Guide on US Dollar to Philippine Peso Exchange Rate Today, August 5, 2022 – How Much You Will Get?
US DOLLAR TO PHILIPPINE PESO – Check out the exchange rate to convert United States Dollars to Philippine Peso, vice versa, today, August 5, 2022.
A lot of Filipinos are working in the United States and the money they send to their loved ones in the Philippines are dependent on the US Dollar to Philippine Peso exchange rate for the day. Undeniably, the weaker the Philippine Peso is, the higher the Filipino families may get.
Based on Asia United Bank (AUB), here is the US Dollar to Philippine Peso Exchange Rate, Today, August 5, 2022:
- Buying: PHP 55.46
- Selling: PHP 55.71
Many Filipinos are working abroad because they want to give their families and loved ones in the Philippines a more comfortable life. They earn more or even twice of what they can earn if they will stay in the Philippines. This scenario is true most especially in the case of medical professionals.
When it comes to working abroad, there are undeniably countries that are preferred by overseas Filipino workers (OFWs) over some nations. One of these nations is the United States. It is known to the public that the US Dollar to Philippine Peso exchange rate usually does not fall below Php 46 for 1 USD.
Recently, the families of Filipinos in the United States who are sending remittances in the country are receiving a bigger amount. It is amid the Philippine Peso weakening against the United States Dollars for several weeks now. While their families receive a bigger amount, many OFWs are not happy about the high prices of goods and commodities in the country.
According to some families of OFWs, the extra amount they get from the exchange rate now is only enough for the increase in household expenses.
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For the list of previous conversions between the US Dollar and the Philippine Peso, you may visit – 1 US Dollar To Peso – Exchange Rate of United States Dollar to Philippine Peso.