Latest US Dollar to Philippine Peso Bank Rates Compared for Today, August 3, 2026
US DOLLAR TO PHILIPPINE PESO – You can check here the comparison of the exchange rates of the different banks today, August 3, 2026.
Countless Filipinos are migrant workers. Some are land-based while others are sea-based. For these individuals and their families, truth be told that the exchange rates between the two (2) national currencies is a huge factor.
The US Dollar to Philippine Peso exchange rate determines how much the salary of an overseas Filipino worker will yield in the Philippine Peso. While a weakened Peso may have its negative implications, for OFWs and their families, it can bring some benefits through a higher money exchange.
When the Peso is weak, every U.S. Dollar sent home to the Philippines brings the families of the OFWs a higher purchasing power. However, while some Filipinos benefit from a stronger Dollar value, such standing also has negative significance.
Today, Monday, August 3, 2026, here is a table of the range of the US Dollar and Philippine Peso exchange rates in general banking categories:
| Category / Source | Buying Rate (PHP per USD) | Selling Rate (PHP per USD) | Notes |
|---|---|---|---|
| BSP Reference Rate | ₱61.26 | ₱61.26 | Official daily reference rate |
| Major Banks (Average) | ₱61.10 – ₱61.20 | ₱61.40 – ₱61.50 | Slight spread for profit margins |
| Remittance Centers | ₱61.00 – ₱61.15 | ₱61.45 – ₱61.55 | Often competitive for OFW remittances |
| Forex Dealers / Money Changers | ₱61.05 – ₱61.18 | ₱61.42 – ₱61.52 | Rates vary by location, often better than banks |
| Digital Wallets / Fintech Apps | ₱61.00 – ₱61.12 | ₱61.48 – ₱61.55 | Convenience fees may apply |
However, the depreciation of the Philippine Peso also has its own share of negative impacts to the whole Filipino citizenry. It means that imported goods such as fuel, medicines, and food staples become more expensive.
For a more specific US Dollar and Philippine Peso exchange rate among the commercial banks, here’s a table you can use as reference for today’s current exchange rates:
| Bank / Institution | Buying Rate (PHP per USD) | Selling Rate (PHP per USD) | Notes |
|---|---|---|---|
| BSP Reference Rate | ₱61.26 | ₱61.26 | Official benchmark rate |
| BDO Unibank | ₱61.15 | ₱61.45 | Largest bank, wide branch network |
| Bank of the Philippine Islands (BPI) | ₱61.12 | ₱61.42 | Competitive spreads, strong digital channels |
| Metrobank | ₱61.10 | ₱61.40 | Often aligned with BSP reference |
| Land Bank of the Philippines | ₱61.08 | ₱61.38 | Government-owned, slightly lower buy rate |
| Philippine National Bank (PNB) | ₱61.14 | ₱61.44 | Popular for remittances |
| Security Bank | ₱61.13 | ₱61.43 | Mid-range spreads |
| UnionBank | ₱61.11 | ₱61.41 | Strong fintech integration |
| China Bank | ₱61.09 | ₱61.39 | Consistent with BSP reference |
The US Dollar and Philippine Peso exchange rate is influenced by several factors including global oil costs after a series of oil price hike. When the oil prices are high, the demand for Dollars increases, thus, pushing the Philippine Peso down.