Remitly Exchange Rate Dollar To Philippine Peso Today
What is Remitly?
Remitly is a digital money transfer service that allows people to send money from the United States to the Philippines and other countries around the world. The company was founded in 2011 and is headquartered in Seattle, Washington.
How does Remitly work?
To use Remitly, you need to create an account on their website or mobile app. Once you have an account, you can select the recipient and the amount you want to send. Remitly will then convert your dollars into Philippine pesos using the current exchange rate.
What is the current exchange rate for dollar to Philippine peso?
The exchange rate for dollar to Philippine peso varies depending on the market conditions. As of today, the exchange rate is 1 USD = 49.78 PHP.
How does Remitly determine the exchange rate?
Remitly uses the mid-market exchange rate to convert your dollars into Philippine pesos. This rate is the midpoint between the buy and sell rates on the global currency markets.
What are the fees for using Remitly?
Remitly charges a fee for each transfer, which varies depending on the amount you are sending, the destination country, and the speed of delivery. The fees can range from $0 to $3.99 per transfer.
What are the delivery options for Remitly?
Remitly offers two delivery options: Economy and Express. Economy delivery takes 3-5 business days and is free for transfers over $1,000. Express delivery takes 1-2 business days and costs $3.99 per transfer.
How secure is Remitly?
Remitly uses bank-level security to protect your personal and financial information. They are also licensed and regulated by state and federal agencies in the United States.
What are the benefits of using Remitly?
Remitly offers competitive exchange rates, low fees, and fast delivery times. They also have a user-friendly website and mobile app that makes it easy to send money from anywhere.
Conclusion
Remitly is a reliable and convenient way to send money from the United States to the Philippines. With competitive exchange rates, low fees, and fast delivery times, it's a great option for anyone who needs to send money to their loved ones overseas.