Western Union Dollar Exchange Rate To Philippine Peso
Introduction
Philippine Peso (PHP) is the official currency of the Philippines while the United States Dollar (USD) is the currency of the United States. Western Union is a global money transfer service that allows people to send and receive money across borders.
Western Union Exchange Rate
Western Union exchange rate refers to the value of one currency in relation to another. It is the rate at which one currency can be exchanged for another. Western Union exchange rate for USD to PHP is the value of one US dollar in Philippine pesos.
Factors Affecting Western Union Exchange Rate
Western Union exchange rate is affected by various factors such as economic and political conditions, supply and demand, inflation, interest rates, and central bank policies. These factors determine the value of a currency in relation to others.
Current Western Union Exchange Rate for USD to PHP
As of August 2021, the current Western Union exchange rate for USD to PHP is around 50.37 Philippine pesos for one US dollar. This means that if you want to send $100 to the Philippines, the recipient will receive around 5,037 Philippine pesos.
How to Check Western Union Exchange Rate
You can check Western Union exchange rate for USD to PHP on the Western Union website or mobile app. Simply enter the amount you wish to send and choose the recipient's country and currency. The website will display the current exchange rate and the amount the recipient will receive.
Western Union Fees
Western Union charges fees for every money transfer transaction. The fees vary depending on the amount being sent, the destination country, and the payment method. Western Union also offers different transfer methods such as bank transfer, cash pickup, and mobile wallet transfer, each with its own fee.
How to Send Money via Western Union
To send money via Western Union, you need to have a valid identification document and a Western Union account. You can create an account on the Western Union website or mobile app. Once you have an account, you can choose the transfer method, enter the recipient's details, and pay the transfer fee. The recipient can then receive the money through the chosen transfer method.
Conclusion
Western Union exchange rate for USD to PHP is an important factor to consider when sending money to the Philippines. It is affected by various economic and political factors that determine the value of a currency in relation to others. Checking the current exchange rate and fees can help you make informed decisions when sending money via Western Union.