Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
 
Quick Calc
Mid-Rates
-->

Best Exchange Rates | Compare Foreign Exchange Rates from Banks & Currency Providers

         Intn'l Transfer Rates

PHP/USD Exchange Rate

PHP 1.00 = USD Mid-Rate       /
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your Overseas Transfers We also provide currency converter calculators, up-to-date foreign exchange research, news, charts and information on currency vendors.
* Note exchange rates are different for each transaction type : Select Exchange Rate Type

Daily Currency Market Commentary
Daily currency news provided by OzForex

The US dollar has been sold overnight amid ongoing speculation The European Central Bank is prepared to enter the stimulus game as soon as September after figures overnight continued to point towards a stalling recovery. With data showing French Factory confidence fell to its lowest level in 13 months a measure of German consumer sentiment also missed its mark. Given the persistently weak data prints which continue spur rate talk, funds have been shifted out of US and European markets overnight with investors instead seeking higher returns elsewhere. Notably weaker against the Yen this morning at a rate of 103.854 the Euro has the major benefactor of a lower greenback stronger this morning at 1.3192. On the outlook this evening growth numbers from the United States may well proof critical in determining the US dollars next move.  
Data releases
Private Capital Expenditure q/q, HIA New Home Sales m/m
NZD: No data today
No data today
GBP: CBI Realized Sales
View more currency reports

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the PressSMH.com.au Money

“A check with the foreign-exchange comparison website bestexchangerates.net shows a big variation in the exchange rates available when sending money and buying cash.” SMH.com.au ⇒ read article

This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links.    TOS | Full disclaimer | Privacy Statement | Facebook