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USD to PHP - US Dollar to Philippine Peso Converter

Convert US Dollar to Philippine Peso with daily ECB exchange rates

1 USD = ~59.16 PHP (rates vary)

Rates verified daily from ECB official reference rates•Source: European Central Bank (16:00 CET daily)•For informational purposes only. Not financial advice.

Quick Insight

USD and PHP usually stay in a familiar range. For quick estimates, 1 USD is around 55-60 PHP, depending on market conditions.

Use mid-market benchmarks as a reference

✈️ Travel budgeting💼 Quick invoice estimates💸 Remittance planning

Common USD - PHP Conversions

24h Change
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7d Change
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30d Change
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1y Change
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Forex Market Hours

Sydney
22:00 - 07:00 UTC
Closed
Tokyo
00:00 - 09:00 UTC
Closed
London
08:00 - 17:00 UTC
Closed
New York
13:00 - 22:00 UTC
Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls
First Friday of month
High Impact
USD pairs
ECB Rate Decision
Every 6 weeks
Medium Impact
EUR pairs

These are typical recurring economic events. Actual dates, times, and market impacts may vary. This information is for general awareness only and should not be used as the sole basis for financial decisions. Always verify current schedules from official central bank sources.

Tips & Recommendations

  • 1Airport exchange bureaus often have higher markups (10-15%) compared to other options
  • 2ATMs with local bank cards typically offer rates closer to mid-market rates
  • 3Paying in local currency helps avoid dynamic currency conversion (DCC) fees
  • 4Notifying your bank before travel can help prevent unexpected card blocks

Frequently Asked Questions

Factors include US policy, Philippine monetary policy, inflation, trade balance, oil prices, and global risk sentiment. Supply-demand changes for imports and exports also matter for businesses.

Economic Context

Trading Relationship

The United States and the Philippines maintain substantial bilateral trade. USD/PHP rates influence the cost of imports like electronics, food products, and energy. The exchange rate affects consumer prices and financing for Philippine firms with US partners.

Key Rate Factors

  • •Federal Reserve policy and US inflation patterns
  • •Bangko Sentral ng Pilipinas monetary stance and inflation
  • •US-Philippines trade balance and tariffs
  • •Global commodity prices and oil costs
  • •Market risk sentiment and flight-to-safety flows

Central Banks

Federal Reserve System
Washington, D.C., United States
Sets US monetary policy, controls interest rates, and provides liquidity to financial institutions.
Bangko Sentral ng Pilipinas
Manila, Philippines
Manages Philippine monetary policy, regulates banks, and maintains financial stability.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates