Woalet

Philippine Peso

Kode Mata Uang: PHP

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

Lembaga Penerbit

Bangko Sentral ng Pilipinas (BSP)

Fitur Utama

BPO and Outsourcing Hub

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

Stable Economy

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

Digital Payment Rails

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

Young Population

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

Koridor Populer

US → Philippines

Australia → Philippines

GCC → Philippines

Canada → Philippines

Pertanyaan Umum

What is the PHP/USD rate?

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

How do we collect PHP from Philippine customers?

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

How much cheaper than a bank wire?

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

Can I set up monthly transfers?

Yes, automated recurring transfers available.

What are typical PHP transfer fees?

$2-5 per transfer. Very competitive rates.