US Dollar to Philippine Peso - Accurate Exchange Rate Information

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Collection of banknotes with dollar bill on top
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The US dollar to Philippine peso exchange rate is a crucial piece of information for anyone traveling to the Philippines or doing business with the country.

The exchange rate can fluctuate frequently, with a slight difference in rates depending on the bank or currency exchange service used.

You can expect to get around 50-60 Philippine pesos for every US dollar, but this rate may vary depending on the time of day, day of the week, and other market conditions.

To get the most accurate and up-to-date exchange rate, it's best to check online currency conversion tools or visit a local bank or currency exchange service in person.

Exchange Rate Information

The exchange rate between the US dollar and the Philippine peso is a crucial piece of information for anyone traveling to the Philippines or doing business with the country. In the last week, the exchange rate has been relatively stable, with 1 USD equaling 58.545038 PHP on Saturday, January 18, 2025.

Flat lay of Philippine peso bills, coins, smartphone, and notebook. Ideal for financial themes.
Credit: pexels.com, Flat lay of Philippine peso bills, coins, smartphone, and notebook. Ideal for financial themes.

The exchange rate can fluctuate daily, but it's essential to have a general idea of the current rate. The high and low exchange rates for the last 30 days are 59.1100 and 57.8855 PHP, respectively, with an average of 58.4231 PHP.

Here's a breakdown of the exchange rate information for the last 30 and 90 days:

These statistics give you a sense of the exchange rate's volatility and can help you make informed decisions when converting your money or investing in the Philippine economy.

Conversion Tools

If you need to convert US dollars to Philippine pesos, there are several tools at your disposal. OANDA's Currency Converter is a reliable option that allows you to check the latest foreign exchange rates and convert major world currencies.

You can also use the table provided to see the current exchange rate. For example, 1 USD is equivalent to 58.545038 PHP.

To convert US dollars to Philippine pesos, you can simply type in the amount you want to convert and select the correct currencies in the dropdown menu. Our currency converter will show you the current rate and how it's changed over the past day, week, or month.

For more insights, see: Currency Converter Krw

Dollar Bills Used for Bills Payment
Credit: pexels.com, Dollar Bills Used for Bills Payment

For instance, if you want to convert 100 USD, the equivalent amount in PHP is 5,854.5. If you want to convert 100,000 USD, the equivalent amount in PHP is 5,854,503.8.

Here's a quick reference table to help you convert US dollars to Philippine pesos:

Keep in mind that exchange rates can fluctuate, so it's always a good idea to check the current rate before making a conversion.

How to Convert

To convert US dollars to Philippine pesos, you'll need to follow these simple steps. First, type in the box how much you want to convert.

Select USD in the first dropdown as the currency you want to convert from, and PHP in the second dropdown as the currency you want to convert to. Our currency converter will automatically show you the current USD to PHP rate.

The converter will also display how the rate has changed over the past day, week, or month. This gives you a better understanding of the exchange rate fluctuations.

If this caught your attention, see: Convert Dollar to Vietnam Dong

Currency Details

A detailed close-up of Argentinian pesos and a US dollar, showcasing currency contrast.
Credit: pexels.com, A detailed close-up of Argentinian pesos and a US dollar, showcasing currency contrast.

The Philippine Peso is the official currency of the Philippines, and it's used for payment within the country's territory. It's denoted by the symbol ₱ and has the code PHP.

One peso is equal to 100 sentimo, and the Philippine Peso was introduced in 1852, replacing the real. The notes are not printed in the Philippines, but rather in Europe, with the majority being printed in France.

Here are the denominations of coins and banknotes in circulation:

  • Coins: 1¢, 5¢, 10¢, 25¢, ₱1, ₱5, ₱10
  • Banknotes: ₱20, ₱50, ₱100, ₱200, ₱500, ₱1000

Dollar

The US dollar is the national currency of the United States of America, one of the global reserve currencies. It's used as an official currency unit in several countries.

The US dollar is abbreviated as USD for convenience and internationalization purposes. It's subdivided into 100 cents, making it a convenient unit for everyday transactions.

The US dollar has a long history, dating back to 1792. Initially, dollars were made of silver, but paper notes soon followed. The traditional greenish or grey color of the currency has been consistent since its inception.

Decorative cardboard appliques representing hand with dollar banknotes and numbers above chart on blue background
Credit: pexels.com, Decorative cardboard appliques representing hand with dollar banknotes and numbers above chart on blue background

Around 35 million pieces of dollars of different denominations worth 635 million emigrate to the USA daily. This highlights the significant volume of currency in circulation.

Here are the denominations of coins in circulation:

  • 10¢
  • 25¢

The US dollar has various denominations of banknotes in circulation, including $1, $2, $5, $10, $20, $50, and $100.

PHP

The Philippine peso, also known as PHP, is the official currency of the Philippines. It's used for payment within the country's territory.

The PHP currency code is PHP, and its symbol is ₱. You can find this information in the currency details section.

One peso is equal to 100 sentimo. This is a useful fact to know, especially when dealing with small transactions.

The Philippine peso was issued in 1852 and officially replaced the real. The government uses third-party companies located in Europe to print the notes, with the bulk being printed in France.

Here are the denominations of coins and banknotes in circulation:

  • Coins: 1¢, 5¢, 10¢, 25¢, ₱1, ₱5, ₱10
  • Banknotes: ₱20, ₱50, ₱100, ₱200, ₱500, ₱1000

These denominations are widely accepted and can be used for everyday transactions.

Frequently Asked Questions

Is the Philippine Peso going up or down?

The Philippine Peso is currently down by 0.55% from the previous market day. However, it has appreciated by 4.92% over the past year.

Is the Philippine Peso going up or down?

The Philippine Peso is currently increasing in value, up 0.35% from the previous market day. It has also gained 4.66% over the past year.

Is the dollar going up or down in the Philippines?

The US dollar is currently decreasing in value against the Philippine peso, with a -0.073% change since yesterday. Over the past week, the dollar has seen a -1.185% decrease in value.

What is the highest USD exchange rate in PHP history?

The highest USD exchange rate in PHP history reached 60.66 in November 2024. This is the highest recorded value in the currency's history.

What is the forecast for the Philippines peso?

Our forecast suggests the Philippine peso is expected to trade at approximately 59.27 in 12 months' time.

Carlos Bartoletti

Writer

Carlos Bartoletti is a seasoned writer with a keen interest in exploring the intricacies of modern work life. With a strong background in research and analysis, Carlos crafts informative and engaging content that resonates with readers. His writing expertise spans a range of topics, with a particular focus on professional development and industry trends.

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