Philippine Peso to Dollar Exchange Rate Calculator

Philippine Peso (PHP) to US Dollar (USD) Calculator

Check the latest rate via BSP or Google Finance.

Estimated Result:

Understanding the PHP to USD Exchange Rate

The exchange rate between the Philippine Peso (PHP) and the United States Dollar (USD) is a critical economic indicator for Overseas Filipino Workers (OFWs), investors, and travelers. This calculator helps you quickly determine how much your Pesos are worth in Dollars based on the prevailing market rate.

How the Conversion Works

To convert Philippine Pesos to US Dollars, you divide the amount of Pesos by the current exchange rate. The exchange rate is usually expressed as how many Pesos are required to purchase one single Dollar.

The Formula:
Total USD = Amount in PHP ÷ Current Exchange Rate (PHP per 1 USD)

Practical Example

If you have ₱10,000 and the current bank exchange rate is 56.20 PHP to 1 USD, the calculation would be:

10,000 / 56.20 = 177.936…

In this scenario, your ₱10,000 is worth approximately $177.94.

Factors Affecting the PHP/USD Rate

• Interest Rates: Decisions by the Bangko Sentral ng Pilipinas (BSP) and the Federal Reserve impact currency demand.
• Inflation: High inflation in one country relative to the other can weaken that country's currency.
• Remittances: During peak seasons (like Christmas), the influx of USD from OFWs often strengthens the Peso.
• Trade Balance: If the Philippines imports more than it exports, the demand for USD increases, potentially raising the exchange rate.

Tips for Better Conversion Rates

When converting your money, keep in mind that "market rates" seen on news sites are often "mid-market rates." Commercial banks and money changers typically add a spread or commission, meaning you might get slightly fewer Dollars than what a raw calculator shows. Always compare rates between established remittance centers and local banks to get the most value for your PHP.

function calculateCurrencyConversion() { var phpAmount = document.getElementById("phpAmount").value; var exchangeRate = document.getElementById("exchangeRate").value; var resultDiv = document.getElementById("conversionResult"); var output = document.getElementById("usdOutput"); // Reset display resultDiv.style.display = "none"; // Validation if (phpAmount === "" || phpAmount <= 0) { alert("Please enter a valid amount in Philippine Pesos."); return; } if (exchangeRate === "" || exchangeRate <= 0) { alert("Please enter a valid current exchange rate."); return; } // Calculation var valPHP = parseFloat(phpAmount); var valRate = parseFloat(exchangeRate); var totalUSD = valPHP / valRate; // Formatting result var formattedUSD = new Intl.NumberFormat('en-US', { style: 'currency', currency: 'USD' }).format(totalUSD); // Display output.innerHTML = formattedUSD; resultDiv.style.display = "block"; }