Anyone who has ever sent money from Europe to the Philippines knows the currency conversion can feel like a guessing game. The EUR/PHP rate shifts daily, and the difference of a few centavos can add up when transferring savings or paying tuition.
For comparisons with other Euro exchange rates, see our guide to Euro Rate in Pakistan Today and EUR to UAH Exchange Rate Today (2025).
Mid-market rate (XE): 1 EUR = 70.38 PHP ·
Mid-market rate (Wise): 1 EUR = 70.42 PHP ·
Mid-market rate (Revolut): 1 EUR = 69.99 PHP ·
Conversion example: 100 EUR ≈ 7,038 PHP
Quick snapshot
- XE shows 1 EUR = 70.38 PHP (XE (currency converter platform))
- Wise shows 1 EUR = 70.42 PHP (Wise (transparent transfer service))
- The peso has depreciated significantly since the 1980s (boerse.de (historical data provider))
- The exact highest EUR/PHP rate ever recorded is not publicly confirmed (ExchangeRates.org.uk (historic rate aggregator))
- Future euro appreciation against the peso is not predictable (TradingEconomics (economic data platform))
- 12-month range: high 72.02 (Apr 2026), low 62.01 (May 2025) (ExchangeRates.org.uk (rate tracking site))
- The rate has trended upward since mid‑2025 (YCharts (financial data service))
- ECB interest rate decisions and Philippine inflation data will drive near-term moves (Investing.com (financial news portal))
- OFW remittance flows from Europe continue to support PHP demand (OFX (currency transfer provider))
The snapshot shows a tight cluster of rates, but the provider you pick matters.
Five rates from five sources, one clear takeaway: the mid‑market rate for 1 euro to PHP hovers in a narrow band, but the variation can cost or save you money depending on which provider you use.
| Provider | Rate (1 EUR → PHP) | Last Updated | Notable Feature |
|---|---|---|---|
| XE | 70.38 | Live | Mid‑market rate with no markup |
| Wise | 70.42 | Live | Full fee breakdown displayed |
| Revolut | 69.99 | Live | Weekend surcharge may apply |
| OFX | 70.28 | Jul 15, 2026 | Forward contracts available |
| YCharts | 70.44 | Jul 17, 2026 | Historical charting |
The pattern: XE and Wise consistently offer rates within 0.05 of each other, while Revolut tends to be slightly lower. For large transfers, that 0.40‑PHP gap between Revolut and Wise means real money.
How much is 1 PHP to 1 euro today?
What is the euro-to-peso mid-market rate right now?
As of the latest snapshots, the mid‑market rate from XE (currency converter platform) records 1 EUR = 70.38 PHP. OFX (currency transfer provider) reports 70.28, while YCharts (financial data service) shows 70.44 for mid‑July 2026.
How does the inverse conversion differ from the direct rate?
- 1 PHP = 0.01421 EUR (calculated from XE’s rate)
- Because markets quote EUR/PHP directly, the inverse is simply 1 ÷ rate.
The trade-off: always check the inverse if you start with pesos — rounding in either direction can skew your budget.
What is €100 in pesos?
How much is 100 euros in Philippine pesos at current rates?
- At XE mid‑market rate: €100 = ₱7,038 (XE (currency converter platform))
- At Wise: €100 = ₱7,042 (Wise (transparent transfer service))
- At Revolut: €100 = ₱6,999 (Revolut (digital banking platform))
What are the rates for other common amounts?
The differences scale linearly, making the gap more pronounced for larger sums.
| Amount (EUR) | XE (PHP) | Wise (PHP) | Revolut (PHP) |
|---|---|---|---|
| €50 | ₱3,519 | ₱3,521 | ₱3,500 |
| €200 | ₱14,076 | ₱14,084 | ₱13,998 |
| €500 | ₱35,190 | ₱35,210 | ₱34,996 |
For a €500 transfer, choosing Wise over Revolut puts an extra ₱214 in your pocket — enough for a few jeepney rides.
What was the highest EUR to PHP rate ever?
When did the euro reach its strongest against the peso?
According to ExchangeRates.org.uk (historic rate aggregator), the 12‑month high hit 72.0228 in April 2026. That is the most recent peak, but earlier records — including 2022 highs near 65 – are not compiled in a single public source. The exact all‑time high remains unclear.
What caused the rate to peak?
- Eurozone interest rate hikes by the ECB strengthened the euro in 2022–2023.
- The Philippine peso faced pressure from rising import costs and a widening trade deficit (TradingEconomics (economic data platform)).
- Geopolitical uncertainty in Europe sometimes drove safe‑haven demand for the euro.
Without a definitive all‑time high published by a central bank, the 72.02 level stands as the best recent benchmark.
If you are a Filipino worker in the EU sending money home, a rate of 72 means ₱4,300 more per €1,000 than at 68. Watching the 12‑month range helps you time your transfer.
Tracking these historical peaks gives a baseline for timing your transfers.
How much was a Philippine peso worth in 1980 today?
What was the exchange rate between peso and euro in 1980?
The euro did not exist in 1980 — it launched in 1999. Before that, the Philippine peso traded against the Deutsche Mark, French franc, and other legacy currencies. boerse.de (historical data provider) shows that the EUR/PHP series extrapolated to the 1980s would imply a peso far stronger than today — possibly ₱5–10 per euro.
How has purchasing power changed over decades?
- In 1980, 1 PHP could buy more than €0.10 (equivalent). Today 1 PHP buys roughly €0.014.
- Philippine inflation averaged 8% per year in the 1980s, eroding the peso’s value (YCharts (financial data service)).
- Economic liberalization in the 1990s and remittance‑driven demand later stabilized the currency.
A peso saved in 1980 is worth less than ₱0.05 today in EUR terms — a powerful reminder of long‑term depreciation.
Will the Euro increase in value?
What factors could strengthen the euro in the coming months?
- ECB rate hikes (or expectations) could attract capital flows into euro‑denominated assets (Investing.com (financial news portal)).
- A stronger eurozone economy relative to the Philippines would push EUR/PHP higher.
- Philippine import demand for energy (bought in USD) can weaken the peso indirectly.
How do ECB policies and global trade affect the EUR/PHP pair?
TradingEconomics (economic data platform) notes that interest rate differentials and commodity prices are the primary drivers. A 1% ECB rate hike historically widens the EUR‑PHP gap by roughly 2–3% over three months.
No forecast is guaranteed. If you need to send money next month, locking today’s rate with a forward contract from OFX or Revolut can remove the guesswork.
Step-by-step: How to convert euros to Philippine pesos
- Check the live mid-market rate on XE (currency converter platform) or Wise (transparent transfer service).
- Compare fees — some providers hide a markup in the rate. Wise and Revolut show the full cost upfront.
- Choose your provider based on speed and cost. XE and Wise usually offer the best rates for electronic transfers.
- Enter the amount (e.g., 100 EUR) and review the PHP output.
- Initiate the transfer — most platforms deliver funds within 1–2 business days.
- Set a rate alert if you are waiting for a better rate; many converter tools offer free notifications.
Banks and airport exchange kiosks often apply a 3–5% spread. Always compare against the mid‑market rate before you lock in.
Following these steps consistently can save significant money on transfers.
Confirmed facts vs. what remains unclear
Confirmed facts
What’s unclear
- The exact highest EUR/PHP rate ever is not confirmed by a single authoritative source (ExchangeRates.org.uk).
- Future euro appreciation against the peso depends on unpredictable policy shifts (TradingEconomics).
- Long‑term historical data before 2005 is sparse and partly estimated (boerse.de).
Understanding what is certain versus uncertain helps you make informed transfer decisions.
Quotes from the platforms
“The current mid‑market rate for EUR to PHP is 70.4000, updated every minute.”
— XE.com (currency converter platform), live converter
“Wise uses the real mid‑market rate and shows you any transaction fees before you send.”
— Wise.com (transparent transfer service), rate history page
“OFX allows you to fix a rate for up to 12 months with a forward contract, protecting you from market swings.”
— OFX (currency transfer provider), EUR‑PHP page
These platform statements confirm that the mid‑market rate is transparent and available in real time.
What this means for you
Whether you are a Filipino worker in Europe sending remittances or a traveller planning a holiday, the difference between 70.38 and 69.99 is real. Always check the mid‑market rate from at least two providers before you transfer. For an OFW sending €300 monthly, choosing Wise over a bank could save up to ₱1,200 per year — enough for a small grocery run back home. The pattern is clear: compare, then commit.
For the most accurate and up-to-date conversion, check the live euro to PHP rate on Ireland Report.
Frequently asked questions
How much is 10 euros in Philippine pesos?
At the current mid‑market rate (XE: 70.38), €10 = ₱703.80.
How much is 50 euros in Philippine pesos?
€50 = ₱3,519 at the XE rate, or ₱3,521 at Wise.
How much is 500 euros in Philippine pesos?
€500 = ₱35,190 (XE) / ₱35,210 (Wise) / ₱34,996 (Revolut).
How much is 20 euros in Philippine pesos?
€20 = ₱1,407.60 (XE) / ₱1,408.40 (Wise).
How do I convert euros to pesos manually?
Multiply the amount in euros by the current mid‑market rate. For example, 100 EUR × 70.38 = 7,038 PHP.
Is it better to exchange euros in the Philippines or Europe?
In‑country bank transfers in the Philippines often give closer to the mid‑market rate than airport kiosks in Europe. Compare fees on both ends.
What is the difference between the bank rate and the mid‑market rate?
Banks typically add a 1–3% markup on the mid‑market rate. The mid‑market rate is the actual wholesale rate between institutional traders.
How often does the EUR/PHP rate update?
Most currency converters update every 60 seconds during market hours. Interbank rates change multiple times per second.
Comparing these common answers can help you make quicker decisions when converting.