Understanding currency exchange rates is essential for travelers, investors, and businesses operating across borders. This guide provides a comprehensive look at the current USD to PHP exchange rate, offering real-time data, historical trends, and practical insights for converting United States Dollars to Philippine Pesos.
As of July 2, 2025, at 07:51 UTC, 1 USD equals 56.3812 PHP. This rate is updated every minute to reflect live market fluctuations in the foreign exchange (forex) market. Whether you're planning a trip to the Philippines, sending remittances, or managing international transactions, staying informed about the latest exchange rate helps you make smarter financial decisions.
Current USD to PHP Exchange Rate
The current conversion rate stands at:
1 USD = 56.3812 PHP
This means each U.S. dollar can be exchanged for approximately 56.38 Philippine pesos. Conversely:
1 PHP ≈ 0.0177 USD
These figures are derived from real-time forex data and represent the mid-market rate—the midpoint between the buy and sell prices used by financial institutions globally.
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USD to PHP Conversion Table
Below is a quick-reference conversion table for common amounts:
- 1 USD = 56.3812 PHP
- 2 USD = 112.7625 PHP
- 5 USD = 281.9062 PHP
- 10 USD = 563.8125 PHP
- 15 USD = 845.7187 PHP
- 20 USD = 1,127.625 PHP
- 25 USD = 1,409.5312 PHP
- 50 USD = 2,819.0625 PHP
This incremental breakdown supports everyday use cases such as budgeting travel expenses or calculating small remittances.
Historical Trends in USD to PHP Exchange Rates
Currency values fluctuate due to economic indicators, geopolitical events, and central bank policies. Reviewing recent history offers context for current rates.
Recent Historical Exchange Rates (June–July 2025)
| Date | Exchange Rate (1 USD = PHP) |
|---|---|
| July 1, 2025 | 56.311 |
| June 30, 2025 | 56.3508 |
| June 29, 2025 | 56.559 |
| June 28, 2025 | 56.5847 |
| June 27, 2025 | 56.5882 |
| June 26, 2025 | 56.6926 |
| June 25, 2025 | 56.7318 |
| June 24, 2025 | 57.0102 |
| June 23, 2025 | 57.38 |
| June 22, 2025 | 57.219 |
From this data, we observe a slight strengthening of the U.S. dollar against the peso over the past two weeks. On June 23, the rate peaked at 57.38 PHP per USD, indicating higher demand for dollars or relative weakness in the Philippine economy during that period.
Since then, the peso has shown signs of recovery, with the rate dropping back to 56.38 PHP by early July—favorable for Filipino consumers purchasing U.S.-priced goods or services.
Factors Influencing USD/PHP Volatility
Several macroeconomic factors influence the movement of the USD/PHP pair:
- Interest Rates: The Bangko Sentral ng Pilipinas (BSP) and U.S. Federal Reserve policy decisions directly impact currency strength.
- Inflation Data: Higher inflation in the Philippines compared to the U.S. may weaken the peso.
- Trade Balance: The Philippines' import dependency can increase demand for dollars, putting downward pressure on the peso.
- Remittance Flows: Overseas Filipino workers send billions annually in USD; high inflows support peso stability.
- Global Risk Sentiment: In times of uncertainty, investors often flock to the safe-haven U.S. dollar.
Monitoring these indicators helps anticipate future movements in the exchange rate.
Practical Uses of USD to PHP Conversion
Knowing how to convert USD to PHP accurately benefits various users:
For Travelers
When visiting the Philippines, understanding the exchange rate ensures better budget control. With 1 USD ≈ 56.38 PHP, travelers can estimate costs for accommodations, meals, and transportation more precisely.
For Expatriates and Families
Millions of Filipinos work abroad and send money home. A favorable exchange rate means more purchasing power for families receiving remittances.
For Online Shoppers
Many e-commerce platforms like Amazon or Shopify stores price items in USD. Converting prices into PHP allows consumers to compare local alternatives effectively.
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For Investors and Traders
The USD/PHP pair is actively traded in forex markets. Traders analyze technical charts and economic news to profit from short-term fluctuations.
Frequently Asked Questions (FAQ)
Q: Where can I get the best USD to PHP exchange rate?
A: Banks, licensed money changers, and digital platforms offer varying rates. Always compare rates and fees before exchanging. Online financial services often provide near-mid-market rates with lower margins.
Q: Is now a good time to convert USD to PHP?
A: Based on recent trends showing a slight strengthening of the peso since late June, it may be a relatively favorable moment. However, timing the market perfectly is difficult—consider dollar-cost averaging if converting large amounts.
Q: How often does the USD/PHP rate change?
A: The rate changes continuously during market hours due to live trading. It's typically updated every few seconds on financial platforms.
Q: Why do exchange rates differ between banks and money changers?
A: Institutions add a margin (markup) to cover operational costs and profit. This results in rates that differ from the mid-market rate quoted online.
Q: Can I track USD/PHP rates on mobile apps?
A: Yes—many financial apps and forex tools allow real-time tracking, price alerts, and historical analysis of the USD/PHP pair.
Q: Does inflation affect the USD/PHP exchange rate?
A: Yes. If inflation rises faster in the Philippines than in the U.S., the purchasing power of the peso decreases, often leading to depreciation against the dollar.
Other Major Currency Pairs with USD
While this article focuses on USD to PHP, the U.S. dollar is traded against many other currencies worldwide. Some popular pairs include:
- USD/EUR (U.S. Dollar to Euro)
- USD/JPY (U.S. Dollar to Japanese Yen)
- USD/GBP (U.S. Dollar to British Pound)
- USD/CAD (U.S. Dollar to Canadian Dollar)
- USD/AUD (U.S. Dollar to Australian Dollar)
- USD/CNY (U.S. Dollar to Chinese Yuan)
These pairs are crucial for global trade and investment flows.
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Final Thoughts
Staying updated on the USD to PHP exchange rate empowers individuals and businesses to make informed financial choices. With today’s rate at 1 USD = 56.3812 PHP, now is an opportune time to evaluate your currency needs—whether for travel, remittances, shopping, or investing.
By understanding historical patterns and economic drivers behind exchange rate movements, you gain a strategic advantage in managing cross-border finances.
Remember to always verify rates from reliable sources and consider using digital platforms that offer transparent, low-fee currency conversion services.
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