: Actions by the Bangko Sentral ng Pilipinas (BSP) to control inflation or interest rates directly impact the currency's value.
Banks and transfer services usually add a "markup" (a hidden fee) to this rate when you buy or sell. :
As of April 28, 2026, the exchange rate is . Conversely, 1 US Dollar (USD) is worth approximately 61.03 PHP . 1 PHP equals As of Apr 28, 12:45 AM EDT • Disclaimer Apr 28, 2026 Quick Reference Guide philipino peso dollar exchange rate
: Services like Wise or Remitly often offer rates closest to the mid-market rate with lower transparent fees.
: Large inflows of money from Overseas Filipino Workers (OFWs) often strengthen the Peso, especially during holiday seasons. : Actions by the Bangko Sentral ng Pilipinas
: The PHP often fluctuates based on the strength of the US Dollar and broader economic trends in Asia.
: In the Philippines, established stalls (like those in major malls) often give better rates than airport counters. Conversely, 1 US Dollar (USD) is worth approximately 61
: Withdrawing PHP directly from a local ATM often provides a competitive rate, though check your home bank's foreign transaction fees first. Key Factors Influencing the Rate :