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PHP 1.00 = USD Inter-Bank Mid-Market Rate    Invert Rate
Here at BER we are dedicated to helping you find the best possible currency exchange rates for Philippine Peso Wire Transfers plus market research and information on both banks and non-bank currency providers. Select
PHP Mid-Rates & Charts (30 days & 3 years) :

Daily Currency Market Commentary
Daily currency news provided by OzForex

With no data out of the Eurozone to give direction investors watched as the Euro slid to an 8 month low against the Greenback. Inflationary data out of the US was shown to meet expectations for the month of June and the market watched as the US dollar rallied across the board. Later in the evening existing home sales data printed a strong increase underpinning the USD’s gains. Once again these strong signs from the market are continuing to hint that the US Federal Reserve will be looking to end their bond buying program in the next few months leaving the timeframe for a potential interest rate increase shorter than expected, sometime in 2015. Today’s economic docket is relatively light as eyes will turn to Thursday in the Eurozone and US for an array of manufacturing data, unemployment claims and home sales.
Data releases:
CPI q/q, Trimmed Mean CPI q/q
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MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, BBA Mortgage Approvals, CBI Realized Sales, BOE Gov Carney Speaks
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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 Money

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

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