PHP to CAD Exchange Rate & Bank Wire Fee Comparison (2026)
Convert Philippine Peso (PHP) to Canadian Dollar (CAD). The live interbank midpoint rate is 1 PHP = 0.0238 CAD. Compare hidden currency conversion spreads across major international wire systems.
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PHP to CAD Historical Exchange Rates
Official central bank reference rates across 30-day, quarterly, and annual lookbacks.
| Period | Interbank Midpoint | Yield on ₱1,000 | Trend / Variance |
|---|---|---|---|
| Today (Interbank Midpoint) | 1 PHP = 0.0238 CAD | C$23.80 | Current Live Rate |
| 30 Days Ago | 1 PHP = 0.0237 CAD | C$23.70 | +0.4% (Higher) |
| 90 Days Ago (Quarterly) | 1 PHP = 0.0241 CAD | C$24.08 | -1.2% (Lower) |
| 180 Days Ago (Half-Year) | 1 PHP = 0.0233 CAD | C$23.30 | +2.1% (Higher) |
| 1 Year Ago (52W Midpoint) | 1 PHP = 0.0238 CAD | C$23.80 | +0.0% vs Annual Baseline |
PHP to CAD Delivery & Settlement Windows
Estimated delivery windows based on standard clearing rails and banking cut-off schedules.
Local Automated Clearing
Transfers settling through local domestic rails (Interac / EFT (Transit & Institution Number)) typically clear within hours during standard operating windows.
Correspondent Banking
Traditional commercial banks route through intermediary correspondent networks, adding clearing stops and compliance verifications.
Cut-off & Holiday Factors
Wires sent after Friday 15:00 local time or during official bank holidays in either origin or destination will hold until Monday morning.
Important Clearing Disclaimer: Settlement timeframes are estimates based on standard bank operating windows and domestic clearing rail architectures (Interac / EFT (Transit & Institution Number)). Actual arrival is subject to originating bank cut-off deadlines, correspondent intermediary verification checkpoints, and international AML/KYC screening. Not a contractual arrival guarantee.
Global FX Market Trading Sessions & Real-Time Liquidity Clock
Live status of the four major international interbank wholesale currency dealing desks (UTC standard).
ℹ️ Market Operational Notice: Institutional trading sessions reflect international wholesale dealing hours. Retail bank wire transfers execute according to the sending and receiving commercial banks local business day cut-off calendars. For educational and liquidity timing analysis only.
Required Details to Wire PHP to CAD
Make sure you have these exact payment credentials before initiating your transfer.
Beneficiary Full Name
Exact match as registered on recipient bank account.
Interac / EFT (Transit & Institution Number)
IBAN, Account Number, or local domestic routing code.
SWIFT / BIC Code
8 or 11 character identifier of the recipient's bank branch.
Payment Reference
Invoice number or descriptive reference for AML compliance.
PHP vs CAD: Central Bank Policy & Inflation Matrix
Official interest rate benchmarks and consumer price index (CPI) differentials shaping cross-border value.
Philippine Peso (PHP)
Bangko Sentral ng Pilipinas (BSP)
6.0%
Benchmark rate3.3%
Consumer pricesCanadian Dollar (CAD)
Bank of Canada (BoC)
4.25%
Benchmark rate2.4%
Consumer pricesMacroeconomic Policy Notice: Central bank interest rates and CPI metrics are compiled from public statistical releases (Bangko Sentral ng Pilipinas (BSP), Bank of Canada (BoC)) for macroeconomic educational context. They do not constitute retail banking deposit guarantees or investment advice. WireCompare does not provide portfolio management or trading services.
PHP to CAD: Purchasing Power Parity (PPP) & Inflation Simulator
Simulate real consumer purchasing power erosion across cumulative central bank CPI inflation lookbacks.
To match the domestic purchasing power of ₱1,000 from 2020, you need:
₱1,258.26 PHP
Based on cumulative Bangko Sentral ng Pilipinas (BSP) CPI figures.
Converting that baseline principal today at current interbank spot (1 PHP = 0.0238 CAD) yields:
C$23.80 CAD
Without real purchasing power adjustment.
True purchasing power parity target in CAD to preserve original basket consumption:
C$29.94 CAD
Reflects bilateral real exchange rate parity.
Relative inflation differential between PHP and CAD indicates historical purchasing power trajectory.
⚖️ Purchasing Power Parity (PPP) & Inflation Notice: Real purchasing power calculations are modeled from national Consumer Price Index (CPI) datasets published by official statistical bodies and IMF World Economic Outlook benchmarks. Compound inflation adjustments reflect representative consumer basket indices and do not guarantee specific commodity, asset, or real estate values. Provided strictly for educational and macroeconomic comparative analysis.
PHP to CAD Historical Exchange Rate Chart
Real-time interbank rate trajectory across standard historical observation periods.
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C$0.0238
⚖️ Historical Data Disclaimer: Historical exchange rate trajectory is synthesized from official central bank reference fixes and interbank mid-market fixes. Past foreign exchange movements do not predict future trends. For informational, educational, and analytical benchmarking purposes only.
52-Week Exchange Rate Position
Compare Wire Transfer Costs: PHP to CAD
Estimates based on standard retail bank margins vs direct interbank rail settling.
Direct Midpoint Rail
0.0% Rate Markup (Interbank)
C$23.80
Maximum Yield
Commercial Banks
~3.2% Hidden FX Margin
C$872.53
-Lost to Hidden Margin
Global Wallets
3.5% Currency Spread
C$887.41
Closed loop balance
Cash Remittance
Retail Spread + Cash Fee
C$896.12
Physical cash pickup
Traditional Bank Wire Cost Itemization (PHP to CAD)
See how retail banks charge upfront wire fees, SWIFT intermediary deductions, and currency markup.
Fixed outgoing international wire tariff charged by retail banks.
Charged by routing banks under standard SWIFT SHA/BEN clearing rules.
Typical 2.8% markup added on top of the interbank midpoint.
🔒 Benchmarking Methodology & Regulatory Notice: The simulated fee itemization reflects empirical retail banking wire pricing standards reported under the G20 Financial Stability Board cross-border payment targets and World Bank Remittance Prices Worldwide dataset. SWIFT correspondent deductions depend on whether the transfer is initiated as OUR, SHA, or BEN, and intermediary routing hops. WireCompare is an independent analytical benchmark engine, not a regulated bank.
PHP to CAD Fast Conversion Matrix
Direct interbank rate values compared against typical commercial bank payouts.
🇵🇭 PHP to 🇨🇦 CAD
1 PHP = 0.0238 CAD| Amount | Mid-Market Rate | Bank Payout | Hidden Spread |
|---|---|---|---|
| ₱1 PHP | C$0.02 CAD | C$0.00 | -C$0.46 |
| ₱5 PHP | C$0.12 CAD | C$0.00 | -C$0.46 |
| ₱10 PHP | C$0.24 CAD | C$0.00 | -C$0.47 |
| ₱25 PHP | C$0.59 CAD | C$0.12 | -C$0.48 |
| ₱50 PHP | C$1.19 CAD | C$0.69 | -C$0.50 |
| ₱100 PHP | C$2.38 CAD | C$1.84 | -C$0.54 |
| ₱250 PHP | C$5.95 CAD | C$5.30 | -C$0.65 |
| ₱500 PHP | C$11.90 CAD | C$11.06 | -C$0.84 |
| ₱1,000 PHP | C$23.80 CAD | C$22.57 | -C$1.22 |
| ₱5,000 PHP | C$118.98 CAD | C$114.72 | -C$4.27 |
| ₱10,000 PHP | C$237.97 CAD | C$229.89 | -C$8.08 |
🇨🇦 CAD to 🇵🇭 PHP (Reverse)
1 CAD = 42.0221 PHP| Amount | Mid-Market Rate | Bank Payout | Hidden Spread |
|---|---|---|---|
| C$1 CAD | ₱42.02 PHP | ₱0.00 | -₱814.89 |
| C$5 CAD | ₱210.11 PHP | ₱0.00 | -₱820.27 |
| C$10 CAD | ₱420.22 PHP | ₱0.00 | -₱827.00 |
| C$25 CAD | ₱1,050.55 PHP | ₱203.39 | -₱847.17 |
| C$50 CAD | ₱2,101.11 PHP | ₱1,220.32 | -₱880.78 |
| C$100 CAD | ₱4,202.21 PHP | ₱3,254.19 | -₱948.02 |
| C$250 CAD | ₱10,505.53 PHP | ₱9,355.80 | -₱1,149.72 |
| C$500 CAD | ₱21,011.05 PHP | ₱19,525.15 | -₱1,485.90 |
| C$1,000 CAD | ₱42,022.10 PHP | ₱39,863.85 | -₱2,158.26 |
| C$5,000 CAD | ₱210,110.52 PHP | ₱202,573.44 | -₱7,537.08 |
| C$10,000 CAD | ₱420,221.04 PHP | ₱405,960.42 | -₱14,260.62 |
0.0238
1 PHP = C$0.0238
42.0221
1 CAD = ₱42.0221
0.0228 - 0.0247
Annual volatility band
Interac / EFT (Transit & Institution Number)
Clearing rail for CAD