Convert USD to PHP — Live Exchange Rate

How to convert USD to PHP

To convert USD to PHP, multiply the amount in US dollars by the exchange rate. To go from PHP back to USD, divide by the same rate.

At today's rate, 500 USD × 62.9980 = 31,499.00 PHP. In the other direction, 1 PHP is worth about 0.0159 USD.

If a bank or transfer service applies a 2% margin, the same 500 USD would get you about 30,869.02 PHP — 629.98 PHP less than the mid-market figure. That is why the rate you are quoted is worth checking against the one on this page.

About converting US Dollar to Philippine Peso

US dollar to Philippine peso conversions are driven overwhelmingly by remittances — money sent home by overseas Filipino workers is a major part of the economy. Families receiving funds, and tourists visiting the islands, both watch this rate closely.

The figures here use the mid-market rate — the rate banks use between themselves. When you actually exchange US Dollar for Philippine Peso, your provider adds a margin and may charge a fee, so the amount you receive is usually slightly below the headline rate. Comparing the all-in cost across providers, rather than the advertised rate alone, is the simplest way to keep more of your money.

Disclaimer: rates are for general information and estimation only and may be delayed. They are not a quote and not financial advice. Confirm the exact rate with your bank or a licensed provider before making a transaction.

Method & sources

Rates come from the Frankfurter API, which republishes the euro foreign-exchange reference rates set by the European Central Bank once per working day (around 16:00 CET). Our server caches them for up to one hour, and cross rates such as USD to INR are derived from the two euro rates. No rates are published at weekends or on ECB holidays, so the latest working-day rate is shown.

These are mid-market reference rates. Banks, card networks, transfer services and airport kiosks add a spread or fee on top — commonly 1–3% for cards and more for cash — so the amount you actually receive will usually be lower than the figure shown here.

• European Central Bank — euro foreign exchange reference rates
• Frankfurter API

Disclaimer: results are estimates for educational purposes only and are not financial, tax or legal advice. Verify important figures with a qualified professional or the official source before making decisions.

Page last updated: October 1, 2026