USD to PHP - Today's Best US Dollar to Philippine Peso Exchange Rates

Name: USD to PHP
Brand: CompareRemit
Price: 56.66 PHP
Availability: InStock

Looking to send money to the Philippines from the U.S.? We’ve got you covered. Compare today’s current USD to PHP exchange rates from top money transfer providers, all in real-time. Find the best USD to PHP money transfer rates, lowest fees for sending money to the Philippines, and fastest delivery times to get the most pesos for your dollars.

Whether you’re supporting family back home or handling business payments, getting a great exchange rate makes a real difference. Use our comparison tool to find the right provider for your needs.

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USD to PHP Today

The current USD to PHP rate sits at ₱55.65.

Exchange rates fluctuate frequently based on global market activity. While the peso has remained relatively stable this year, current trends suggest a short-term decrease in the USD to PHP rate. Forecasts indicate a -3.83% dip over the next month, potentially bringing the rate to around ₱53.52.

Looking further ahead, the rate may drop as low as ₱49.24 over the next 6 months and could fall to ₱46.81 by mid-2026. However, a rebound is projected, with an upside potential reaching ₱55.71 later in 2025.

What’s Driving the USD to PHP Exchange Rate?

Several economic factors are influencing the current USD to PHP trends in 2025:

Monetary policy divergence between the U.S. Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) has played a major role. The Fed is expected to ease interest rates, while the BSP remains cautious, supporting the peso.
Remittance inflows from OFWs continue to strengthen the peso and remain a critical part of the Philippine economy.
Global market sentiment has shifted, with investors pulling back from the U.S. dollar amid easing inflation and recession fears.
Rising import costs, especially for energy, have previously put pressure on the peso—but improving domestic growth is helping stabilize the currency.

USD to PHP Forecast – What to Expect in 2025

The next few months may bring a softer U.S. dollar against the peso. With forecasts pointing to a year-low of ₱46.81, senders may want to act soon to take advantage of today’s higher rates. On the other hand, those converting pesos to dollars could benefit from waiting until late 2025 when a recovery to the mid-₱55 range is expected.

Currency fluctuations are part of a global financial cycle, and 2025 is shaping up to be a year of both risk and opportunity for those involved in international money transfers.

Why Don’t You Always Get the Rate You See?

When you search "USD to PHP today," you might see a rate like "1 USD = ₱57.02." However, the rate you receive when transferring money may differ. This discrepancy arises because the displayed rate is often the "mid-market" or "interbank rate"—the rate used by banks and money transfer services when they trade currency among themselves. Retail customers typically receive a rate slightly less favorable, as providers add a margin to cover their costs and profit.

Understanding the Mid-Market Rate in USD to PHP Money Transfers

The rate you see in search engines or financial news is typically the mid-market rate (also called the interbank rate). This is the midpoint between the buy and sell prices of two currencies. It’s what banks and financial institutions use when trading large volumes of currency among themselves.

However, this is not the rate retail customers receive. Money transfer providers usually add a markup to this base rate to cover their operational costs and generate profit. As a result, the rate you receive when sending money will be slightly less favorable than what’s shown publicly.

Tip: Always check the final rate (after fees and markups) on the provider’s platform before making a transfer.

Sending Money to the Philippines? Compare Before You Transfer

Not all remittance services offer the same value. Even with similar USD to PHP rates, fees, delivery speed, and service quality can vary widely. That’s why using a comparison tool like CompareRemit helps you find:

The best real exchange rates
The lowest transfer fees
The fastest delivery times

Whether you're sending money to the Philippines for family support, tuition, or investment, comparing providers can make a significant difference in what your recipient receives.

Is Now a Good Time to Send USD to PHP?

If the bearish forecast holds, the current rate of ₱55.65 may be among the year’s best. A falling dollar in the coming months could reduce the value of your transfer, so many senders are choosing to act now.

However, if you’re planning to exchange pesos into U.S. dollars, waiting for a rebound later in the year may lead to better returns. Comparing exchange rates and monitoring live USD to PHP trends can help you decide when to make your move.