Wednesday 9 November 2022 Show
Convert USD to PHP using our currency converter with live foreign exchange ratesLatest Currency Exchange Rates: 1 US Dollar = 57.9475 Philippine PesoOn this page convert USD to PHP using live currency rates as of 09/11/2022 16:51. Includes a live currency converter, handy conversion table, last 7 days exchange rate history and some live Dollars to Philippine Pesos charts. Invert these currencies? Currency ConverterUse this currency calulator for live currency conversions as you type. Countries using this currency: American samoa, British indian ocean territory, Ecuador, El salvador, Guam, Haiti, Marshall islands, Northern mariana islands, Palau, Panama, Puerto rico, Timor-leste, Turks and caicos islands, United states, United states minor outlying islands, Virgin islands (british), Virgin islands (u.s.), Countries using this currency: Philippines, Looking to make a US Dollar Philippine Peso international money transfer? Currency UK recommend TorFX as our preferred currency provider. Exchange Rate History For Converting Dollars (USD) to Philippine Pesos (PHP)The last 14 days currency values...
Currency ChartsExchange Rate Today For Converting Dollars to Philippine Pesos - 1 USD = 81.27 PHP
Popular US DollarExchange RatesListed below are today's best exchange rates for US Dollars to Philippines Peso, in real time, from various money transfer companies that will help you make an informed decision to send money from USA to Philippines. Current USD to PHP Exchange Rates. Convert US Dollars to Philippine Pesos1 USD to PHP | 10 USD to PHP | 25 USD to PHP | 50 USD to PHP | 100 USD to PHP | 500 USD to PHP | 1000 USD to PHP | 2000 USD to PHP Convert Philippine Pesos to US Dollars1 PHP to USD | 10 PHP to USD | 25 PHP to USD | 50 PHP to USD | 100 PHP to USD | 500 PHP to USD | 1000 PHP to USD | 2000 PHP to USD As the backbone of the global economy and a reserve currency for international trade and finance, the US dollar has maintained its upward spiral versus major currencies. Higher US Treasury bond yields have diverted investment funds from emerging economies, including the Philippines. What Is An Exchange Rate? The rate at which one country's currency may be converted into another is how the exchange rate is
defined. It may fluctuate daily due to changing market forces of currency supply and demand from one country to the next. Factors Affecting Currency Exchange RatesInflation Inflation is defined as a currency's relative buying power compared to other currencies. For example, buying an apple in one country may cost one unit of currency, but buying the same apple in a country with higher inflation may cost a thousand units of a different currency. Inflation differentials are the reason why various
currencies have varying purchasing power and, as a result, different currency rates. Interest Rates Inflation, interest rates, and currency exchange rates are all linked together. Each of these variables has the potential to influence the
other two. Low inflation and high-interest rates can entice foreign capital into a country, bolstering its currency. Public Debt The majority of countries use large-scale deficit financing to fund their budgets. To put it another way, they borrow to fund economic growth. If government debt grows faster than the economy, it can raise inflation by preventing foreign investment from entering the country, both of which can depreciate a currency. Balance of TradeThe relative difference between a country's imports and exports is known as the balance of trade or terms of trade. A positive trade balance, for example, suggests that a country's exports outweigh its imports. The influx of foreign currency is greater than the outflow in this situation. When this occurs, a country's foreign exchange reserves increase, allowing it to cut interest rates, boosting economic development and the local currency exchange rate. Current Account Deficit The current account deficit and the balance of trade are inextricably linked. A current account deficit occurs when a country spends more than it earns. Political Stability A country with a stable political environment attracts more foreign investment, which helps to keep the currency rate constant. A country with good financial and
trade policies does not allow its currency's value to be unpredictable. Economic Performance Another factor that influences exchange rates is the economy's health or performance. For example, a country with low
unemployment means its residents have more money to spend, which aids in the development of a stronger economy. Confidence/ Speculation The level of confidence (or lack thereof)
that traders have in a currency can have an impact on its value. If the value of a country's currency is predicted to rise, investors will want more of that currency soon to profit. As a result of the increased demand, the currency's value will grow. The exchange rate rises in tandem with the increase in currency value. Government Intervention Governments have a variety of options at their disposal to control their local currency exchange rate. To regulate currency exchange rates, central banks can adjust interest rates, buy
foreign currency, influence local lending rates, print money, and utilize other measures. Factors Affecting The USD To PHP Exchange RateDivergent Monetary Policies In early May this year, the US dollar to the Philippine peso (PHP) strengthened, hitting 3.5-year highs. On May 9, the USD to PHP
exchange rate reached 53.08. Rising Oil Prices Before the pandemic, a surge in capital goods imports caused a rapid widening of the current account deficit, which pushed hard on the currency. The Philippines is a net importer of crude oil. Imports that are too expensive, such as oil, depreciate
the peso. Drop-In The Stock Market Index The peso's weakening, according to experts, is attributable to a "collapse in the local stock market." Large Scale Infrastructure Projects: Government Debt The peso is also experiencing the strain of additional capital goods being imported for infrastructure projects under Duterte's ambitious "Build, Build, Build" program. Economy Reopening Despite the depreciation of the peso and increased pressure on the goods trade deficit due to higher global energy prices, positive factors such as the gradual reopening of the Philippines' tourism sector could help the country's economy. USD to PHP Forecast 2022 Most economists forecast the Philippine peso to decline further versus the greenback by
2023 and 2024, falling from 54:$1 to 55:$1 due to rising dollar demand. Related USD to PHP Articles
* Disclaimer : Exchange rates, transfer fees, comparison data and any other remittance information presented on this website is generic and high level, provided for your convenience and information purpose only. Exchange rates shown above either locked-in exchange rates or indicative exchange rates are variable i.e. they keep changing frequently throughout the day; a discrepancy in money transfer information like exchange rate is possible. Only the Terms and Conditions of the particular remittance service provider are binding. Please verify the exchange rates, service details and applicable service agreement of a particular service provider. By using the information on this site you agree to our Terms of Use. How much is a US dollar to a Philippine peso?1 USD = 58.440494 PHP Nov 08, 2022 02:10 UTC
The currency converter below is easy to use and the currency rates are updated frequently.
How much is $100 US in Filipino?Are you overpaying your bank?. What is the highest exchange rate for US dollar to Philippine peso?Highest: 59.262 PHP on 27 Sep 2022. Average: 55.970 PHP over this period.
What is today's dollar buying rate?Dollar to Rupee Exchange Rate Today, Live 1 USD to INR = 81.6445 (Convert Dollars to Rupees)
|