 1.1225 USD per euro), 0.24% below the BSP figure. The ECB fixes around 14:10 CET, while the BSP figure is the weighted average of the previous trading day in the local market, so the two are taken at different times. Changing pesos into US dollars instead? PHP to USD has bank selling rates.
What sending USD to the Philippines costs
World Bank Q3 2025 survey, United States: 14 firms priced a 200 USD transfer (₱12,550 today) at 0.58% to 17.50% of the amount, fee and rate margin together, 4.52% on average. The gap between the two ends is ₱2,123.39 per transfer (16.92% × ₱12,549.60).
| Firm | Paid out as | Speed | Fee (USD) | Rate margin | Total cost | Pesos lost | Cost on US$500 |
|---|---|---|---|---|---|---|---|
| MoneyGramMoney Transfer Operator | Mobile wallet | Less than one hour | 0.00 | 0.58% | 0.58% | ₱72.79 | 0.58% |
| Walmart2WorldMoney Transfer Operator | Cash | Less than one hour | 5.99 | -1.90% | 1.10% | ₱138.05 | -0.10% |
| WorldRemitMoney Transfer Operator | Mobile wallet | Less than one hour | 0.00 | 1.83% | 1.83% | ₱229.66 | 1.83% |
| RiaMoney Transfer Operator | Bank account | 3-5 days | 0.90 | 1.39% | 1.84% | ₱230.91 | 1.57% |
| M.Lhuillier Financial ServicesMoney Transfer Operator | Cash | Same day | 6.00 | 0.00% | 3.00% | ₱376.49 | 1.60% |
| RemitlyMoney Transfer Operator | Cash | 3-5 days | 6.49 | 0.00% | 3.25% | ₱407.86 | 2.35% |
| PangeaMoney Transfer Operator | Cash | Less than one hour | 4.95 | 0.82% | 3.30% | ₱414.14 | 1.81% |
| Western UnionMoney Transfer Operator | Bank account | Next day | 1.99 | 2.46% | 3.46% | ₱434.22 | 5.36% |
| XoomMoney Transfer Operator | Cash | Less than one hour | 6.98 | 0.00% | 3.49% | ₱437.98 | 2.18% |
| Wells FargoBank | Bank account | 2 days | 5.00 | 1.43% | 3.93% | ₱493.20 | 2.43% |
| WiseMoney Transfer Operator | Bank account | 3-5 days | 8.12 | 0.00% | 4.06% | ₱509.51 | 1.96% |
| PNB (Philippines National Bank)Bank | Bank account | 2 days | 8.00 | 0.91% | 4.91% | ₱616.19 | 2.91% |
| Johnny Air CargoMoney Transfer Operator | Cash | Next day | 10.00 | 1.01% | 6.01% | ₱754.23 | 3.01% |
| CitibankBank | Bank account (partner) | 2 days | 35.00 | 0.00% | 17.50% | ₱2,196.18 | 7.00% |
United States to the Philippines, 200 USD, surveyed 4 Aug 2025 to 21 Aug 2025. Cheapest product per firm.
Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org (CC BY 4.0). Pesos lost = total cost × the amount in pesos at today's rate. A negative cost means the firm paid out more than the market rate on the survey day.
Check a quote against the official rate
Type the USD amount and the pesos your app or counter promises; the checker shows what the rate and fee cost you in pesos. If the gap is wide, try another firm before you send. The Q3 2025 survey average above, 4.52%, is a fair yardstick.
- What this transfer costs you against the official rate
- ₱470.61 (1.50%)
- At the official rate
- ₱31,374.00
- Provider's effective rate
- ₱61.8068
Rate used: 1 USD = ₱62.7480, 2 Oct 2026. Cost = value at that rate minus the pesos that arrive, plus the fee converted at the same rate.
Converting USD at a Philippine bank
USD to PHP over 30, 90 and 365 days
Since 1945| Period to 2 Oct 2026 | High | Low | Average | Change |
|---|---|---|---|---|
| 30 days 23 rates | ₱62.850016 Sep 2026 | ₱62.35902 Sep 2026 | ₱62.6354 | +0.62%from ₱62.3590 |
| 90 days 64 rates | ₱62.850016 Sep 2026 | ₱60.70207 Aug 2026 | ₱61.9043 | +1.88%from ₱61.5900 |
| 365 days 245 rates | ₱62.850016 Sep 2026 | ₱57.554027 Feb 2026 | ₱60.1763 | +7.76%from ₱58.2290 |
Pesos per 1 USD. Change = (today − start of period) ÷ start of period. One value per BSP banking day from the BSP daily peso cross-rate series and bulletins.
USD and PHP amounts, both ways
USD to PHP
| 1 USD | ₱62.7480 |
|---|---|
| 5 USD | ₱313.74 |
| 10 USD | ₱627.48 |
| 50 USD | ₱3,137.40 |
| 100 USD | ₱6,274.80 |
| 500 USD | ₱31,374.00 |
| 1,000 USD | ₱62,748.00 |
| 5,000 USD | ₱313,740.00 |
Each row: amount × ₱62.7480, the 2 Oct 2026 rate, before fees.
PHP to USD
| ₱100 | 1.59 USD |
|---|---|
| ₱500 | 7.97 USD |
| ₱1,000 | 15.94 USD |
| ₱5,000 | 79.68 USD |
| ₱10,000 | 159.37 USD |
| ₱50,000 | 796.84 USD |
Each row: pesos ÷ ₱62.7480, before fees. Sending one of these amounts? Test the pesos promised in the quote checker.
Receiving USD transfers in the Philippines
Cash remittances from the United States of America, Guam, the Virgin Islands, US reached US$14.20 billion in 2025 (BSP, preliminary).
The 14 surveyed firms offer 58 ways to send on this corridor: 36 pay out as cash for pickup, 16 pay out into a bank account, 6 pay out to a mobile wallet; 30 arrive in less than an hour. Cash pickup works at BSP-registered remittance agents, pawnshops and banks; a bank or e-wallet credit saves the trip.
If you hold USD cash, BPI's posted buying rate is ₱62.1500 (2 Oct 2026, 4:19 PM) and Metrobank buys notes at ₱62.5500 (2 Oct 2026, 9:09 AM). Find a registered office near you on the remittance centres by province page, compare e-wallet cash-in and cash-out fees, and check the InstaPay and PESONet fee before moving the pesos to your bank.
How Philippine tax treats USD you receive
- Money family abroad sends you is not part of your gross income: gifts are excluded under NIRC Sec. 32(B)(3), and an OFW's pay earned abroad is not taxed here under Sec. 23(C). Money paid to you for work is income in any currency. More: are remittances taxable?
- OFW remittances are exempt from documentary stamp tax when the recipient shows the OFW's OEC or OWWA certificate (RA 8042 Sec. 35 as amended by RA 10022). More: documentary stamp tax.
- Kept in a foreign currency deposit, the interest of a resident is taxed at a 20% final tax since 1 July 2025 (RA 12214, CMEPA). More: final tax.
- A business converts US-dollar amounts at the Bankers Association of the Philippines rate on the transaction day, is taxed on forex gains only when realized, and loses other rates in an audit unless it filed the sworn statement (BIR RMC 12-2024). More: income tax.
USD to PHP questions
How much is 2,000 USD in Philippine pesos?
2,000 × ₱62.7480 = ₱125,496.00 at the 2 Oct 2026 rate, and 10,000 USD is ₱627,480.00. What arrives is lower by the provider's fee and rate margin.
What is the highest USD to PHP rate?
In the three years to 2 Oct 2026 the highest daily value was ₱62.8500 on 16 Sep 2026 and the lowest ₱55.2770 on 27 May 2025. By monthly average, the highest since January 1978 was ₱62.6125 in September 2026. Source: BSP daily peso cross rates.
Will the US dollar go up against the peso?
Nobody can know that in advance. It moves with interest-rate decisions of the BSP and the central bank of the United States, trade and remittance flows, and global risk appetite. Over the last year it ranged from ₱57.5540 (27 Feb 2026) to ₱62.8500 (16 Sep 2026).
Why does my bank or app give less than ₱62.7480?
This is a reference rate with no spread. Banks buy below it: BPI posted ₱62.1500 per USD (2 Oct 2026, 4:19 PM) and Metrobank posted ₱62.5500 per USD (2 Oct 2026, 9:09 AM). Remittance firms add a fee and a rate margin; compare the pesos that arrive. Source: BPI rates page.
Which rate applies on a weekend or holiday?
The Friday 2 Oct 2026 bulletin, generated by the BSP at 08:43 AM, stays the reference until the next one, Monday 5 Oct 2026 at the earliest (later if that is a holiday). Banks and apps keep setting their own rates in between. Source: BSP exchange rate page.
Does the sender owe tax on a large gift from the United States?
Possibly. Donor's tax is 6% of a donor's total gifts above ₱250,000 in a calendar year (NIRC Sec. 99 as amended by RA 10963), and the sender owes it, not the recipient. At the 2 Oct 2026 rate, ₱250,000 is 3,984.19 USD. Source: RA 10963 (TRAIN), Sec. 99.