USD to PHP Exchange Rate & Bank Wire Fee Comparison (2026)
Convert US Dollar (USD) to Philippine Peso (PHP). The live interbank midpoint rate is 1 USD = 58.2000 PHP. Compare hidden currency conversion spreads across major international wire systems.
USD to PHP Real-Time Calculator
USD to PHP 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 USD = 58.2000 PHP | ₱58,200.00 | Current Live Rate |
| 30 Days Ago | 1 USD = 57.9672 PHP | ₱57,967.20 | +0.4% (Higher) |
| 90 Days Ago (Quarterly) | 1 USD = 58.8984 PHP | ₱58,898.40 | -1.2% (Lower) |
| 180 Days Ago (Half-Year) | 1 USD = 56.9778 PHP | ₱56,977.80 | +2.1% (Higher) |
| 1 Year Ago (52W Midpoint) | 1 USD = 58.2000 PHP | ₱58,200.00 | +0.0% vs Annual Baseline |
USD to PHP 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 (InstaPay / PESONet) 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 (InstaPay / PESONet). Actual arrival is subject to originating bank cut-off deadlines, correspondent intermediary verification checkpoints, and international AML/KYC screening. Not a contractual arrival guarantee.
Required Details to Wire USD to PHP
Make sure you have these exact payment credentials before initiating your transfer.
Beneficiary Full Name
Exact match as registered on recipient bank account.
InstaPay / PESONet
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.
USD vs PHP: Central Bank Policy & Inflation Matrix
Official interest rate benchmarks and consumer price index (CPI) differentials shaping cross-border value.
US Dollar (USD)
Federal Reserve (Fed)
5.0%
Benchmark rate2.8%
Consumer pricesPhilippine Peso (PHP)
Bangko Sentral ng Pilipinas (BSP)
6.0%
Benchmark rate3.3%
Consumer pricesMacroeconomic Policy Notice: Central bank interest rates and CPI metrics are compiled from public statistical releases (Federal Reserve (Fed), Bangko Sentral ng Pilipinas (BSP)) for macroeconomic educational context. They do not constitute retail banking deposit guarantees or investment advice. WireCompare does not provide portfolio management or trading services.
52-Week Exchange Rate Position
Compare Wire Transfer Costs: USD to PHP
Estimates based on standard retail bank margins vs direct interbank rail settling.
Direct Midpoint Rail
0.0% Rate Markup (Interbank)
₱58,200.00
Maximum Yield
Commercial Banks
~3.2% Hidden FX Margin
₱872.53
-Lost to Hidden Margin
Global Wallets
3.5% Currency Spread
₱887.41
Closed loop balance
Cash Remittance
Retail Spread + Cash Fee
₱896.12
Physical cash pickup
USD to PHP Fast Conversion Matrix
Direct interbank rate values compared against typical commercial bank payouts.
🇺🇸 USD to 🇵🇭 PHP
1 USD = 58.2000 PHP| Amount | Mid-Market Rate | Bank Payout | Hidden Spread |
|---|---|---|---|
| $1 USD | ₱58.20 PHP | ₱0.00 | -₱1,128.61 |
| $5 USD | ₱291.00 PHP | ₱0.00 | -₱1,136.06 |
| $10 USD | ₱582.00 PHP | ₱0.00 | -₱1,145.38 |
| $25 USD | ₱1,455.00 PHP | ₱281.69 | -₱1,173.31 |
| $50 USD | ₱2,910.00 PHP | ₱1,690.13 | -₱1,219.87 |
| $100 USD | ₱5,820.00 PHP | ₱4,507.01 | -₱1,312.99 |
| $250 USD | ₱14,550.00 PHP | ₱12,957.65 | -₱1,592.35 |
| $500 USD | ₱29,100.00 PHP | ₱27,042.05 | -₱2,057.95 |
| $1,000 USD | ₱58,200.00 PHP | ₱55,210.85 | -₱2,989.15 |
| $5,000 USD | ₱291,000.00 PHP | ₱280,561.25 | -₱10,438.75 |
| $10,000 USD | ₱582,000.00 PHP | ₱562,249.25 | -₱19,750.75 |
🇵🇭 PHP to 🇺🇸 USD (Reverse)
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 |
58.2000
1 USD = ₱58.2000
0.0172
1 PHP = $0.0172
55.8720 - 60.5280
Annual volatility band
InstaPay / PESONet
Clearing rail for PHP
Frequently Asked Questions (USD to PHP)
Q: What is the current exchange rate for USD to PHP?
As of 2026, the real mid-market interbank rate is 1 USD = 58.2 PHP. This is the true benchmark rate with zero hidden bank markup.
Q: How much does a bank charge to send USD to PHP?
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 ₱3,008.94 compared to specialized neobanks like Wise.
Q: What bank codes are needed to send PHP to Philippines?
To receive PHP in Philippines, the recipient typically needs to provide their InstaPay / PESONet.
Q: How fast does an international transfer take between USD and PHP?
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.