USD → 
PHP 🔥 Most searched Rate as of2026-05-16 USD to PHP Converter.
⚡
Current rate
1 USD = 57.8 PHP as of 2026-05-16. One of the world's top remittance corridors — OFW (Overseas Filipino Worker) inflows are over $39 billion/year and form ~8.5% of the Philippines' GDP. PHP has weakened ~20% against USD over 5 years driven by widening current account deficit and Bangko Sentral ng Pilipinas' more dovish stance vs the Fed. The BPO industry (call centers, back-office) also generates massive USD-PHP conversion volume.
💱
Rate as of 2026-05-16USD → PHP Converter
$
🇺🇸 $1.00 = 🇵🇭
₱57.80
Rate: 1 USD = 57.8000 PHP
Common conversions
| 🇺🇸 USD | 🇵🇭 PHP |
|---|---|
| $1.00 | ₱57.80 |
| $10.00 | ₱578.00 |
| $100.00 | ₱5,780.00 |
| $500.00 | ₱28,900.00 |
| $1,000.00 | ₱57,800.00 |
| $5,000.00 | ₱289,000.00 |
| $10,000.00 | ₱578,000.00 |
| $50,000.00 | ₱2,890,000.00 |
| $100,000.00 | ₱5,780,000.00 |
✨ Mid-market rate · 2026-05-16 · Real-world transfer rates may differ 0.5-3% depending on provider · Not financial advice
📈 Trend
USD trend over time.
Today
57.8
1 USD = PHP
1 year ago
58.4
↓ 1.0% in 12 months
5 years ago
48.2
↑ 19.9% in 5 years
❓ FAQ
USD to PHP FAQ.
What is the best way to send USD to PHP for OFW remittance?
For smaller amounts (₱5,000-100,000 / $90-$1,800): Wise, Remitly, and WorldRemit typically beat banks by 1-2% in effective rate. For larger amounts ($5,000+): GCash-linked transfers from US/UAE/Saudi via TransferGo or Western Union digital can be cheaper than wire. For institutional rates: BDO, Metrobank, and BPI corporate FX desks negotiate down to ~50 bps below mid-market for ₱1M+ blocks.
Why has PHP weakened against USD?
Three reasons: (1) the Philippines runs a structural current account deficit (imports > exports), (2) Bangko Sentral cut rates faster than the Fed in 2024-2025 narrowing the interest differential, (3) global risk-off in early 2026 drove EM currency depreciation broadly. PHP has been one of the underperformers in ASEAN but is not in crisis.
OFW remittance — when to convert USD to PHP?
Most OFWs send fixed monthly amounts to families — dollar-cost averaging is automatic. For lumpy income (end-of-contract bonuses): if you have flexibility, watch the 100/200-day moving average and convert in 2-3 tranches when PHP weakens by 1.5%+ vs the recent average. Don't try to call exact tops/bottoms — most retail forex timing loses.
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