Compare today's EUR to PHP (Euro to Philippine Peso) exchange rates
📈 Spain to Philippines Money Transfer Snapshot Today
- Best EUR to PHP exchange rate today: PHP 68.8968, offered by TalkRemit
- Number of money transfer providers compared: 21
- Exchange rate range: PHP 67.8728 to PHP 68.8968
- Potential savings on EUR 1000: PHP 1,024.00
- Number of deals and promo codes: 13
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to PHP exchange rate before providers add their margin or fees. exchange rate: 1 EUR = PHP 68.6187 (Updated about an hour ago)
See detailed Spain to Philippines money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 Get promotional rate on your first transfer
📢 New! Cash pickup available
📢 B2B transfers only
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's EUR-PHP exchange rates mean for you
Compare today's EUR-PHP exchange rates and send money from Spain to Philippines after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 21 providers that you can rely on for Spain to Philippines money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Spain to Philippines Providers
🥇 TalkRemit with 1 EUR = 68.8968 PHP (best EUR to PHP exchange rate today).
🥈 Panda Remit offering 1 EUR = 68.8832 PHP.
🥉 Regency FX & Key Currency are also providing good FX rate today.
The exchange rate provided by these 21 providers ranges from PHP 67.8728 to PHP 68.8968. For a EUR 1000 money transfer from Spain to Philippines, that could mean up to PHP 1,024.00 saved on FX alone.
EUR-PHP exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final PHP payout that your recipient gets in Philippines.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Spain to Philippines remittances.
🔄 Looking for the reverse corridor? Send money from Philippines to Spain instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Spain.
👇 We also suggest looking beyond today's EUR-PHP exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst EUR-PHP exchange rate is crucial, historical data shows that transfer fees, EUR amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Spain to Philippines historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your PHP payout.
Data-driven cost insights for Spain to Philippines money transfers
When you send money internationally from Spain to Philippines, the key factors that will influence the overall cost of your transaction are:
- EUR-PHP exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum PHP payout for your overseas recipient in Philippines.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Spain to Philippines, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Spain to Philippines money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 475 actual Spain to Philippines money transfers handled by 10 providers over the last 5 years (for a EUR 140 remittance benchmark).
This data-driven approach using real EUR-PHP transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Spain to Philippines money transfers
- Average total cost: 3.42% (range -1.28% to 14.44%, spread 15.72 percentage points)
- Potential payout difference: On a EUR 140 transfer, the above variation can save you up to EUR 22.01.
- Average FX markup: 1.44% (range -3.41%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 12.30%, spread 15.71 percentage points) - Average transfer fee: EUR 2.77 (range EUR 0.00 to EUR 7.00)
- Cheapest payment/delivery method combo: Debit Card → Bank Deposit (1.91% avg cost); most expensive is Credit Card → Cash Pickup (4.74%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 2.83% (EUR 3.97 on EUR 140 transfer).
- Market coverage: ~10 providers on average (competition level: moderate)
- Average speed: About 13 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Spain to Philippines money transfers.
📈 EUR to PHP exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Spain to Philippines money transfers is usually the single biggest factor that will determine your overall EUR cost and your recipient's PHP payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a EUR 140 money transfer benchmark, we see the following FX markup ranges for Euro to Philippines transfers:
- Average markup: 1.44%
- Median markup: 1.01%
- Lowest markup: -3.41%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 12.30%
That is a spread of 15.71 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a EUR 140 transfer, the above markup range is equivalent to roughly PHP 21.99 purely from differences in the exchange rate. That incremental saving increases to PHP 54.20 for a EUR 345 transfer.
🛠️ How to use this insight: When comparing providers for Spain to Philippines remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
EUR to PHP exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Spain to Philippines remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Euro reaches your recipient in Philippines.
Based on data from last 5 years, we notice the below about Euro to Philippines money transfer fees:
- Average fee: EUR 2.77
- Median fee: EUR 2.99
- Lowest fee: EUR 0.00
- Highest fee: EUR 7.00
The average fee amount of EUR 2.77 noted above represents 1.98% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by EUR 7.00.
🛠️ How to use this insight: For your next money transfer from Spain to Philippine Peso, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for EUR-PHP remittances
Based on our detailed analysis of historical Spain to Philippines data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Philippines from Spain:
- Debit Card: 3.26%
- Bank Account Transfer: 3.31%
- Credit Card: 3.32%
- Cash: 4.55%
That is a total spread of 1.29 percentage points.
This means that on a EUR 140 transfer, you could save up to EUR 1.80 simply by choosing the best priced payment method.
These savings will only multiply for higher EUR amounts.
Here is the average cost of popular delivery methods used to send money from Spain to Philippines:
- Bank Deposit: 2.04%
- Mobile Wallet: 2.90%
- Cash Pickup: 4.24%
The cost difference between the above delivery methods is 2.20 percentage points.
Once again, this means that you could save up to EUR 3.08 on a EUR 140 transfer to Philippines by choosing Bank Deposit versus Cash Pickup.
As you can imagine, the possible combinations of Spain payment methods and Philippines delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Spain to PHP money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Debit Card | Bank Deposit | 1.91 |
| Bank Account Transfer | Bank Deposit | 1.96 |
| Credit Card | Bank Deposit | 2.07 |
| Credit Card | Mobile Wallet | 2.90 |
| Debit Card | Mobile Wallet | 2.91 |
| Bank Account Transfer | Mobile Wallet | 2.95 |
| Bank Account Transfer | Cash Pickup | 3.84 |
| Cash | Cash Pickup | 4.55 |
| Debit Card | Cash Pickup | 4.73 |
| Credit Card | Cash Pickup | 4.74 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these EUR-PHP payment and delivery options is significant. Here are some observations:
- Debit Card → Bank Deposit has the lowest average cost at 1.91%.
- Credit Card → Cash Pickup has the highest average cost at 4.74%.
- Debit Card → Bank Deposit average cost is 2.83 percentage points lower than that of Credit Card → Cash Pickup.
- This means that on a EUR 140 money transfer, you could save up to EUR 6.63 simply by choosing the best payment and delivery method combo.
- Further, on a EUR 345 money transfer, the savings increase to EUR 16.35.
Here is a quick summary of the average historical cost of various payment and delivery methods for EUR to Philippines money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Debit Card averaged 3.26%, compared to 4.55% for Cash, a difference of 1.29 percentage points.
- Cheapest delivery method: Bank Deposit averaged 2.04%, compared to 4.24% for Cash Pickup (2.20 percentage points higher).
- Cheapest combo: Debit Card → Bank Deposit averaged 1.91%, which is 2.83 percentage points lower than Credit Card → Cash Pickup (4.74%).
🛠️ How to use this insight: As you compare money transfer providers for your next Spain to Philippines international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Spain to Philippines remittances by carefully choosing the most economical payment and delivery methods.
📊 Does sending more money reduce the cost of EUR-PHP money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending EUR 140 vs EUR 345 from Spain to Philippines.
We found that sending a higher amount (EUR 345) tends to be cheaper - average cost drops from 3.42% to 2.28%, a reduction of 1.14 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Euro amounts to Philippines, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Spain to Philippines remittance market?
Based on data from the last 5 years, EUR-PHP money transfers are provided on an average by 10 remittance companies. With around 10 providers serving this market, we consider the level of competition to be moderate.
The good news is that you can currently compare 21 providers on RemitFinder for EUR-PHP transfers. This is a higher number of money transfer companies to choose from as compared to prior years.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Spain to Philippines remittances.
⏱️ How fast are EUR-PHP money transfers?
If your recipient in Philippines needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Spain to Philippines transfers when it comes to processing time:
- Average transfer time: About 13 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at EUR 140: About 13 hours.
- Average speed at EUR 345: About 13 hours.
🛠️ How to use this insight: If you need to send money from Spain to Philippines in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Philippines.
Spain to Philippines transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Spain to Philippines money transfers
These FAQs use data from RemitFinder's historical analysis of Spain to Philippines money transfers over several years.
What factors affect the total cost of sending money from Spain to Philippines?
The total cost of your EUR-PHP money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Spain to Philippines transfers?
Historical EUR to PHP exchange rate markup ranges from -3.41% to 12.30%, a spread of 15.71 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can EUR-PHP exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative EUR-PHP exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Spain to Philippines transfers?
Exchange rate markup ranges from -3.41% to 12.30% (a spread of 15.71 percentage points).
Transfer fees range from EUR 0.00 to EUR 7.00, which equals roughly 5.00% on a EUR 140.00 transfer.
At both EUR 140.00 and EUR 345.00, the exchange rate markup shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Spain to Philippines transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger EUR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most PHP for your EUR.
How much can Spain to Philippines transfer costs vary between providers?
Historical transfer cost ranges from -1.28% to 14.44% for EUR transfers to Philippines. That is a spread of 15.72 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -3.41% to 12.30% (a spread of 15.71 percentage points). Thus, even small differences in FX margin can have a big impact on the final PHP payout.
Why do various money transfer providers price EUR to Philippines transfers differently?
If you send the same Euro amount to Philippines via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final PHP payout in Philippines in a big way.
How stable are transfer costs in the Spain to Philippines corridor?
When we analyzed the historical total cost for EUR-PHP transfers, we observed a range from -1.28% to 14.44% (15.72 percentage points difference), along with a variability (standard deviation) of 2.09%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -3.41% to 12.30% (15.71 percentage points difference), with a standard deviation of 1.67%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your EUR-PHP transfers.
Which payment method is cheapest for Spain to Philippines remittances?
Debit Card is the cheapest payment method in Spain based on its average cost at 3.26% (compared to Cash at 4.55%, a difference of 1.29 percentage points).
Based on this, we recommend paying for your EUR transfer with Debit Card, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card for Spain to Philippines transfers?
Debit Card is cheaper on average when sending money to Philippines from Spain since it costs 3.26% (compared to 3.32% for Credit Card payments, a difference of 0.06 percentage points).
As a result, we recommend that you avoid paying for your transfer to Philippines with a Credit Card.
Which delivery method is cheapest for EUR-PHP money transfers?
Bank Deposit is the cheapest delivery method in Philippines as it costs 2.04% (compared to Cash Pickup at 4.24%, a spread of 2.20 percentage points).
If your recipient in Philippines can accept Bank Deposit, we recommend choosing it as your preferred delivery option for EUR-PHP transfers.
Is Bank Deposit cheaper than Cash Pickup for Spain to Philippines transfers?
Bank Deposit is cheaper for transfers to Philippines given its 2.04% average cost (versus 4.24% for Cash Pickup, a difference of 2.20 percentage points).
To save more, consider choosing the cheapest delivery option for Philippines.
What is the cheapest way to send money from Spain to Philippines?
We evaluated 10 payment and delivery method combinations for Spain to Philippines remittances.
Based on historical data, Debit Card → Bank Deposit is the cheapest combination with 1.91% cost.
At the other end of the spectrum, Credit Card → Cash Pickup is the most expensive combination at 4.74% cost. That is a difference of 2.83 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Spain to Philippines remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your EUR-PHP transfers.
Does sending more money reduce the cost for Spain to Philippines transfers?
Larger EUR-PHP transfers are cheaper on average.
The cost of a EUR 140 transfer averages 3.42% as compared to 2.28% for a EUR 345 transfer, a difference of 1.14 percentage points.
How long does it take to send money from Spain to Philippines?
Based on our analysis, the average transfer time for EUR-PHP transfers is 13 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Are instant transfers available from Spain to Philippines?
Yes, historical data shows that some transfers to Philippines from Spain can complete in less than one hour.
Note that the actual speed of your EUR-PHP transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
How competitive is the Spain to Philippines remittance market?
Based on historical data, the competition level in Spain to Philippines is considered moderate with 10 active providers.
Do I risk overpaying if I do not compare providers for Spain to Philippines?
Historically, total EUR-PHP transfer cost has varied by 15.72 percentage points. On a EUR 140 transfer, that can translate to EUR 22.01 in savings.
EUR-PHP exchange rate markup also varies across providers. The average markup spread has been about 15.71 percentage points. On a EUR 140 transfer, that could be EUR 21.99 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about EUR 7.00 across providers.
That is why comparing providers can materially change how much of the EUR you send does your recipient receive in Philippines in Philippines.
Latest EUR to PHP Conversion Rates
Here are some latest EUR to PHP (Euro to Philippine Peso) exchange rates for popular conversion amounts*.
| 1 EUR | 68.62 PHP |
| 5 EUR | 343.09 PHP |
| 10 EUR | 686.19 PHP |
| 25 EUR | 1,715.47 PHP |
| 50 EUR | 3,430.94 PHP |
| 100 EUR | 6,861.87 PHP |
| 150 EUR | 10,292.81 PHP |
| 200 EUR | 13,723.74 PHP |
| 250 EUR | 17,154.68 PHP |
| 300 EUR | 20,585.61 PHP |
| 400 EUR | 27,447.48 PHP |
| 500 EUR | 34,309.35 PHP |
| 600 EUR | 41,171.22 PHP |
| 700 EUR | 48,033.09 PHP |
| 800 EUR | 54,894.96 PHP |
| 1000 EUR | 68,618.70 PHP |
| 1500 EUR | 102,928.05 PHP |
| 2000 EUR | 137,237.40 PHP |
| 2500 EUR | 171,546.75 PHP |
| 3000 EUR | 205,856.10 PHP |
| 4000 EUR | 274,474.80 PHP |
| 5000 EUR | 343,093.50 PHP |
| 10000 EUR | 686,187.00 PHP |
| 15000 EUR | 1,029,280.50 PHP |
| 20000 EUR | 1,372,374.00 PHP |
| 30000 EUR | 2,058,561.00 PHP |
| 40000 EUR | 2,744,748.00 PHP |
| 50000 EUR | 3,430,935.00 PHP |
| 100000 EUR | 6,861,870.00 PHP |
*Based on the Mid-market Exchange Rate
Other popular countries to send money from Spain
- Send money from Spain to Algeria
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- Send money from Spain to Kyrgyzstan
- Send money from Spain to Luxembourg
- Send money from Spain to Moldova
- Send money from Spain to Myanmar (Burma)
- Send money from Spain to Netherlands
- Send money from Spain to Senegal
- Send money from Spain to Slovakia
- Send money from Spain to Switzerland
- Send money from Spain to Tajikistan
- Send money from Spain to Tunisia
1 Based on 475 pricing observations across 10 firms over the last 5 years for a EUR 140 money transfer from Spain to Philippines. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Spain to Philippines remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.