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USD USD PHP PHP 🔥 Most searched Rate as of2026-05-16

USD to PHP Converter.

Current rate

1 USD = 57.8 PHP as of 2026-05-16. One of the world's top remittance corridors — OFW (Overseas Filipino Worker) inflows are over $39 billion/year and form ~8.5% of the Philippines' GDP. PHP has weakened ~20% against USD over 5 years driven by widening current account deficit and Bangko Sentral ng Pilipinas' more dovish stance vs the Fed. The BPO industry (call centers, back-office) also generates massive USD-PHP conversion volume.

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USDPHP Converter

$
🇺🇸 $1.00 = 🇵🇭
₱57.80
Rate: 1 USD = 57.8000 PHP
Common conversions
🇺🇸 USD🇵🇭 PHP
$1.00₱57.80
$10.00₱578.00
$100.00₱5,780.00
$500.00₱28,900.00
$1,000.00₱57,800.00
$5,000.00₱289,000.00
$10,000.00₱578,000.00
$50,000.00₱2,890,000.00
$100,000.00₱5,780,000.00
✨ Mid-market rate · as of 2026-05-16 · Real-world transfer rates may differ 0.5-3% depending on provider · Not financial advice
📈 Trend

USD trend over time.

Today
57.8
1 USD = PHP
1 year ago
58.4
↓ 1.0% in 12 months
5 years ago
48.2
↑ 19.9% in 5 years
🔢 Quick reference

USD to PHP conversion table.

Common US Dollar amounts converted to Philippine Peso at today's rate of 1 USD = 57.8 PHP. The reverse holds too: 1 PHP = 0.0173 USD.

USD → PHP
1 USD 57.8 PHP
5 USD 289 PHP
10 USD 578 PHP
25 USD 1,445 PHP
50 USD 2,890 PHP
100 USD 5,780 PHP
500 USD 28,900 PHP
1,000 USD 57,800 PHP
5,000 USD 289,000 PHP
10,000 USD 578,000 PHP
PHP → USD
1 PHP 0.0173 USD
5 PHP 0.0865 USD
10 PHP 0.173 USD
25 PHP 0.4325 USD
50 PHP 0.8651 USD
100 PHP 1.73 USD
500 PHP 8.65 USD
1,000 PHP 17.3 USD
5,000 PHP 86.51 USD
10,000 PHP 173.01 USD
💡 About this corridor

Why people convert USD to PHP.

The USD/PHP corridor is driven mostly by global reserve currency and remittances from US-based workers. On the Philippine Peso side, demand comes from OFW remittances, BPO industry payments, and real estate. Because both sides see steady two-way flow, USD/PHP is one of the more liquid pairs in this region — which usually means tighter spreads and smaller markups than thinly-traded exotic pairs.

Over the past 12 months the US Dollar has moved down 1.0% against the Philippine Peso, and over five years it has strengthened about 19.9% (from 48.2 to 57.8). If you're sending money on this corridor, that trend matters: a rising rate means timing your transfer — or locking a rate with a forward contract for large amounts — can change the Philippine Peso you receive by a meaningful margin.

Getting the best USD → PHP rate. The figure above is the mid-market rate — the "true" rate banks and brokers reference. Most banks add a 1–3% margin on top and may charge a flat wire fee. Specialist services (Wise, Remitly, and regional exchange houses on this corridor) typically convert closer to mid-market. Always compare the effective rate after all fees, not just the headline rate — on a large USD transfer, a 2% difference is real money.

Rates shown are indicative mid-market rates as of 2026-05-16 and are for informational purposes only — not a quote or financial advice. Confirm the live rate with your provider before transacting.

❓ FAQ

USD to PHP FAQ.

What is the best way to send USD to PHP for OFW remittance?
For smaller amounts (₱5,000-100,000 / $90-$1,800): Wise, Remitly, and WorldRemit typically beat banks by 1-2% in effective rate. For larger amounts ($5,000+): GCash-linked transfers from US/UAE/Saudi via TransferGo or Western Union digital can be cheaper than wire. For institutional rates: BDO, Metrobank, and BPI corporate FX desks negotiate down to ~50 bps below mid-market for ₱1M+ blocks.
Why has PHP weakened against USD?
Three reasons: (1) the Philippines runs a structural current account deficit (imports > exports), (2) Bangko Sentral cut rates faster than the Fed in 2024-2025 narrowing the interest differential, (3) global risk-off in early 2026 drove EM currency depreciation broadly. PHP has been one of the underperformers in ASEAN but is not in crisis.
OFW remittance — when to convert USD to PHP?
Most OFWs send fixed monthly amounts to families — dollar-cost averaging is automatic. For lumpy income (end-of-contract bonuses): if you have flexibility, watch the 100/200-day moving average and convert in 2-3 tranches when PHP weakens by 1.5%+ vs the recent average. Don't try to call exact tops/bottoms — most retail forex timing loses.