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Philippine Peso (PHP) Live Exchange Rate & Remittance Guide
PHP · ₱ · Bangko Sentral ng Pilipinas (BSP)
1 USD =
₱61.321
Live (cached)
About the Philippine Peso
The Philippine Peso has roots in the Spanish colonial era. The modern peso was introduced after independence and has been managed through various regimes. The BSP moved to an inflation-targeting framework in 2002.
Why PHP matters for remittance
The Philippines receives over $36 billion annually in remittances — among the highest globally relative to GDP. OFWs (Overseas Filipino Workers) in the USA, UAE, Saudi Arabia, and Singapore are major senders.
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Live rates fetched from Wise's public comparison API. For currency conversion mid-rates we display Wise's quoted rate, which has zero markup. Methodology.