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PHP/USD Exchange Rate

PHP 1.00 = USD Mid-Rate       /
Here at BER we are dedicated to helping you compare and get the best currency exchange rates for Philippine Peso Bank Transfers We also provide currency converter calculators, up-to-date market research and information on both banks and online currency brokers. Select Type >

Popular PHP Mid-Rates & Charts (30 days & 3 years) :

Daily Currency Market Commentary
Daily currency news provided by OzForex

The U.S Dollar rally found new support amidst the Federal Reserve’s Open Market Committee (FOMC) meeting minutes for July. The minutes indicated policy makers may look to raise interest rates, tightening monetary policy sooner than anticipated.  The key macroeconomic event marks an apparent shift in Fed stance from dovish to hawkish bias as officials acknowledge a string of stronger data sets. The Greenback rally saw EUR/USD driven lower dipping below 1.33 while USD/JPY jumped above 103.00 for the first time since April. Attentions now turn to key French and German Manufacturing Data as the headline events on today’s economic docket. 
Data releases
CB Leading Index m/m
NZD: No data today
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GBP: Retails Sales m/m, Public Net Borrowing
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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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