US Dollar to Philippine Peso History

Updated November 18, 2024

See here US dollar to Philippine peso exchange history, based on the foreign exchange rates used by the BSP, banks, remitters and money changers when they BUY your US dollars.

As of today, the highest exchange I’ve got for my US dollars was 58.60 on June 15, 2024, at Eastwest Bank in Festival Mall. Right timing yong pagpadala sa akin ng dollars.

Below this chart, there are also info on WISE, Eastwest (the BEST over-the-counter rate), buying dollars, and my personal experiences with US dollars.

DATE	BSP	EW	BDO	BPI	MB	WISE*
11-18-24	58.82	58.68	58.45	58.40	58.50	58.72
10-11-24	57.19
10-01-24	56.02
09-25-24	56.11	55.83
08-12-24	57.31	57.22	57.00	56.90	57.05	57.32
06-19-24	58.67	58.60	58.25	58.30	58.35	58.70
06-05-24	58.68	58.60	58.40	58.45	58.45	58.69
05-29-24	57.96	58.31	58.10	57.85	57.85	58.38
05-27-24	58.19	58.02	57.75	57.85	57.90	58.11
05-23-24	58.16	58.15
05-17-24	57.36	57.55	57.40	57.30	57.35	57.62
05-15-24	57.85	57.50	57.15	57.20	57.50	57.53
05-13-24	57.32	57.73	57.50	57.55	57.30	57.81
05-06-24	57.41	57.18	56.90	56.90	56.85	57.20
05-03-24	57.58	57.32	57.05	57.10	57.20	57.42
04-23-24	57.51	57.35	57.15	57.15	57.35	57.39
04-19-24	57.10	57.51	57.25	57.15	57.25	57.52
03-25-24		56.22
02-13-24	56.07	55.87	55.60	55.65	55.70	55.96
01-22-24	55.87	56.23	56	55.75	55.80	56.33
12-29-23	55.57	55.40	55.10	55.10		55.48
11-16-23	55.80	55.85	55.55	55.60	55.60	55.82
11-14-23		56.05
11-13-23		55.95				56.03
11-11-23		55.87	55.60			55.90
11-8-23	56.14	55.95	55.75	55.75		56.03
11-7-23	55.83	56.17	55.90	55.80	55.70	56.20
11-6-23	56.25	55.81	55.50	55.55	55.55	55.84
11-3-23	56.80	56.10	55.80	56.30		56.26
10-27-23	56.96	56.80	56.50			56.85
10-25-23	56.75	56.75	56.45			56.83
10-10-23	56.88	56.80	56.50	56.60		56.86
10-4-23	56.88	56.70	56.50	56.45	56.60	56.81
9-19-23	56.83	56.70	56.35	56.55		56.78
9-15-23	56.72	56.75	56.45			56.82
9-7-23	56.94	56.77	56.60	56.60	56.60	56.84
8-20-23		56.15				56.17
8-18-23	56.68		55.85
8-15-23	56.80
8-9-23	56.26	56.25	56.0			56.29
8-6-23		55.67
7-3-23	55.37	55.10	54.80			55.16
6-27-23	55.73	55.25
5-24-23	55.67	55.70
4-25-23	55.90	55.50	55.35
3-1-23	55.21	54.95
2-1-23	54.57	54.45
Jan 23 Ave	54.99
Dec 22 Ave	55.68
11-25-22	56.79	56.70	56.50		56.70
11-14-22	57.35	57.20	56.95	57	57.05	57.295
11-7-22	58.62	58.40
10-28-22	58.28
10-18-22	58.99
10-11-22	58.99
09-29-22	58.99
09-08-22	57.22
08-11-22	55.75
07-29-22	55.72
07-11-22	55.97
06-30-22	55.02
06-13-22	52.95
05-30-22	52.30
05-11-22	52.40
04-29-22	52.16
04-22-22	52.453	52.30	52.00	52.05	52.20	52.44
03-31-22	51.96	51.88	51.65	51.70	51.80	51.97
03-28-22	52.21	52.13	51.85	51.90	51.90	52.24
03-23-22	52.42	52.32	52.05	52.10	52.15	52.36
03-22-22 pm	52.365	52.38	52.05	52.10	52.15	52.44
03-21-22 pm	52.336	52.29	51.95	52.05	52.05	52.355
03-21-22 am	52.336	52.28	51.95	52.0	51.90	52.33
03-10-22		52.07	51.80	51.95
03-05-22	51.66
03-04-22	51.47	51.62	51.30	51.40	51.30	51.69
03-03-22	51.39	51.41	51.10	51.20	51.15	51.68
02-25-22		51.27
02-24-22		51.30
02-22-22		51.38
02-21-22		51.31	51.0
02-17-22		51.28
02-03-22		50.97
01-24-22		51.25	51.05
01-22-22		51.30	51.05			51.26

What is the highest dollar to peso in history? The highest US dollar to peso exchange rate in history was 58.99. It was in September and October 2022. There was no specific economic or political event that caused this rise in September to October 2022. It could be a confluence of several events, like the ongoing Ukraine war, the demand for more US dollars for import purposes, rising inflation in the Philippines, and rising interest rates in the US. There might not be a correlation, but this was also the 3rd and 4th month of President Bongbong Marcos’ presidency.

DATE	RCBC	SB	PNB	NAI	WU
11-18-24	58.51	58.40	58.25	58.60
08-12-24	57.05		56.90	57.05
06-19-24	58.44	58.35	58.20	58.45
06-05-24	58.46	58.45	58.30	58.50
05-29-24	58.13	58.10	57.80	58.0
05-27-24	57.80	58.00	57.80	57.90
05-17-24	57.35	57.20	57.15	57.40
05-15-24	56.26	57.50		57.35
05-13-24	57.61	57.40	57.20	57.45
05-06-24	56.97	56.95	56.70	57.05
05-03-24	57.10			57.20
04-23-24	57.16	57.30	57.05	57.20
04-19-24	57.27		57.15	57.15
02-13-24	55.69	55.75	55.60	55.80
01-22-24	56.08	55.95	55.75	55.90
11-16-23	55.62			55.70
11-8-23			55.75	55.90
11-7-23			55.60	56.0	55.05
11-6-23				55.85
11-3-23	56.00			56.30
10-10-23	56.60		56.45	56.70
10-4-23				56.65	55.77
9-15-23					55.76
9-3-23	56.60				55.78
7-2-23				54.90	54.02
11-25-22	56.50
11-14-22	56.98	57.20	56.95	57.10	56.58
04-22-22	52.12	52.20	51.95	52.10	51.1508
03-31-22	51.75	51.75	51.50	51.75	51.97
03-28-22	51.85	51.95	51.80	52.0	50.9368
03-23-22	52.14	52.15	51.90	52.15	51.185
03-22-22	52.17	52.15	51.95		51.1459
03-21-22	52.09	52.10	51.85	52.05	51.1312
03-10-22			51.70	51.85
03-04-22					50.31
03-03-22				51.20	50.31
02-25-22					50.16
02-24-22					49.93
02-23-22					50.26
02-22-22					50.20
02-21-22				51.15	50.20
02-03-22				50.95	49.94
01-24-22					50.27
01-22-22				51.15	50.27

EW=Eastwest MB=Metrobank SB=Security Bank Rob=Robinsons NAI=Naila’s LB=Landbank

*WISE is one of the most popular global online remittance companies. They give the highest US dollar to Philippine peso foreign exchange rate. Affiliate ako ng WISE, kaya puedeng sabihin ng iba na biased ako, pero totoo naman. See various exchange rates and compare.

When sending US dollars through WISE, you can see the actual amount of your money in Philippine peso before you click the SEND button. Money is deposited to the Philippine peso accounts of recipients in Philippine banks.

US Dollar to Philippine Peso EASTWEST

I discovered a few years ago that EASTWEST Bank gives the best US dollar to Philippine peso exchange rate after I saw an Eastwest armored van delivering cash to a Czarina money exchange branch in Alabang. I wondered why they were there at Czarina, so I started tracking Eastwest US dollar-peso exchange rates. I then started exchanging my US dollars at Eastwest, instead of exchanging at Czarina, which was my favorite money changer for many years.

Sanry’s money changer was another favorite, and it often times had higher exchange rates than Czarina, but there’s no Sanry’s branch in the South Metro. So for many years, I exchanged my US dollars at Czarina. Until I discovered EASTWEST.

US Dollar to Philippine Peso BDO

Unlike in earlier years, BDO no longer offers the best US dollar to Philippine peso exchange rate (they offer the 2nd or 3rd best rate), but many people exchange their foreign currencies with them. Why? Because they have branches open on Saturdays, Sundays and holidays and some up to early evening. They have branches inside SM Malls where families shop and dine. And they have lots of branches nationwide.

Despite complaints that reach the media from time to time, BDO probably has the biggest number of depositors, based on their top ranking based on total deposits for many years now.

US Dollar to Philippine Peso Western Union

If you have a Paymaya or a GCash account, maybe you already know that you can receive your Western Union US dollar remittance through your Paymaya or GCash account in Philippine peso. When Western Union offered this option, I was happy because I didn’t need to go out of our house to claim my Western Union remittance. I bet many bloggers receiving Google Adsense payments are happy. Note though that the Western Union exchange rate is lower than that offered by others. So this option is only okay for lower amounts.

If you’re expecting bigger amounts of US dollars through Western Union, I suggest that you claim them at money changers Sanry’s or Czarina in US dollars, and then exchange them to Philippine peso.

Buying US Dollar with Philippine Peso

When you need US dollars, the top banks like BDO, BPI or Metrobank offer the most favorable foreign exchange rates. But it’s not easy to buy US dollars from them. You need to have a long-standing account with them, and you need certain documents, like trade or import documents, or travel documents to be able to buy US dollars from them.

Czarina also sells US dollars, but only in their big branches, and only if you present travel or trade documents. In most branches, they ask you to call prior to going to their stores to reserve dollars.

If you don’t have any document to prove where you will use US dollars, there are money changers that sell US dollars, but at a higher cost. Make sure you get a receipt and have them sign the list of US dollar serial numbers, so you can go back for replacement in case some pieces are damaged.

My Own Personal Experiences with US Dollar to Philippine Peso History

The first time I got aware there’s another kind of money, that there’s not only PESO, but that there’s also Dollar, I was in grade school. And I remember the older people said, if you have 1 dollar, you have 5 pesos. Probably late 1960s. Because when I remember those times, I also remember people were talking about Gloria Diaz winning the Miss Universe title. And when I researched, Gloria Diaz became Miss Universe in 1969. And my admiration for Gloria Diaz even grew more recently when I read she was only 18 at that time!

And when I got to high school, somebody gave me 5 dollars, and I remember the number 7, so the exchange rate that time in the 1970s must have been 1 dollar = 7 pesos.

The next time I got conscious about the dollar-peso exchange rate was when my husband decided to go abroad to work in 1994. By then, the exchange rate was one US dollar = 25 pesos.

I researched BSP’s US Dollar to Philippine Peso History, and I saw that my memories of the dollar-peso exchange rate in earlier years were accurate.