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🇵🇭 PHP / 🇺🇸 USD ✓ Official Mid-Market Rate (0% Markup) Independent Analysis

PHP to USD Exchange Rate & Bank Wire Fee Comparison (2026)

Convert Philippine Peso (PHP) to US Dollar (USD). The live interbank midpoint rate is 1 PHP = 0.0172 USD. Compare hidden currency conversion spreads across major international wire systems.

Live Converter

PHP to USD Real-Time Calculator

Sourced via Central Bank Interbank Feeds
Quick amounts
₱
→
$
17.18
Official benchmark rate (0% markup applied)
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Historical Benchmarks

PHP to USD Historical Exchange Rates

Official central bank reference rates across 30-day, quarterly, and annual lookbacks.

Official Reference Feeds
Period Interbank Midpoint Yield on ₱1,000 Trend / Variance
Today (Interbank Midpoint) 1 PHP = 0.0172 USD $17.18 Current Live Rate
30 Days Ago 1 PHP = 0.0171 USD $17.11 +0.4% (Higher)
90 Days Ago (Quarterly) 1 PHP = 0.0174 USD $17.39 -1.2% (Lower)
180 Days Ago (Half-Year) 1 PHP = 0.0168 USD $16.82 +2.1% (Higher)
1 Year Ago (52W Midpoint) 1 PHP = 0.0172 USD $17.18 +0.0% vs Annual Baseline
Settlement Timeline

PHP to USD Delivery & Settlement Windows

Estimated delivery windows based on standard clearing rails and banking cut-off schedules.

Target System: Fedwire / ACH (Routing & Account Number)
Direct Domestic Rail 0 - 2 Hours

Local Automated Clearing

Transfers settling through local domestic rails (Fedwire / ACH (Routing & Account Number)) typically clear within hours during standard operating windows.

Weekend Processing: Active on 24/7 Rails
Retail SWIFT Wire 1 - 3 Business Days

Correspondent Banking

Traditional commercial banks route through intermediary correspondent networks, adding clearing stops and compliance verifications.

Standard Cut-off: 15:00 Local Bank Time
Banking Calendar Standard Schedule

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.

Holiday Settlement: Next Business Day
⚠️

Important Clearing Disclaimer: Settlement timeframes are estimates based on standard bank operating windows and domestic clearing rail architectures (Fedwire / ACH (Routing & Account 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.

Transfer Preparation

Required Details to Wire PHP to USD

Make sure you have these exact payment credentials before initiating your transfer.

1. Recipient Identity

Beneficiary Full Name

Exact match as registered on recipient bank account.

2. Account Identifier

Fedwire / ACH (Routing & Account Number)

IBAN, Account Number, or local domestic routing code.

3. Bank Code

SWIFT / BIC Code

8 or 11 character identifier of the recipient's bank branch.

4. Transfer Purpose

Payment Reference

Invoice number or descriptive reference for AML compliance.

Macroeconomic Analysis

PHP vs USD: Central Bank Policy & Inflation Matrix

Official interest rate benchmarks and consumer price index (CPI) differentials shaping cross-border value.

Official Macro Indicators
🇵🇭

Philippine Peso (PHP)

Bangko Sentral ng Pilipinas (BSP)

Policy Rate

6.0%

Benchmark rate
Annual CPI Inflation

3.3%

Consumer prices
Estimated Real Yield (Rate - Inflation): +2.7%
🇺🇸

US Dollar (USD)

Federal Reserve (Fed)

Policy Rate

5.0%

Benchmark rate
Annual CPI Inflation

2.8%

Consumer prices
Estimated Real Yield (Rate - Inflation): +2.2%
Policy Rate Differential: 1.00% (PHP vs USD)
Inflation Differential: 0.50% (Annual CPI spread)
ℹ️

Macroeconomic Policy Notice: Central bank interest rates and CPI metrics are compiled from public statistical releases (Bangko Sentral ng Pilipinas (BSP), Federal Reserve (Fed)) for macroeconomic educational context. They do not constitute retail banking deposit guarantees or investment advice. WireCompare does not provide portfolio management or trading services.

Corridor Volatility & Trend

52-Week Exchange Rate Position

Liquidity Status: High & Stable
52W Low: $0.0165 Current: $0.0172 52W High: $0.0179
Lower bound Current rate sits at 50.0% of annual range Upper bound
Independent Market Analysis

Compare Wire Transfer Costs: PHP to USD

Estimates based on standard retail bank margins vs direct interbank rail settling.

Zero Promotional Bias
₱1,000 PHP
₱250 ₱5,000 ₱10,000 ₱20,000
Benchmark

Direct Midpoint Rail

0.0% Rate Markup (Interbank)

Rail Fee:₱4.50
Rate:0.0172
Clearing:Instant / Same Day
Recipient Receives

$17.18

Maximum Yield

Optimal Benchmark Rail
Retail SWIFT

Commercial Banks

~3.2% Hidden FX Margin

SWIFT Fee:₱25.00
Bank Rate:0.0166
Speed:2-4 Business Days
Recipient Receives

$872.53

-Lost to Hidden Margin

High Intermediary Margin
Consumer Wallet

Global Wallets

3.5% Currency Spread

Tx Fee:₱4.99
Rate:0.0166
Speed:Instant (Closed Wallet)
Recipient Receives

$887.41

Closed loop balance

Convenient but Marked Up
Cash Agent

Cash Remittance

Retail Spread + Cash Fee

Counter Fee:₱8.00
Rate:0.0168
Speed:Physical Counter / 1 Day
Recipient Receives

$896.12

Physical cash pickup

Agent Network Fee
Lookup Tables

PHP to USD Fast Conversion Matrix

Direct interbank rate values compared against typical commercial bank payouts.

🇵🇭 PHP to 🇺🇸 USD

1 PHP = 0.0172 USD
Amount Mid-Market Rate Bank Payout Hidden Spread
₱1 PHP $0.02 USD $0.00 -$0.33
₱5 PHP $0.09 USD $0.00 -$0.34
₱10 PHP $0.17 USD $0.00 -$0.34
₱25 PHP $0.43 USD $0.08 -$0.35
₱50 PHP $0.86 USD $0.50 -$0.36
₱100 PHP $1.72 USD $1.33 -$0.39
₱250 PHP $4.30 USD $3.83 -$0.47
₱500 PHP $8.59 USD $7.98 -$0.61
₱1,000 PHP $17.18 USD $16.30 -$0.88
₱5,000 PHP $85.91 USD $82.83 -$3.08
₱10,000 PHP $171.82 USD $165.99 -$5.83

🇺🇸 USD to 🇵🇭 PHP (Reverse)

1 USD = 58.2004 PHP
Amount Mid-Market Rate Bank Payout Hidden Spread
$1 USD ₱58.20 PHP ₱0.00 -₱1,128.62
$5 USD ₱291.00 PHP ₱0.00 -₱1,136.07
$10 USD ₱582.00 PHP ₱0.00 -₱1,145.38
$25 USD ₱1,455.01 PHP ₱281.69 -₱1,173.32
$50 USD ₱2,910.02 PHP ₱1,690.14 -₱1,219.88
$100 USD ₱5,820.04 PHP ₱4,507.04 -₱1,313.00
$250 USD ₱14,550.11 PHP ₱12,957.75 -₱1,592.36
$500 USD ₱29,100.22 PHP ₱27,042.25 -₱2,057.97
$1,000 USD ₱58,200.44 PHP ₱55,211.27 -₱2,989.17
$5,000 USD ₱291,002.21 PHP ₱280,563.38 -₱10,438.83
$10,000 USD ₱582,004.42 PHP ₱562,253.52 -₱19,750.90
Mid-Market Rate

0.0172

1 PHP = $0.0172

Inverse Rate

58.2004

1 USD = ₱58.2004

52-Week Range

0.0165 - 0.0179

Annual volatility band

Target Bank System

Fedwire / ACH (Routing & Account Number)

Clearing rail for USD

Knowledge Base

Frequently Asked Questions (PHP to USD)

Click any question to expand
Q What is the current exchange rate for PHP to USD?
As of 2026, the real mid-market interbank rate is 1 PHP = 0.017182 USD. This is the true benchmark rate with zero hidden bank markup.
Q How much does a bank charge to send PHP to USD?
Most traditional high-street banks charge a front-end wire fee of around ₱25 plus a 2.5% to 4% hidden exchange rate markup. On a ₱1,000 transfer, you typically lose around $0.88 compared to specialized neobanks like Wise.
Q What bank codes are needed to send USD to United States?
To receive USD in United States, the recipient typically needs to provide their Fedwire / ACH (Routing & Account Number).
Q How fast does an international transfer take between PHP and USD?
Using modern digital payment networks (like Wise or local fast rails), transfers often arrive within minutes or hours. Traditional SWIFT bank wires take 2 to 4 business days.

Related Corridors From PHP

View Reverse: USD to PHP →

PHP → EUR

1 PHP = 0.0159 EUR

PHP → GBP

1 PHP = 0.0133 GBP

PHP → JPY

1 PHP = 2.6186 JPY

PHP → CAD

1 PHP = 0.0238 CAD