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PHP/USD Exchange Rate

PHP 1.00 = USD Reference Mid-Rate       /
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BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers. We also provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and information and reviews of currency brokers.

Daily Currency Market Commentary
Daily currency news provided by OzForex

The Japanese Yen has been under close watch over the last couple weeks sinking sharply lower as the Bank of Japan has made tactical moves introducing further stimulus to help the struggling economy. In the BoJ’s meeting today the minutes have shown opposition to further easing with concerns primarily over the side effects to the aggressive program in place. The Yen reacted quickly showing a slight reprieve to what has been a tough few weeks rallying against most major currencies.
In the US overnight investors witnessed a session of volatile trade as the night began with upbeat preliminary GDP figures sending the US dollar higher. Unfortunately for the safe haven currency an unexpectedly disappointing consumer confidence release to end trade overshadowed the strong third quarter growth showing confidence falling to 88.7 this month from 94.1 in October. The poor data saw the Greenback sold off across the board dropping nearly half a cent against the Euro. Tonight all eyes will be fixated on US numbers as there is a myriad of high impact announcements to be released in quick succession. 
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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

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