Convert US Dollar to Philippine Peso
USD to PHP Exchange Rate Calculator
1 US Dollar (USD) = 61.4420 Philippine Peso (PHP) at the live mid-market rate. That means $100 USD converts to roughly 6,144.20 PHP, and $1,000 USD converts to about 61,442.00 PHP. The USD/PHP 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 USD/PHP context
Over the past 90 days, USD/PHP has traded between 59.3980 and 61.7680. The current rate of 61.4420 sits roughly 86% through that range — near the upper end, meaning Philippine Peso has been weaker than typical against US Dollar recently. Versus the rate 90 days ago, US Dollar has strengthened by 1.36% against Philippine Peso.
USD/PHP Price History
Interactive USD/PHP exchange rate chart with 7-day, 30-day, and 90-day views.
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
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.
Frequently Asked Questions
When is USD/PHP 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 USD/PHP?
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 USD/PHP the most?
The biggest scheduled catalysts are FOMC decisions, non-farm payrolls (first Friday monthly), and US CPI releases and central bank rate decisions and inflation prints. 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 USD to PHP at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market USD/PHP 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 USD/PHP rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market USD/PHP 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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Rate history
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Exchange rates refresh hourly · Sourced from institutional-grade data providers