The EUR to PHP exchange rate forecast remains cautious, sitting at 62.53, below the 3-month average of 63.09. Analysts warn that a slump in Eurozone manufacturing and volatility in energy prices may impact the euro's stability against the peso in the near term. 03-Sep
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Comparing 
EUR-PHP exchange rates
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Euro (EUR) to Philippine peso (PHP) rates from different sources before making a conversion.
The above Euro to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and foreign exchange providers against the latest EUR-PHP mid-rate (see Market Data below ) and the possible savings of using a different provider.
EUR to PHP Market Data
Euro (EUR) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
1 EUR =
62.50We compare provider deals to this wholesale mid-market rate. Read more
PHP
+0.6%
3M▼
EUR to PHP at 62.53 is just 0.9% below its 3-month average of 63.09, having traded in a very stable 3.0% range from 62.14 to 64.01
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1 PHP =
0.016000 EUR
| Date | EUR/PHP | Change | Period |
|---|---|---|---|
19 Aug 2024 | 62.83 | 0.5% ▼ | 2 Week |
04 Jun 2024 | 64.10 | 2.4% ▼ | 3 Month |
03 Sep 2023 | 61.27 | 2.1% ▲ | 1 Year |
04 Sep 2019 | 57.31 | 9.1% ▲ | 5 Year |
05 Sep 2014 | 56.45 | 10.8% ▲ | 10 Year |
07 Sep 2004 | 67.85 | 7.8% ▼ | 20 Year |
What are equivalent amounts of EUR and PHP?
Here are some popular conversion amounts for EUR to PHP (Euro to Philippine peso)*.
| EUR | PHP |
|---|---|
| € 1 | ₱ 62.50 |
| € 5 | ₱ 312.50 |
| € 10 | ₱ 625.00 |
| € 20 | ₱ 1,250 |
| € 50 | ₱ 3,125 |
| € 100 | ₱ 6,250 |
| € 250 | ₱ 15,625 |
| € 500 | ₱ 31,250 |
| € 1,000 | ₱ 62,500 |
| € 2,000 | ₱ 125,000 |
| € 5,000 | ₱ 312,500 |
| € 10,000 | ₱ 625,000 |
| € 20,000 | ₱ 1,250,000 |
| € 50,000 | ₱ 3,125,000 |
| € 100,000 | ₱ 6,250,000 |
| EUR | PHP |
|---|---|
| € 0.0160 | ₱ 1 |
| € 0.0800 | ₱ 5 |
| € 0.1600 | ₱ 10 |
| € 0.3200 | ₱ 20 |
| € 0.8000 | ₱ 50 |
| € 1.6000 | ₱ 100 |
| € 4.0000 | ₱ 250 |
| € 8.0000 | ₱ 500 |
| € 16.00 | ₱ 1,000 |
| € 32.00 | ₱ 2,000 |
| € 80.00 | ₱ 5,000 |
| € 160.00 | ₱ 10,000 |
| € 320.00 | ₱ 20,000 |
| € 800.00 | ₱ 50,000 |
| € 1,600 | ₱ 100,000 |
More amounts
*Converted at the current EURPHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for EUR to PHP
The exchange rate forecast for the EUR to PHP remains cautious as recent updates reveal complex dynamics affecting the euro and its relationship with other currencies. Analysts indicate that while the euro showed initial strength against certain peers, a subsequent slump in manufacturing activity across the Eurozone significantly dampened sentiment. The absence of fresh economic data may leave the euro's movements largely tied to its negative correlation with the US dollar, especially given that the Philippine peso has already seen significant depreciation against the dollar. The current EUR to PHP rate of 62.53 sits modestly below its 3-month average of 63.09, reflecting a tight trading range of 3.0%, which underscores the euro’s recent stability despite broader economic concerns.
Read our full review of recent EUR to PHP forecasts.
How to get a good EUR to PHP exchange rate
There are several ways to save on exchange rates when converting Euro to Philippine peso:
- Shop around for the best EUR/PHP exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
- Timing is important: Keep an eye on the EUR/PHP rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
- Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both EUR and PHP at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
- Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.
The key is reducing excessive costs and fees
Generally speaking, if you are buying Philippine peso with Euro, then it's better for the EUR/PHP exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
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Will the Euro rise against the Philippine peso?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add EUR/PHP to your personalised Rate Tracker to track and benefit from currency movements.
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Read our Currency guide to Philippines - a practical currency and money guide to travel, living and doing business in Philippines with the Philippine peso.
Currency Country Guides
| Eurozone (EUR) | Philippines (PHP) |
What is the cost of living in Philippines?
The cost of living in Philippines is relatively low compared to other countries. Rent, food, and transportation are all relatively inexpensive.
How is the expat life in Philippines?
The expat life in Philippines can be quite comfortable. There is a wide variety of housing options available, from apartments to villas. Many expats live in gated communities with security guards. The cost of living is relatively low, and there are a number of good schools to choose from. English is widely spoken, which makes communication easy.
Read more at our Philippines (PHP) country guide
Related exchange rates
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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