40.08 US Dollars to Philippine Pesos. Convert: USD in PHP [Currency Matrix] (2024)

FAQs

How much is $1 US in Philippine pesos today? ›

1 USD = 56.72 PHP - Today's Best US Dollar to Philippine Peso Exchange Rates.

However, in order to do this, you need to know the current exchange rate. At the time of writing, ₱1 is equal to $0.017. Once you know that information, multiply the amount you have in PHP by the current exchange rate.

More specifically, the best time to trade USD/PHP is between 12:00 and 15:00 GMT when the market is most liquid. Weekends tend to see higher USD value because foreign currency cash flows slow down. So, it may be a good idea to convert US dollars to pesos on weekends or whenever the former is stronger.

💸 Philippine National Bank

As such, PNB is able to offer its clients one of the best exchange rates in the Philippines. Among the currencies available for exchange at PNB are the euro, US dollar, Australian dollar, Canadian dollar, Hong Kong dollar, Singapore dollar, and British pound.

Exchange at a bank or credit union before your trip: Exchanging money at your local banking center before your trip is likely the most cost-effective way to get the money you need. Since you have an existing relationship with the bank, it's more likely to give you the best exchange rates.

How far does the American dollar go in the Philippines? ›

The current exchange rate now is 1$ equivalent to 50.45 pesos.

The service's USD/PHP forecast for 2030 saw the peso strengthening to 48.96. Analysts at ING also saw the Philippine peso strengthening over the longer term. However, they forecast that USD/PHP could fall to 52.50 in the second quarter of 2023, before steadily rising to 51.50 by Q4 2025.

Wait until you arrive in the Philippines to exchange your money. It's worth doing your research before buying your pesos, as the exchange rates offered in Europe and North America are often not as good as those you'll get on arrival.

Latest Currency Exchange Rates: 1 US Dollar = 57.2276 Philippine Peso. On this page convert USD to PHP using live currency rates as of 16/08/2024 05:08.

Banks and credit unions are generally the best places to exchange currency, with reasonable exchange rates and the lowest fees.

Historically, the USDPHP reached an all time high of 59.80 in June of 2024.

Highlights and Key Points: USD to PHP Forecast 2024-2030

The year 2024 is projected to start with a slight increase in the exchange rate, eventually climbing to around ₱ 59.54 - ₱ 61.96 by the year's end. In 2025, US Dollar will continue strengthening against Philippine Peso, potentially reaching ₱ 64.02.

US Dollar to Philippine Peso Exchange Rate is at a current level of 57.16, up from 56.98 the previous market day and up from 56.64 one year ago. This is a change of 0.31% from the previous market day and 0.92% from one year ago.