USD to PHP — 2024

58.0431PHP

for 1 US Dollar on 31 December 2024 · opened the year at 55.6599

4.28% over 2024

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

Today: 1 USD = 62.2980 PHP (PayerPay indicative rate, includes our margin)

2024 at a glance

1 USD in PHP
Measure	Rate	When
Opened	55.6599 PHP	2 January 2024
Closed	58.0431 PHP	31 December 2024
Highest	59.0630 PHP	19 December 2024
Lowest	55.3197 PHP	12 March 2024
Average	57.2987 PHP	256 trading days
Change	+4.28% PHP	open to close

Month by month

USD to PHP, 2024▲ 4.28%

1 USD in PHP, month by month, 2024
Month	Open	Close	High	Low	Change
January	55.6599	56.3099	56.5097	55.5400	+1.17%
February	56.0801	56.2147	56.3633	55.7304	+0.24%
March	56.1102	56.2362	56.2949	55.3197	+0.22%
April	56.2899	57.6880	57.7799	56.2899	+2.48%
May	57.6070	58.6104	58.6104	57.1407	+1.74%
June	58.7096	58.4400	58.9662	58.4400	-0.46%
July	58.6301	58.3838	58.8098	58.2614	-0.42%
August	58.3112	56.2001	58.3112	56.0100	-3.62%
September	56.5166	56.0379	56.5718	55.5298	-0.85%
October	56.1853	58.2283	58.3414	56.1702	+3.64%
November	58.3601	58.6432	59.0148	58.3216	+0.49%
December	58.6799	58.0431	59.0630	57.8235	-1.09%

← 2023 · All USD to PHP history · PHP to USD in 2024 · 2025 →

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 2024?

From 55.6599 PHP per USD on 2 January 2024 to 58.0431 on 31 December 2024: +4.28% over the year, with an average of 57.2987 across 256 trading days.

What were the high and low of USD to PHP in 2024?

High: 59.0630 on 19 December 2024. Low: 55.3197 on 12 March 2024.

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 = 62.2980 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.