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Currencies

Philippine Peso (PHP)

Currency of the Philippines. Key currency for Southeast Asian remittances.

PHP · ₱

Key Features

01

BPO and Outsourcing Hub

The Philippines BPO and IT-services sector invoices global clients at scale.

02

Stable Economy

Philippines has stable economy with growth 5-6% annually.

03

Modern Payment Rails

InstaPay and PESONet provide real-time and same-day domestic PHP settlement.

04

Young Population

Young, tech-savvy population drives adoption of digital payments.

Popular Corridors

  • US → Philippines
  • Australia → Philippines
  • GCC → Philippines
  • Canada → Philippines

Frequently Asked Questions

Approximately ₱55-58 = $1 USD. BSP manages rate.

A local PHP account in your business name receives InstaPay and PESONet payments domestically.

30-40% lower all-in than SWIFT fees plus a bank FX markup.

Yes, automated recurring transfers available.

$2-5 per transfer. Very competitive rates.