How Much is 490 US Dollar (USD) in Philippine Peso (PHP) (2024)

FAQs

How much is $100 US worth in the Philippines? ›

Latest USD to PHP Converter Rate

The current exchange rate of 500 US Dollar to Philippine Peso is 29,430 PHP.

1 USD = 58.935498 PHP Jun 26, 2024 17:22 UTC

The currency converter below is easy to use and the currency rates are updated frequently.

More specifically, the best time to trade USD/PHP is between 12:00 and 15:00 GMT when the market is most liquid. Weekends tend to see higher USD value because foreign currency cash flows slow down. So, it may be a good idea to convert US dollars to pesos on weekends or whenever the former is stronger.

Your potent dollar travels a lot further in the Philippines than back home. Let's say you're craving a local meal that costs 500 PHP. Your cost in greenbacks? A mere $9 USD.

FAQs - Best ways to take money to the Philippines

Should I exchange money before I travel to the Philippines? You'll need to have some cash in the Philippines, so you can exchange in advance or make an ATM withdrawal on arrival at the airport.

“Is $500 a lot of money in the US?” The median household income in America is around $60,000 per year, and the poverty line for a single adult is $12,880 per year. So $500 would keep the median household going for about 3 days, or a “poor” person going for about 2 weeks.

It's safe to say that in Manila, one can have a hefty complete meal at Php500 (around 10 US Dollars) but you can also have a fair simple meal at Php150 (around 2-3 US Dollars). Upscale restaurants in central districts and prime areas would have double or triple (or more!) the prices. The range can vary so much.

How much does a house cost in the Philippines? ›

Average Home Prices in the Philippines

Small to medium sized houses (80 to 150 sqm) usually range from ₱3.5 million (about $63,000) to ₱5 million ($90,000). Larger family homes (200 to 400 sqm) average between ₱10 million ($180,000) to ₱20 million ($360,000).

A family of four estimated monthly costs are 1,850.7$ (108,763.5₱) without rent. A single person estimated monthly costs are 535.9$ (31,495.6₱) without rent. Cost of living in Philippines is, on average, 56.2% lower than in United States. Rent in Philippines is, on average, 83.0% lower than in United States.

Philippines Average Salary

The average monthly salary in the Philippines is around 44,800 PHP, corresponding to about USD 800.12 according to the survey conducted by Salary Explorer. The average yearly salary in the Philippines is around 537,000 PHP, which corresponds to about USD 9574.41.

A person may freely bring into or take out of the Philippines foreign currency and other bearer monetary instruments (e.g., travelers' checks, other checks, drafts, notes, money orders, bonds) in amounts up to USD10,000 or its equivalent in other foreign currencies.

Average Home Prices in the Philippines

Small to medium sized houses (80 to 150 sqm) usually range from ₱3.5 million (about $63,000) to ₱5 million ($90,000). Larger family homes (200 to 400 sqm) average between ₱10 million ($180,000) to ₱20 million ($360,000).