USD to PHP — March 2023

54.2989PHP

for 1 US Dollar on 31 March 2023 · opened the month at 55.0000

1.27% over March 2023

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

Today: 1 USD = 62.2973 PHP (PayerPay indicative rate, includes our margin)

USD to PHP in March 2023 at a glance

1 USD in PHP
Measure	Rate	When
Opened	55.0000 PHP	1 March 2023
Closed	54.2989 PHP	31 March 2023
Highest	55.3599 PHP	8 March 2023
Lowest	54.1604 PHP	27 March 2023
Average	54.7216 PHP	23 trading days
Change	-1.27% PHP	open to close

Day by day

USD to PHP, March 2023▼ 1.27%

1 USD in PHP, day by day
Date	Rate	Day change
1 March 2023	55.0000
2 March 2023	55.0146	+0.03%
3 March 2023	54.7602	-0.46%
6 March 2023	54.9596	+0.36%
7 March 2023	55.0595	+0.18%
8 March 2023	55.3599	+0.55%
9 March 2023	55.1800	-0.32%
10 March 2023	55.1672	-0.02%
13 March 2023	54.9897	-0.32%
14 March 2023	55.0750	+0.16%
15 March 2023	55.0299	-0.08%
16 March 2023	54.9202	-0.20%
17 March 2023	54.7096	-0.38%
20 March 2023	54.3818	-0.60%
21 March 2023	54.2734	-0.20%
22 March 2023	54.4117	+0.25%
23 March 2023	54.3478	-0.12%
24 March 2023	54.3704	+0.04%
27 March 2023	54.1604	-0.39%
28 March 2023	54.3778	+0.40%
29 March 2023	54.3994	+0.04%
30 March 2023	54.3505	-0.09%
31 March 2023	54.2989	-0.10%

← February 2023 · 2023 in full · All USD to PHP history · PHP to USD in March 2023 · April 2023 →

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

What was the USD to PHP rate in March 2023?

Over March 2023 the European Central Bank reference rate moved from 55.0000 PHP per USD on 1 March 2023 to 54.2989 on 31 March 2023, a change of -1.27%. The average across 23 trading days was 54.7216.

When was USD strongest against PHP in March 2023?

The highest reading was 55.3599 PHP on 8 March 2023; the lowest was 54.1604 on 27 March 2023.

Is this the rate I would have got?

No. These are reference rates published by the European Central Bank for information. PayerPay's indicative rate today is 62.2973 PHP per USD; the exact rate for a transfer is confirmed in your order.

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 = 62.2973 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.