USD to PHP — today's rate explained
As of 2026-07-08, 1 US Dollar equals 61.5136 Philippine Peso at the mid-market exchange rate. This is the fairest reference rate — the midpoint between what buyers and sellers are paying on global currency markets.
The Philippines receives billions in overseas-worker remittances annually. USD/PHP is one of the most important rates for Filipino families receiving money from abroad.
About the USD and PHP
US Dollar (USD, $): The US Dollar is the world's primary reserve currency and the most traded currency on global foreign-exchange markets. It is the official currency of the United States.
Philippine Peso (PHP, ₱): The Philippine Peso is supported by remittance inflows from overseas Filipino workers. It is used in the Philippines.
What moves the USD/PHP exchange rate?
Exchange rates respond to interest-rate decisions by central banks such as Federal Reserve and Bangko Sentral ng Pilipinas, inflation data, trade balances, and geopolitical events.
For USD/PHP specifically, shifts in capital flows between the United States and the Philippines, changes in commodity prices, and differences in economic growth rates all contribute to daily rate movements.
USD to PHP — 30-day performance
Over the past 30 days, USD/PHP traded between 60.3093 and 61.7259, with the pair losing 0.34% overall. The current rate of 61.5136 sits above the 30-day midpoint of 61.0176.
Historical context helps you judge whether today's rate is relatively strong or weak, but past performance does not predict future movements. Always compare the rate you are offered against the mid-market figure shown here.
How to get a better USD to PHP rate
Banks and card providers typically add a 1–4% margin on top of the mid-market rate shown on this page, plus fixed transfer fees. Before exchanging USD for PHP, compare the final amount you will receive — not just the headline rate.
For larger amounts, specialist money-transfer services often beat bank rates. For travel, prepaid multi-currency cards or local ATMs may offer competitive rates depending on your bank's foreign-transaction fees.