USD to PHP — 2023

55.4597PHP

for 1 US Dollar on 29 December 2023 · opened the year at 55.8214

0.65% over 2023

European Central Bank reference rate
255 trading days
Reference rate, not an offer

Today: 1 USD = 62.2927 PHP (PayerPay indicative rate, includes our margin)

2023 at a glance

1 USD in PHP
Measure	Rate	When
Opened	55.8214 PHP	2 January 2023
Closed	55.4597 PHP	29 December 2023
Highest	57.0403 PHP	5 September 2023
Lowest	53.6902 PHP	3 February 2023
Average	55.6458 PHP	255 trading days
Change	-0.65% PHP	open to close

Month by month

USD to PHP, 2023▼ 0.65%

1 USD in PHP, month by month, 2023
Month	Open	Close	High	Low	Change
January	55.8214	54.6405	55.9770	54.4296	-2.12%
February	54.4502	55.3348	55.5202	53.6902	+1.62%
March	55.0000	54.2989	55.3599	54.1604	-1.27%
April	54.6302	55.4804	56.4429	54.4826	+1.56%
May	55.3689	56.2136	56.2863	55.2297	+1.53%
June	56.1438	55.2936	56.2239	55.2203	-1.51%
July	55.2987	54.9052	55.6736	54.3552	-0.71%
August	54.8596	56.6296	56.8589	54.8596	+3.23%
September	56.5400	56.6066	57.0403	56.5400	+0.12%
October	56.7873	56.7803	57.0104	56.6250	-0.01%
November	56.8103	55.4597	56.8103	55.3596	-2.38%
December	55.4041	55.4597	56.0795	55.3050	+0.10%

← 2022 · All USD to PHP history · PHP to USD in 2023 · 2024 →

Sending, not just checking?

Send USD from the United States to Philippines

We pay out in Philippine pesos. The rate above is our indicative rate — our page for this route shows the fee, the payout method and what actually lands in the account.

See this route

Common questions

How did USD to PHP change in 2023?

From 55.8214 PHP per USD on 2 January 2023 to 55.4597 on 29 December 2023: -0.65% over the year, with an average of 55.6458 across 255 trading days.

What were the high and low of USD to PHP in 2023?

High: 57.0403 on 5 September 2023. Low: 53.6902 on 3 February 2023.

About these rates

The rates on this page are European Central Bank euro reference rates, converted through the US dollar into a cross rate, one reading per trading day. Days from 28 September 2026 onward come from PayerPay's own daily record. They are reference rates published for information, not an offer to transact — PayerPay's indicative rate today is 1 USD = 62.2927 PHP, and it includes our margin. The final rate for a transfer is confirmed in your order.

Source: European Central Bank. Corrections: support@payerpay.io.

Who we are

PayerPay is operated by PAYER PAY INTERNATIONAL INC (Company ID BC1526086), registered with the Financial Transactions and Reports Analysis Centre of Canada under MSB registration C100001025 and with the Bank of Canada under the Retail Payment Activities Act. Payment details are issued through licensed banking partners.