Corridor USD → PHP · US dollar to Philippine peso
What does it cost to send US dollars to the Philippines?
On 15 October 2026, the most a recipient in the Philippines got for 1,000 USD was 63,189.39 PHP via Xoom: a true cost of −2.24 USD (−0.22%) including fee and rate markup. The last of 8 quotes cost 5.05%.
Transfer cost receipt · USD → PHP
Most to the recipient: Xoom transfer service
- You send
- 1,000.00 USD
- Upfront fee
- 0.00 USD
- Amount converted
- 1,000.00 USD
- Rate given
- 63.1894
- Mid-market when quoted
- 63.0483
- Rate above mid-market inside the rate
- −2.24 USD −0.22%
- True total cost
- −2.24 USD −0.22%
- Recipient gets
- 63,189.39 PHP
Picking the last quote in this ledger (PayPal) instead would leave the recipient 3,325.69 PHP short.
Snapshot indicative quotes retrieved 15 Oct 2026, 14:54 UTC. Quote collected 15 Oct 2026, 06:41 UTC. Source: Wise public comparison data.
Plain link to the provider's official site. No commission.
Every quote for 1,000 USD → PHP
Sorted by what the recipient gets. “True cost” adds the upfront fee to the money lost in the exchange rate versus the mid-market rate at the time each quote was collected.
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Xoomservice | 0.00 USD | −0.22% | −2.24 USD | −0.22% | 63,189.39 PHP | best |
| 2. Instaremservice | 0.00 USD | 0.96% | 9.64 USD | 0.96% | 62,440.46 PHP | −748.93 PHP |
| 3. Remitlyservice | 0.00 USD | 0.97% | 9.73 USD | 0.97% | 62,434.56 PHP | −754.83 PHP |
| 4. Wiseservice | 11.86 USD | 0.00% | 11.86 USD | 1.19% | 62,320.11 PHP | −869.28 PHP |
| 5. Western Unionservice | 1.99 USD | 2.81% | 30.06 USD | 3.01% | 61,152.82 PHP | −2,036.57 PHP |
| 6. Wells Fargobank 2d old | 0.00 USD | 3.16% | 31.63 USD | 3.16% | 61,054.31 PHP | −2,135.08 PHP |
| 7. OFXservice | 5.00 USD | 4.13% | 46.12 USD | 4.61% | 60,140.46 PHP | −3,048.93 PHP |
| 8. PayPalservice | 4.99 USD | 4.57% | 50.51 USD | 5.05% | 59,863.70 PHP | −3,325.69 PHP |
Does the cheapest option change with the amount?
| You send | Most to recipient | Best cost | Worst cost | Recipient gets (best) | Gap best vs worst | Quotes |
|---|---|---|---|---|---|---|
| 200 USD | Remitly | 0.97% | 6.96% | 12,486.91 PHP | 754.34 PHP | 7 |
| 1,000 USD | Xoom | −0.22% | 5.05% | 63,189.39 PHP | 3,325.69 PHP | 8 |
| 5,000 USD | Xoom | −0.22% | 4.67% | 315,946.95 PHP | 15,427.56 PHP | 8 |
What the USD → PHP numbers show
- The provider that delivers the most changes with the amount: Remitly at 200.00 USD, Xoom at 1,000.00 USD, Xoom at 5,000.00 USD. Fixed fees weigh heavily on small transfers; rate margins dominate large ones.
- At 200.00 USD, true cost ranged from 0.97% (Remitly) to 6.96% (PayPal); the recipient would get 754.34 PHP less with the last quote than with the first.
- Banks listed for this corridor averaged 3.16% in true cost at 1,000.00 USD, against 2.22% for non-bank transfer services; on average 100% of the banks' cost sat inside the exchange rate rather than in a stated fee.
- 3 of 8 quotes at 1,000.00 USD charged no upfront fee but priced in a rate markup above 0.5%, so “no fee” did not mean free.
- Xoom quoted a rate above the mid-market rate recorded at collection time (negative markup). That usually reflects a promotional rate or a quote collected at a different moment, so confirm it before relying on it.
How does the quoted mid-market rate compare with the ECB reference?
The European Central Bank reference rate for USD/PHP on 15 October 2026 was 63.0740. The mid-market rate implied by the top quote at its collection time was 63.0483, a difference of −0.04%. ECB rates are published once per working day around 16:00 CET, so they drift from live market rates during the day; RateRunner uses them only as a cross-check, never to rank providers.
Every quote for 200 USD → PHP
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Remitlyservice | 0.00 USD | 0.97% | 1.95 USD | 0.97% | 12,486.91 PHP | best |
| 2. Instaremservice | 0.00 USD | 1.88% | 3.77 USD | 1.88% | 12,372.17 PHP | −114.74 PHP |
| 3. Wells Fargobank 2d old | 0.00 USD | 3.16% | 6.33 USD | 3.16% | 12,210.86 PHP | −276.05 PHP |
| 4. Western Unionservice | 1.99 USD | 2.81% | 7.56 USD | 3.78% | 12,133.01 PHP | −353.90 PHP |
| 5. Wiseservice | 7.96 USD | 0.00% | 7.96 USD | 3.98% | 12,111.48 PHP | −375.43 PHP |
| 6. OFXservice | 5.00 USD | 4.13% | 13.06 USD | 6.53% | 11,786.32 PHP | −700.59 PHP |
| 7. PayPalservice | 4.99 USD | 4.57% | 13.91 USD | 6.96% | 11,732.57 PHP | −754.34 PHP |
| Set aside, not ranked (1): see methodology | ||||||
| Xoomrate 1.07% above mid-market | 0.00 USD | −1.07% | — | — | 12,745.00 PHP | — |
Every quote for 5,000 USD → PHP
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Xoomservice | 0.00 USD | −0.22% | −11.19 USD | −0.22% | 315,946.95 PHP | best |
| 2. Remitlyservice | 0.00 USD | 0.20% | 9.80 USD | 0.20% | 314,623.76 PHP | −1,323.19 PHP |
| 3. Wiseservice | 31.37 USD | 0.00% | 31.37 USD | 0.63% | 313,359.07 PHP | −2,587.88 PHP |
| 4. Instaremservice | 0.00 USD | 0.68% | 34.22 USD | 0.68% | 313,084.15 PHP | −2,862.80 PHP |
| 5. Western Unionservice | 1.99 USD | 2.81% | 142.58 USD | 2.85% | 306,251.84 PHP | −9,695.11 PHP |
| 6. Wells Fargobank 2d old | 0.00 USD | 3.16% | 158.13 USD | 3.16% | 305,271.55 PHP | −10,675.40 PHP |
| 7. OFXservice | 0.00 USD | 3.19% | 159.41 USD | 3.19% | 305,191.05 PHP | −10,755.90 PHP |
| 8. PayPalservice | 4.99 USD | 4.57% | 233.51 USD | 4.67% | 300,519.39 PHP | −15,427.56 PHP |
What to check before paying out in Philippines
In the Philippines, transfers to banks and e-wallets usually settle over InstaPay (real-time, lower-value) or PESONet (batch). E-wallet and cash pickup payouts are common and can carry different fees from bank deposits. Source: Bangko Sentral ng Pilipinas: National Retail Payment System.
Read next
- Cash pickup or bank deposit: which is cheaper and safer?
- How long does an international money transfer take?
- What does it cost to send money to the Philippines?
- Does the US 1% remittance tax apply to my transfer?
- What do banks really charge for an international transfer?
- Check the hidden markup on a rate you were offered
- How RateRunner calculates true cost
Questions people ask
- Which provider gave the most for 1,000 USD sent to Philippines?
- Xoom, with 63,189.39 PHP delivered, in the snapshot retrieved 15 Oct 2026, 14:54 UTC. Its upfront fee was 0.00 USD and its rate markup −0.22%.
- How much of the cost of sending USD to PHP is hidden in the exchange rate?
- For the 8 quotes on 1,000 USD, rate markups ranged from −0.22% to 4.57% of the amount converted. 3 quotes charged no upfront fee but still had a markup above 0.5%.
- How current are these USD to PHP quotes?
- RateRunner retrieved them on 15 Oct 2026, 14:54 UTC. Each provider quote also carries its own collection time, shown in the tables, and quotes older than 24 hours are flagged. They are indicative; the price you are offered at checkout can differ.
Related corridors
Sources
- Indicative provider quotes: Wise public comparison data (retrieved 15 Oct 2026, 14:54 UTC). Wise collects quotes from listed banks and services and is itself listed.
- Reference rate: European Central Bank euro reference rates via Frankfurter (15 October 2026).
- Raw data for this page: usd-to-php.json