USD to PHP exchange rate | Send money from United States to Philippines

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📈 USA to Philippines Money Transfer Snapshot Today

Best USD to PHP exchange rate today: PHP 59.8950, offered by BOSS Money
Number of money transfer providers compared: 23
Exchange rate range: PHP 56.0000 to PHP 59.8950
Potential savings on USD 1000: PHP 3,895.00
Number of deals and promo codes: 16
Mid-market^ⓘThe mid-market exchange rate (also called the interbank rate) is the real USD to PHP exchange rate before providers add their margin or fees. exchange rate: 1 USD = PHP 58.5395 (Updated about an hour ago)

See detailed USA to Philippines money transfer comparison below.

Money Transfer Providers that matched the search criteria

💡What today's USD-PHP exchange rates mean for you

Compare today's USD-PHP exchange rates and send money from USA to Philippines with confidence. View provider pricing, read detailed reviews, and discover current deals and promotional offers — all in one place.

We compared 23 providers serving this corridor today. Here is how the market looks like right now:

Today's Most Competitive USA to Philippines Providers

🥇 BOSS Money with 1 USD = 59.8950 PHP (best USD to PHP exchange rate today).

🥈 Unplex offering 1 USD = 59.8300 PHP.

🥉 Panda Remit & MoneyGram are also pricing USD-PHP competitively today.

USD-PHP exchange rates fluctuate throughout the day, and top positions can change quickly. The best provider for a USD 1000 transfer may not be the cheapest for larger amounts.

That's why comparing money transfer providers can significantly impact the final PHP received in Philippines.

🔄 Looking for the reverse route? Send money from Philippines to USA 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 USA.

👇 Look beyond today's USD-PHP exchange rate — historical pricing trends show how they can affect the overall transfer cost of your transfer.

Whilst the exchange rate matters, long-term pricing patterns show that exchange rate markup, transfer fees, and payment and delivery methods can significantly influence your final payout.

Below, we analyze USA to Philippines historical remittance data to help you understand where costs may arise and strategies to potentially maximize your PHP payout.

Data-driven cost insights for USA to Philippines money transfers

When you send money internationally from USA to Philippines, the key factors that will influence the overall cost of your transaction are:

USD-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 USA to Philippines, you may have to compromise on some or all of the above factors.

To put these factors into a better perspective with a data-driven approach, we have analyzed historical remittance pricing¹ for the USA to Philippines corridor, comparing total transfer costs, FX margins, fees, and payment and delivery methods across providers.

This historical analysis based on actual USD-PHP transfer data could prove useful in identifying the lowest-cost funding options and payout combinations, thereby helping you reduce transfer costs and maximize the amount received.

Before we deep dive, here are the key trends from our analysis, summarized in an easy to read manner.

📌 Key insights for USA to Philippines money transfers

Typical total cost: 4.58% (range -2.98% to 17.50%, spread 20.48 pp)
Potential value difference: On a USD 200 transfer, that spread can save you up to USD 40.96.
FX markup (exchange rate margin): 1.38% (range -2.99% to 4.68%, spread 7.67 pp)
Average transfer fee: USD 6.41 (range USD 0.00 to USD 35.00)
Cheapest payment/delivery method combo: Debit Card → Mobile Wallet (2.08% avg cost); most expensive is Credit Card → Cash Pickup (6.51%)
Method choice impact: Cheapest vs most expensive combo differs by about 4.43 percentage points.
Market coverage: ~16 active providers (competition level: competitive)
Typical speed: About 26 hours (~1.1 days)

What to do next: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.

Below, we provide various useful and detailed insights for USA to Philippines money transfers.

📈 USD to PHP exchange rate markup can be the biggest hidden cost

The exchange rate on your USA to Philippines money transfers can often be the single biggest factor that will determine your overall USD 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^ⓘThe mid-market exchange rate (also called the interbank rate) is the real USD to PHP exchange rate before providers add their margin or fees. exchange rate and the exchange rate you receive.

Based on 742 pricing observations across 16 providers over the last 3 years (for a USD 200 money transfer benchmark), we see the following exchange rate markup ranges for US Dollar to Philippines transfers:

Average exchange rate markup: 1.38%
Median exchange rate markup: 1.27%
Lowest observed markup: -2.99%^ⓘ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 observed markup: 4.68%

That is an FX markup spread of 7.67 percentage points between the lowest and highest observed exchange rate markups.

This spread is important because FX markup is not consistent across providers or payment methods. In other words, a "good deal" on one day or transfer amount can look very different on another.

For example, on a USD 200 transfer, the above markup range is equivalent to roughly PHP 15.34 purely from differences in the exchange rate. That incremental saving can be PHP 38.35 for a USD 500 transfer.

How to use this insight: When comparing providers for USA to Philippines international remittances, always compare the exchange rate you receive (not just fees). A small difference in the FX markup can outweigh fees quickly, and the impact typically grows as transfer amounts increase.

USD to PHP exchange rate can be the single most critical cost determining factor for your transfer. When comparing providers, pay close attention to the rate you will get.

💰 Transfer fees influence your total USA to Philippines remittance cost

Whilst exchange rate is a major factor affecting total percentage cost, the transfer fee itself can also have a major impact on how much of your US Dollar amount actually reaches your recipient in Philippines.

Based on 742 pricing observations across 16 providers over the last 3 years (USD 200 benchmark), we notice the following fee patterns for US Dollar to Philippines money transfers:

Average transfer fee: USD 6.41
Median transfer fee: USD 5.99
Lowest observed fee: USD 0.00
Highest observed fee: USD 35.00

On a USD 200 transfer, the average fee amount of USD 6.41 represents 3.20% of the total amount sent.

Looking at the overall fee variation, even if two providers provide similar exchange rates, a worst case transfer fee can reduce the final payout by USD 35.00 on the same transfer amount.

For larger transfers, fixed fees generally become less significant as a percentage of the total amount. But for smaller transfers, fees can represent a substantial portion of total cost.

How to use this insight: For your next money transfer from USA 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 fees by providing lower exchange rates (referred to as a hidden fee), so you should also keep an eye on rates whilst paying attention to fees.

💸 Payment and delivery methods matter for USD-PHP remittances

Based on our detailed analysis of historical pricing on the USA to Philippines corridor, we see meaningful variation in overall cost depending on the payment method and delivery method you choose.

Based on 742 pricing observations across 16 providers over the last 3 years (USD 200 money transfer benchmark), the lowest-cost payment and delivery options consistently differ from the highest-cost ones.

For example, here is the average cost variation for popular payment methods used to send money to Philippines from USA:

Debit Card: 3.50%
Bank Account Transfer: 4.14%
Cash: 5.13%
Credit Card: 6.08%

That is a total spread of 2.57 percentage points.

This means that on a USD 200 USD-PHP transfer, you could save (or lose) up to USD 5.15 simply by choosing from amongst the available payment methods.

The savings will only multiply for higher USD amounts.

Similarly, here is the average cost of popular delivery methods used to send money to Philippines:

Mobile Wallet: 2.95%
Bank Deposit: 4.44%
Cash Pickup: 4.88%

The difference between the above delivery methods is 1.93 percentage points.

Once again, this means that you could save up to USD 3.87 on a USD 200 transfer to Philippines by choosing Mobile Wallet versus Cash Pickup.

As you can imagine, the possible combinations of USA payment methods and Philippines delivery methods will all have disparate cost associated with them. Let us look at that next.

Here is a summary table that shows the average cost of payment and delivery method combinations for USA to PHP money transfers.

Payment Method	Delivery Method	Avg cost (%)
Debit Card	Mobile Wallet	2.08
Bank Account Transfer	Mobile Wallet	2.36
Debit Card	Bank Deposit	2.51
Bank Account Transfer	Cash Pickup	3.84
Cash	Bank Deposit	3.94
Debit Card	Cash Pickup	4.02
Credit Card	Mobile Wallet	4.33
Bank Account Transfer	Bank Deposit	4.83
Cash	Cash Pickup	5.45
Credit Card	Bank Deposit	5.82
Credit Card	Cash Pickup	6.51

Combinations are sorted by average total cost % (cheapest to most expensive).

As you can see, the cost differential between these USD-PHP payment and delivery options is significant. To put this in further perspective:

Debit Card → Mobile Wallet has the lowest average cost at 2.08%.
Credit Card → Cash Pickup has the highest average cost at 6.51%.
Debit Card → Mobile Wallet average cost is 4.43 percentage points lower than Credit Card → Cash Pickup.
This means that on a USD 200 money transfer, you could save up to USD 13.01 simply by choosing the best payment and delivery method combo.
Further, on a USD 500 money transfer, the savings increase to USD 32.54.

Here is a quick summary of the average historical cost of various payment and delivery methods for USD to Philippines money transfers.

💸 Cheapest payment and delivery methods (data-backed)

Cheapest payment method: Cost of Debit Card averaged 3.50%, compared to 6.08% for Credit Card, a difference of 2.57 percentage points.
Cheapest delivery method: Cost of Mobile Wallet averaged 2.95%, compared to 4.88% for Cash Pickup (1.93 percentage points higher).
Cheapest combo: Cost of Debit Card → Mobile Wallet averaged 2.08%, which is 4.43 percentage points lower than Credit Card → Cash Pickup (6.51%).

How to use this insight: As you compare money transfer providers for your next USA to Philippines international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.

This approach can help you avoid a common remittance pitfall of "cheap exchange rate, expensive methods" that can raise total cost even when the headline exchange rate looks attractive.

You can save money on your USA to Philippines remittances by carefully choosing the most economical payment and delivery methods.

🏦 Are banks more expensive than specialist providers for USD-PHP money transfers?

We compared traditional banks with specialist money transfer providers based on 3 years of pricing data for USA to Philippines transfers (USD 200 benchmark), and noticed some patterns.

We observed that traditional banks charge 2.12 percentage points more on average than specialist money transfer providers for the USA to Philippines remittance corridor.

That means banks are approximately 1.49x more expensive than money transfer companies on average.

Here are the key stats behind this comparison:

	Banks	Specialists	Difference
Average transfer fee	USD 10.55	USD 5.82	USD 4.73
Exchange rate markup	1.17%	1.40%	-0.24 pp
Average total cost (%)	6.44%	4.32%	2.12 pp

How to use this insight: Whilst banks in USA may offer convenience and brand familiarity, specialist money transfer providers often deliver lower overall cost driven by better exchange rates and lower fees. Even if you want to send money overseas with your bank in USA, we recommend comparing with money transfer companies to find the best options.

📊 Does sending more reduce the cost of USD-PHP money transfers?

To see if transfer cost varies based on the amount sent, we compared the average costs of sending USD 200 vs USD 500 from USA to Philippines.

We found that sending the higher amount (USD 500) tends to be cheaper - average cost drops from 4.58% to 3.12%, a reduction of 1.46 percentage points.

It is possible that the cost may continue to drop for higher transfer amounts. That said, always check the latest exchange rates and fees for your transfer amount.

How to use this insight: Since it is generally cheaper to send higher US Dollar amounts to Philippines, consider consolidating smaller, more frequent transfers into fewer, larger sends as doing so may reduce the total cost you pay.

🏛 How competitive is the USA to Philippines remittance market?

Based on 742 pricing observations over the last 3 years (USD 200 money transfer benchmark), the USD-PHP corridor is served by 16 active providers on an average.

With 16 providers serving this market, we consider the level of competition in this corridor to be competitive.

Traditional banks represent only 25% of active providers in this corridor (4 out of 16), meaning specialist money transfer companies make up the majority.

A corridor with more active providers is typically more competitive, which can translate into better pricing and more payment and delivery options for your USA to Philippines remittances.

⏱️ How fast are USD-PHP money transfers?

Transfer speed can matter just as much as cost, especially when your recipient in Philippines needs funds urgently.

Based on 742 historical pricing observations across 16 providers over the last 3 years (USD 200 benchmark), here is what we see for USA to Philippines transfers:

Typical transfer time: About 26 hours (~1.1 days).
Fastest transfer time: About less than 1 hour.
Slowest transfer time: About 144 hours (~6.0 days).
Average speed at USD 200: About 26 hours (~1.1 days).
Average speed at USD 500: About 26 hours (~1.1 days).

Banks vs money transfer providers: We observed that banks are on average 4 hours faster than specialist money transfer providers on this corridor.

How to use this insight: If you need to send money from USA to Philippines in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed often varies by payout method (bank vs cash vs wallet) and local rails in Philippines.

On the USA to Philippines corridor, delivery speed can vary across providers, so it is worth comparing transfer speed alongside total cost for time-sensitive money transfers.

Frequently Asked Questions about USA to Philippines money transfers

These FAQs use data from RemitFinder's historical analysis of USA to Philippines money transfers over several years.

What factors affect the total cost of sending money from USA to Philippines?

USD-PHP exchange rate markup, transfer fees, payment method and delivery method all affect total cost.

The total cost of your USD-PHP money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate markup applied, and any transfer fee charged by the provider. You can generally avoid overpaying by comparing various providers.

How much does the exchange rate markup affect USA to Philippines transfers?

USD-PHP exchange rate markup can significantly affect your final payout.

Historical US Dollar to PHP FX markup ranges from -2.99% to 4.68%, a spread of 7.67 percentage points. As you can see, even small differences in the exchange rate markup can easily outweigh fees.

Can USD-PHP exchange rate markup be negative?

Yes, negative markup can occur for USA to Philippines transfers, usually representing a promotional rate.

In some cases, providers may offer promotional exchange rates that are better than the mid-market rate, resulting in a negative USD-PHP exchange rate markup. These offers are typically limited in size, eligibility, or duration. Compare providers to see if you can take advantage of such special offers.

Is the exchange rate or the fee more important for USA to Philippines transfers?

Both exchange rate markup and transfer fees matter for USD-PHP transfers — their relative impact changes with transfer amount.

Exchange rate markup ranges from -2.99% to 4.68% (a spread of 7.67 percentage points). Transfer fees range from USD 0.00 to USD 35.00, which equals roughly 17.50 percentage points of a USD 200.00 transfer.

At USD 200.00, the larger driver of overall cost variation is the transfer fee, whilst at USD 500.00, it shifts toward exchange rate markup.

But regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for USA to Philippines transfers.

As the transfer amount increases, the % impact of fees often decreases (because the fee gets spread across a larger USD 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 markup often becomes the bigger driver. Either way, comparing both helps you get the most PHP for your USD.

How much can USA to Philippines transfer costs vary between providers?

Transfer costs can vary significantly depending on provider and method.

Historical transfer costs range from -2.98% to 17.50% for USD transfers to Philippines. That is a spread of 20.48 percentage points, meaning the difference between providers can be material.

A major contributor to this variation is exchange rate markup. Markup alone ranges from -2.99% to 4.68% (a spread of 7.67 percentage points). Even small differences in FX margin, therefore, can significantly change the final PHP payout.

Why does the same USD transfer cost different amounts when sending PHP to Philippines?

Payment method, delivery method, exchange rate markup, and fees all affect total USD-PHP cost.

Costs vary because providers apply different US Dollar exchange rate markups, charge different transfer fees, and offer different payment and delivery methods. Even small differences amongst all these factors can significantly change the final payout in PHP in Philippines.

How stable are transfer costs in the USA to Philippines corridor?

Money transfer costs can vary meaningfully across providers and methods in the USA to Philippines market.

When we analyzed the historical total cost for USD-PHP transfers, we observed a range from -2.98% to 17.50% (20.48 percentage points), along with a variability (standard deviation) of about 2.52%.

A major driver of cost in this market is exchange rate markup. Markup ranges from -2.99% to 4.68% (7.67 percentage points), with a standard deviation of about 1.20%. Fees and method choices can contribute to further volatility.

This reinforces why comparing money transfer providers and their services can matter when it comes to getting the most of your USD-PHP transfers.

Which payment method is cheapest for USA to Philippines remittances?

Debit Card is the cheapest payment method in USA based on average cost.

Debit Card averages 3.50% of total cost compared to Credit Card at 6.08%, a difference of 2.57 percentage points.

Based on this, we recommend paying for your USD transfer with Debit Card, and avoiding Credit Card if possible.

Is Debit Card cheaper than Credit Card for USA to Philippines transfers?

Debit Card is cheaper on average when sending money to Philippines from USA.

For USD-PHP transfers, Debit Card funding averages 3.50% compared to 6.08% for Credit Card payments, a difference of 2.57 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 USD-PHP money transfers?

Mobile Wallet is the cheapest delivery method in Philippines on average.

Mobile Wallet averages 2.95% total cost compared to Cash Pickup at 4.88%, a spread of 1.93 percentage points.

If your recipient in Philippines can accept Mobile Wallet, we recommend choose it as your preferred delivery option for USD-PHP transfers.

Is Bank Deposit cheaper than Cash Pickup for USA to Philippines transfers?

Bank Deposit is cheaper on average for transfers to Philippines.

For USD transfers to Philippines, Bank Deposit averages 4.44% versus 4.88% for Cash Pickup, a difference of 0.44 percentage points. To save more, consider choosing the cheapest delivery option for Philippines.

What is the cheapest way to send money from USA to Philippines?

For USD-PHP transfers, Debit Card → Mobile Wallet has the lowest-cost combination on average.

We evaluated 11 payment and delivery method combinations in the USA to Philippines remittance market.

Based on historical averages, Debit Card → Mobile Wallet costs about 2.08% on average. At the other end of the spectrum, Credit Card → Cash Pickup is the most expensive combination at about 6.51% on average.

The spread between the cheapest and most expensive method combinations is approximately 4.43 percentage points when sending USD to Philippines.

Money transfer providers tend to price payment and delivery methods for USA to Philippines remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your USD-PHP transfers.

Does sending more money reduce the cost for USA to Philippines transfers?

Larger USD-PHP transfers are cheaper as a percentage on average.

The cost of a USD 200 transfer averages 4.58% as compared to 3.12% for a USD 500 transfer, a difference of 1.46 percentage points.

Note that transfer cost can change quickly based on the USD amount you send, so ensure to carefully compare providers.

How long does it take to send money from USA to Philippines?

Most USD-PHP transfers complete in about 26 hours (~1.1 days).

Based on our analysis, the average transfer time is 26 hours (~1.1 days), with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).

Are instant transfers available from USA to Philippines?

Yes, some transfers to Philippines from USA can complete in less than one hour.

Historical data shows that certain providers can complete transfers in under one hour.

Note that the actual speed of your USD-PHP transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.

Are banks more expensive than money transfer companies for USA to Philippines?

Banks in USA are more expensive than specialist money transfer providers on average.

Banks average 6.44% total cost compared to 4.32% for specialist money transfer providers in USA, a difference of 2.12 percentage points.

Why do banks charge more for USA to Philippines transfers?

Banks in USA often apply higher exchange rate markups and charge high wire transfer fees.

In this corridor, banks average 6.44% total cost compared to 4.32% for money transfer specialists.

The difference is often due to the fact that banks in USA charge higher exchange rate markups, and often higher wire transfer fees as well.

How competitive is the USA to Philippines remittance market?

On an average, there have been 16 active providers facilitating USD-PHP transfers.

Based on historical data, the competition level in USA to Philippines is considered competitive with 16 active providers.

Specialist money transfer providers represent about 75% of identified providers in USA.

Do I risk overpaying if I do not compare providers for USA to Philippines?

The difference between providers servicing USA to Philippines can be meaningful, especially as the USD transfer amounts increase.

Historically, total USD-PHP transfer cost has varied by about 20.48 percentage points. On a USD 200 transfer, that can translate to roughly USD 40.96 in savings.

USD-PHP exchange rate markup also varies across providers. The average markup spread has been about 7.67 percentage points. On a USD 200 transfer, that is roughly USD 15.34 saved from FX alone.

Fees can also make a big difference in this market. The fee difference across providers has been about USD 35.00 traditionally.

That is why comparing providers can materially change how much of the USD you send does your recipient receive in Philippines in Philippines.

Latest USD to PHP Conversion Rates

Here are some latest USD to PHP (US Dollar to Philippine Peso) exchange rates for popular conversion amounts*.

1 USD	58.54 PHP
5 USD	292.70 PHP
10 USD	585.40 PHP
25 USD	1,463.49 PHP
50 USD	2,926.98 PHP
100 USD	5,853.95 PHP
150 USD	8,780.93 PHP
200 USD	11,707.90 PHP
250 USD	14,634.88 PHP
300 USD	17,561.85 PHP
400 USD	23,415.80 PHP
500 USD	29,269.75 PHP
600 USD	35,123.70 PHP
700 USD	40,977.65 PHP
800 USD	46,831.60 PHP
1000 USD	58,539.50 PHP
1500 USD	87,809.25 PHP
2000 USD	117,079.00 PHP
2500 USD	146,348.75 PHP
3000 USD	175,618.50 PHP
4000 USD	234,158.00 PHP
5000 USD	292,697.50 PHP
10000 USD	585,395.00 PHP
15000 USD	878,092.50 PHP
20000 USD	1,170,790.00 PHP
30000 USD	1,756,185.00 PHP
40000 USD	2,341,580.00 PHP
50000 USD	2,926,975.00 PHP
100000 USD	5,853,950.00 PHP

*Based on the Mid-market^ⓘThe mid-market exchange rate (also called the interbank rate) is the real USD to PHP exchange rate before providers add their margin or fees. Exchange Rate. Actual payout may vary based on the chosen money transfer provider.

Other popular countries to send money from USA

¹ Based on 742 pricing observations across 16 firms over the last 3 years for a USD 200 money transfer from USA 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 USA 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.

Compare today's USD to PHP (US Dollar to Philippine Peso) exchange rates