Moneygram usd to php Transfer Rates and Information for Philippines

Moneygram USD to PHP transfer rates can be a bit complex, but I'm here to break it down for you.

You can transfer money from the US to the Philippines using Moneygram, and the exchange rate is determined by the current market rate.

Moneygram offers competitive exchange rates, often lower than banks, but they also charge a transfer fee.

The transfer fee for Moneygram varies depending on the transfer amount and the sender's location, typically ranging from $4.99 to $24.99.

The USD to PHP conversion is a crucial aspect of sending money or traveling to the Philippines. The exchange rate can fluctuate frequently due to market conditions, so it's essential to check the current rate before making a transaction.

You can find popular conversion amounts for USD to PHP in the table below. For example, $1 is equivalent to ₱ 58.42, while $100 is equivalent to ₱ 5,842.

Keep in mind that exchange rates can vary depending on the provider, and some may apply a margin to the rate, resulting in a less favorable rate for customers.

The exchange rate is a crucial factor when converting US dollars to Philippine pesos with Moneygram. The mid-market rate is the best rate you can get, but banks and foreign exchange providers often apply a margin, resulting in a less favorable rate for customers.

Exchange rates can fluctuate frequently due to market conditions, so it's essential to keep an eye on the USD/PHP rate on currency markets. Try to make your transactions when the exchange rate is in your favor.

Some credit cards charge additional fees for transactions made in a foreign currency, so it's essential to check with your card issuer to see if they charge these fees and what their exchange rate is.

Your chosen payment method can also come with extra costs. Bank transfer is usually the cheapest option, especially compared to payment with credit or debit card.

The cost of international money transfers with Moneygram will depend on where you are sending money from and to. Check our comparison table to find a price for your money transfer.

Here are some popular conversion amounts for USD to PHP:

The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The cost of sending money abroad with Moneygram can vary greatly depending on where you're sending from and to.

You can check the comparison table to find a price for your money transfer, but keep in mind that your chosen payment method can also come with extra costs.

Bank transfer is usually the cheapest option, especially compared to payment with credit or debit card.

Moneygram exchange rates can vary significantly between different currency exchange providers, so it's essential to compare rates from different sources before making a conversion.

You can save money by using a specialized currency exchange service like Moneygram or platforms that offer rates closer to the mid-market rate.

The Moneygram Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Moneygram and other foreign exchange providers against the latest USD-PHP mid-rate.

To calculate the Total Cost you are being charged on your currency transaction by Moneygram versus the market mid-rate, use the comparison table above.

Some providers may advertise low fees, but add hidden costs to the exchange rate without telling you.

To avoid this, compare Moneygram to other providers, like Wise, to see how much you can save.

Here's a comparison of the costs using the bank transfer method:

Note: The costs listed are for the bank transfer method and may not include all fees associated with each provider.

The market data for the US dollar (USD) to Philippine peso (PHP) exchange rate is a crucial aspect to consider when sending or receiving money through MoneyGram. The current interbank exchange rate is 58.55 PHP per USD.

The exchange rate has been fluctuating over the years, with a significant increase of 32.5% from 44.06 PHP per USD in February 2015 to 58.55 PHP per USD in January 2025. This is a substantial change that can impact the value of your money.

Here are some key market data points to keep in mind:

It's essential to keep an eye on these market data points to make informed decisions when transferring money through MoneyGram.

If you're sending money to the Philippines or exchanging US dollars for Philippine pesos, it's essential to know the equivalent amounts. The current exchange rate for USD to PHP is around 58.42 PHP per USD.

Here are some popular conversion amounts for USD to PHP:

For smaller amounts, you can also use the following conversion rates:

Keep in mind that these rates may vary depending on the exchange rate and the service provider you use.