Convert USD to PHP, Free
Live exchange rates updated daily. Enter any USD amount for the PHP equivalent.
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How to convert USD to PHP
The Philippine peso (PHP) is managed by the Bangko Sentral ng Pilipinas (BSP) under an inflation-targeting framework with a freely floating exchange rate. The peso is one of Southeast Asia's more actively traded currencies and is sensitive to remittance flows (overseas Filipino workers send billions of dollars home annually), US interest rates, and global commodity prices.
This converter calculates the peso equivalent of any US dollar amount using a current or recently cached rate. Remittance senders, travelers to the Philippines, and businesses with Philippine suppliers all use this conversion regularly. The calculation runs in your browser; no data is sent to a server.
Enter the USD amount
Type the dollar amount you want to convert. Cents are accepted as decimals.
Read the PHP result
The converter multiplies by the current USD/PHP rate and shows the peso equivalent.
Compare with transfer service rates
Remittance services like Western Union, Wise, and Remitly often offer rates closer to the mid-market rate than banks. Compare rates before sending.
Reverse if needed
To convert PHP to USD, use the PHP to USD converter.
Frequently asked questions
What is the ISO code for the Philippine peso?
PHP. The symbol is ₱ (a P with two horizontal stripes). One peso equals 100 centavos, though centavo coins are rarely used in daily commerce.
Why do OFW remittances affect the peso exchange rate?
Overseas Filipino Workers sent approximately $36 billion home in 2023, making remittances one of the Philippines' largest sources of foreign exchange. This steady inflow of dollars creates demand for peso conversions that supports the peso's value.
Is the Philippine peso freely convertible?
The peso is fully convertible for current account transactions (trade and services). Large capital account transactions may require BSP approval. For personal travel and typical business transactions, conversion through banks and exchange services is unrestricted.
What exchange rate do Philippine banks offer?
Philippine commercial banks offer buying and selling rates a few centavos from the BSP reference rate. Money changers in malls and airports often have competitive rates. Using ATMs in the Philippines with a foreign card is another option, though fees vary by card issuer.
What drives USD/PHP movements?
Key factors: US Federal Reserve interest rate decisions (higher US rates strengthen USD), Philippine inflation relative to US inflation, remittance flows, and trade balance. The BSP can intervene by buying or selling dollars to smooth excessive volatility.