Mexican Peso to Philippine Peso — MXN to PHP
MXN to PHP Converter
MXN/PHP Rate — Last 30 Days
MXN gained 1.23% vs PHP this week — a clear short-term uptrend. If momentum holds, MXN may continue to strengthen.
The 7-day and 30-day averages are very close — MXN/PHP is consolidating without a clear directional bias. Watch for a breakout from this range.
The rate is at its highest point in 30 days. Strong bullish momentum — MXN buyers are in control. At highs, watch for resistance and potential reversal.
RSI above 50 means buyers are in control over the recent period. At 67, momentum is moderately bullish — not extreme, suggesting the trend has room to continue without being overextended.
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Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 3.5730 | 3.5238 | 3.5446 |
| 30 days | 3.5730 | 3.4737 | 3.5300 |
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Historical MXN/PHP Rates by Year
What drives the MXN/PHP rate?
Whether you're converting MXN for travel, business, or investment, here's what drives the MXN to PHP exchange rate. The MXN/PHP exchange rate is determined by supply and demand in global currency markets, influenced by interest rate decisions from both central banks, economic data releases, inflation figures, and broader risk sentiment in financial markets. Trade flows between the two countries or regions also play an important role in long-term rate direction.
How to get the best MXN to PHP rate
The rate shown above is the interbank mid-market rate — the real exchange rate used between financial institutions. Individual customers cannot access this rate directly. Banks typically add a 2–3% spread on top, meaning you receive significantly less than the rate shown.
Online transfer services like Wise offer rates very close to the interbank rate with a small transparent fee of 0.5–1%. On a $1,000 MXN exchange this typically saves $15–25 compared to a bank. Airport exchange booths charge the highest fees — often 5–8% above the interbank rate — and should be avoided for large amounts.