Convert Philippine Peso to US Dollar
PHP to USD Exchange Rate Calculator
1 Philippine Peso (PHP) = 0.0162 US Dollar (USD) at the live mid-market rate. That means $100 PHP converts to roughly 1.62 USD, and $1,000 PHP converts to about 16.21 USD. The PHP/USD rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day PHP/USD context
Over the past 90 days, PHP/USD has traded between 0.0162 and 0.0174. The current rate of 0.0162 sits roughly 1% through that range — near the lower end, meaning US Dollar has been stronger than typical against Philippine Peso recently. Versus the rate 90 days ago, Philippine Peso has weakened by 5.76% against US Dollar.
PHP/USD Price History
Interactive PHP/USD exchange rate chart with 7-day, 30-day, and 90-day views.
About Philippine Peso (PHP)
The Philippine Peso (PHP) is the official currency used for trade and commerce. Its value against other currencies fluctuates based on market conditions.
About US Dollar (USD)
The United States Dollar (USD) is the world's primary reserve currency and the single most traded currency in global foreign exchange markets. Issued by the Federal Reserve System since 1913, it anchors the DXY (U.S. Dollar Index) and sits on one side of roughly 88% of all forex transactions.
- •Involved in ~88% of all daily forex turnover (BIS Triennial Survey)
- •Accounts for roughly 58% of allocated central bank reserves (IMF COFER)
- •Primary invoicing currency for global oil, metals, and most commodities
- •Dollar-denominated debt issued outside the US exceeds $13 trillion
- •The Federal Reserve sets the federal funds rate, which drives USD strength globally
Frequently Asked Questions
When is PHP/USD most liquid?
Liquidity is deepest during the Tokyo and Hong Kong sessions (00:00–08:00 UTC) when PHP markets are open. Spreads widen noticeably during the New York afternoon and Asian public holidays.
What is a typical daily range for PHP/USD?
Daily ranges vary with volatility regimes. Majors like this pair typically move 0.5–1.2% on quiet days and 2–3% on data-release days. Check the 30-day chart above for a sense of the current range.
What economic events move PHP/USD the most?
The biggest scheduled catalysts are central bank rate decisions and inflation prints and FOMC decisions, non-farm payrolls (first Friday monthly), and US CPI releases. Geopolitical headlines and global risk sentiment also produce meaningful moves, especially when one currency is a safe-haven and the other is risk-sensitive.
Is it cheaper to convert PHP to USD at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market PHP/USD than traditional banks. Always compare the total delivered amount, not just the advertised "fee" — many providers embed their margin in the exchange rate itself.
Does the PHP/USD rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market PHP/USD rates don't update during that window. Retail broker spreads often widen at Sunday open as Asian desks reopen, so the first few hours of the new week can carry wider execution costs.
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Exchange rates refresh hourly · Sourced from institutional-grade data providers