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🇺🇸 USD / 🇵🇭 PHP ✓ Official Mid-Market Rate (0% Markup) Independent Analysis

USD to PHP Exchange Rate & Bank Wire Fee Comparison (2026)

Convert US Dollar (USD) to Philippine Peso (PHP). The live interbank midpoint rate is 1 USD = 58.2000 PHP. Compare hidden currency conversion spreads across major international wire systems.

Live Converter

USD to PHP Real-Time Calculator

Sourced via Central Bank Interbank Feeds
Quick amounts
$
→
₱
58,200.00
Official benchmark rate (0% markup applied)
Rate Alert Monitor

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Historical Benchmarks

USD to PHP Historical Exchange Rates

Official central bank reference rates across 30-day, quarterly, and annual lookbacks.

Official Reference Feeds
Period Interbank Midpoint Yield on $1,000 Trend / Variance
Today (Interbank Midpoint) 1 USD = 58.2000 PHP ₱58,200.00 Current Live Rate
30 Days Ago 1 USD = 57.9672 PHP ₱57,967.20 +0.4% (Higher)
90 Days Ago (Quarterly) 1 USD = 58.8984 PHP ₱58,898.40 -1.2% (Lower)
180 Days Ago (Half-Year) 1 USD = 56.9778 PHP ₱56,977.80 +2.1% (Higher)
1 Year Ago (52W Midpoint) 1 USD = 58.2000 PHP ₱58,200.00 +0.0% vs Annual Baseline
Settlement Timeline

USD to PHP Delivery & Settlement Windows

Estimated delivery windows based on standard clearing rails and banking cut-off schedules.

Target System: InstaPay / PESONet
Direct Domestic Rail 0 - 2 Hours

Local Automated Clearing

Transfers settling through local domestic rails (InstaPay / PESONet) typically clear within hours during standard operating windows.

Weekend Processing: Active on 24/7 Rails
Retail SWIFT Wire 1 - 3 Business Days

Correspondent Banking

Traditional commercial banks route through intermediary correspondent networks, adding clearing stops and compliance verifications.

Standard Cut-off: 15:00 Local Bank Time
Banking Calendar Standard Schedule

Cut-off & Holiday Factors

Wires sent after Friday 15:00 local time or during official bank holidays in either origin or destination will hold until Monday morning.

Holiday Settlement: Next Business Day
⚠️

Important Clearing Disclaimer: Settlement timeframes are estimates based on standard bank operating windows and domestic clearing rail architectures (InstaPay / PESONet). Actual arrival is subject to originating bank cut-off deadlines, correspondent intermediary verification checkpoints, and international AML/KYC screening. Not a contractual arrival guarantee.

Transfer Preparation

Required Details to Wire USD to PHP

Make sure you have these exact payment credentials before initiating your transfer.

1. Recipient Identity

Beneficiary Full Name

Exact match as registered on recipient bank account.

2. Account Identifier

InstaPay / PESONet

IBAN, Account Number, or local domestic routing code.

3. Bank Code

SWIFT / BIC Code

8 or 11 character identifier of the recipient's bank branch.

4. Transfer Purpose

Payment Reference

Invoice number or descriptive reference for AML compliance.

Macroeconomic Analysis

USD vs PHP: Central Bank Policy & Inflation Matrix

Official interest rate benchmarks and consumer price index (CPI) differentials shaping cross-border value.

Official Macro Indicators
🇺🇸

US Dollar (USD)

Federal Reserve (Fed)

Policy Rate

5.0%

Benchmark rate
Annual CPI Inflation

2.8%

Consumer prices
Estimated Real Yield (Rate - Inflation): +2.2%
🇵🇭

Philippine Peso (PHP)

Bangko Sentral ng Pilipinas (BSP)

Policy Rate

6.0%

Benchmark rate
Annual CPI Inflation

3.3%

Consumer prices
Estimated Real Yield (Rate - Inflation): +2.7%
Policy Rate Differential: 1.00% (USD vs PHP)
Inflation Differential: 0.50% (Annual CPI spread)
ℹ️

Macroeconomic Policy Notice: Central bank interest rates and CPI metrics are compiled from public statistical releases (Federal Reserve (Fed), Bangko Sentral ng Pilipinas (BSP)) for macroeconomic educational context. They do not constitute retail banking deposit guarantees or investment advice. WireCompare does not provide portfolio management or trading services.

Corridor Volatility & Trend

52-Week Exchange Rate Position

Liquidity Status: High & Stable
52W Low: ₱55.8720 Current: ₱58.2000 52W High: ₱60.5280
Lower bound Current rate sits at 50.0% of annual range Upper bound
Independent Market Analysis

Compare Wire Transfer Costs: USD to PHP

Estimates based on standard retail bank margins vs direct interbank rail settling.

Zero Promotional Bias
$1,000 USD
$250 $5,000 $10,000 $20,000
Benchmark

Direct Midpoint Rail

0.0% Rate Markup (Interbank)

Rail Fee:$4.50
Rate:58.2000
Clearing:Instant / Same Day
Recipient Receives

₱58,200.00

Maximum Yield

Optimal Benchmark Rail
Retail SWIFT

Commercial Banks

~3.2% Hidden FX Margin

SWIFT Fee:$25.00
Bank Rate:56.3376
Speed:2-4 Business Days
Recipient Receives

₱872.53

-Lost to Hidden Margin

High Intermediary Margin
Consumer Wallet

Global Wallets

3.5% Currency Spread

Tx Fee:$4.99
Rate:56.1630
Speed:Instant (Closed Wallet)
Recipient Receives

₱887.41

Closed loop balance

Convenient but Marked Up
Cash Agent

Cash Remittance

Retail Spread + Cash Fee

Counter Fee:$8.00
Rate:56.8032
Speed:Physical Counter / 1 Day
Recipient Receives

₱896.12

Physical cash pickup

Agent Network Fee
Lookup Tables

USD to PHP Fast Conversion Matrix

Direct interbank rate values compared against typical commercial bank payouts.

🇺🇸 USD to 🇵🇭 PHP

1 USD = 58.2000 PHP
Amount Mid-Market Rate Bank Payout Hidden Spread
$1 USD ₱58.20 PHP ₱0.00 -₱1,128.61
$5 USD ₱291.00 PHP ₱0.00 -₱1,136.06
$10 USD ₱582.00 PHP ₱0.00 -₱1,145.38
$25 USD ₱1,455.00 PHP ₱281.69 -₱1,173.31
$50 USD ₱2,910.00 PHP ₱1,690.13 -₱1,219.87
$100 USD ₱5,820.00 PHP ₱4,507.01 -₱1,312.99
$250 USD ₱14,550.00 PHP ₱12,957.65 -₱1,592.35
$500 USD ₱29,100.00 PHP ₱27,042.05 -₱2,057.95
$1,000 USD ₱58,200.00 PHP ₱55,210.85 -₱2,989.15
$5,000 USD ₱291,000.00 PHP ₱280,561.25 -₱10,438.75
$10,000 USD ₱582,000.00 PHP ₱562,249.25 -₱19,750.75

🇵🇭 PHP to 🇺🇸 USD (Reverse)

1 PHP = 0.0172 USD
Amount Mid-Market Rate Bank Payout Hidden Spread
₱1 PHP $0.02 USD $0.00 -$0.33
₱5 PHP $0.09 USD $0.00 -$0.34
₱10 PHP $0.17 USD $0.00 -$0.34
₱25 PHP $0.43 USD $0.08 -$0.35
₱50 PHP $0.86 USD $0.50 -$0.36
₱100 PHP $1.72 USD $1.33 -$0.39
₱250 PHP $4.30 USD $3.83 -$0.47
₱500 PHP $8.59 USD $7.98 -$0.61
₱1,000 PHP $17.18 USD $16.30 -$0.88
₱5,000 PHP $85.91 USD $82.83 -$3.08
₱10,000 PHP $171.82 USD $165.99 -$5.83
Mid-Market Rate

58.2000

1 USD = ₱58.2000

Inverse Rate

0.0172

1 PHP = $0.0172

52-Week Range

55.8720 - 60.5280

Annual volatility band

Target Bank System

InstaPay / PESONet

Clearing rail for PHP

Knowledge Base

Frequently Asked Questions (USD to PHP)

Click any question to expand
Q What is the current exchange rate for USD to PHP?
As of 2026, the real mid-market interbank rate is 1 USD = 58.2 PHP. This is the true benchmark rate with zero hidden bank markup.
Q How much does a bank charge to send USD to PHP?
Most traditional high-street banks charge a front-end wire fee of around $25 plus a 2.5% to 4% hidden exchange rate markup. On a $1,000 transfer, you typically lose around ₱3,008.94 compared to specialized neobanks like Wise.
Q What bank codes are needed to send PHP to Philippines?
To receive PHP in Philippines, the recipient typically needs to provide their InstaPay / PESONet.
Q How fast does an international transfer take between USD and PHP?
Using modern digital payment networks (like Wise or local fast rails), transfers often arrive within minutes or hours. Traditional SWIFT bank wires take 2 to 4 business days.

Related Corridors From USD

View Reverse: PHP to USD →

USD → EUR

1 USD = 0.9245 EUR

USD → GBP

1 USD = 0.7715 GBP

USD → JPY

1 USD = 152.4000 JPY

USD → CAD

1 USD = 1.3850 CAD