Frankfurter API (ECB & central bank mid-market rates) · May 2026

🇲🇽 MXN to 🇵🇭 PHP

Convert Mexican Peso to Philippine Peso — mid-market exchange rate

1 MXN =

3.5467 PHP

1 PHP =

0.282 MXN

Updated May 2026

MXN to PHP Conversion Table

🇲🇽 MXN🇵🇭 PHPDetails
$100.00 MXN₱354.669 PHPFull breakdown →
$1,000.00 MXN₱3,546.69 PHPFull breakdown →
$10,000.00 MXN₱35,466.90 PHPFull breakdown →

PHP to MXN Conversion Table

🇵🇭 PHP🇲🇽 MXN
₱100.00 PHP$28.1953 MXN
₱1,000.00 PHP$281.9531 MXN
₱10,000.00 PHP$2,819.53 MXN

→ Full PHP to MXN conversion page

Convert Specific Amounts

$100 MXN$1,000 MXN$10,000 MXN

Related Currency Pairs

🇵🇭 PHP → 🇲🇽 MXN

1 PHP = 0.282

🇲🇽 MXN → 🇺🇸 USD

1 MXN = 0.0576

🇲🇽 MXN → 🇪🇺 EUR

1 MXN = 0.0495

🇲🇽 MXN → 🇬🇧 GBP

1 MXN = 0.0429

🇲🇽 MXN → 🇯🇵 JPY

1 MXN = 9

🇲🇽 MXN → 🇨🇦 CAD

1 MXN = 0.0796

🇲🇽 MXN → 🇦🇺 AUD

1 MXN = 0.0806

🇲🇽 MXN → 🇨🇭 CHF

1 MXN = 0.0452

🇵🇭 PHP → 🇺🇸 USD

1 PHP = 0.0163

🇵🇭 PHP → 🇪🇺 EUR

1 PHP = 0.0139

🇵🇭 PHP → 🇬🇧 GBP

1 PHP = 0.0121

🇵🇭 PHP → 🇯🇵 JPY

1 PHP = 3

Understanding the MXN/PHP Exchange Rate

The Mexican Peso to Philippine Peso exchange rate currently stands at 1 MXN = 3.5467 PHP, based on mid-market rates sourced from Frankfurter API (ECB & central bank mid-market rates) as of May 2026. The mid-market rate represents the midpoint between the buy and sell prices on global currency markets — it's the fairest rate available and the one used by financial professionals. When you actually exchange money through a bank or currency service, expect the rate to include a markup of 0.3% to 5% depending on the provider.

Practical Implications for International Payments

At this exchange rate, a $1,000 MXN transfer would yield approximately ₱3,546.69 PHP. For regular payments like rent, tuition, or freelance invoices, the total conversion cost (rate markup + transfer fees) typically ranges from 0.5% to 4% of the amount, depending on your provider. For recurring international payments, services like Wise (formerly TransferWise) and Revolut typically offer rates within 0.3–0.7% of the mid-market rate, while traditional banks may charge 1.5–4% markups.

Who Needs MXN to PHP Conversion?

This currency pair is commonly used by people moving between Mexico and Philippines — including expatriates sending money home, freelancers invoicing international clients, students paying overseas tuition, and travelers budgeting for trips. For cost-of-living comparisons that account for local purchasing power (not just exchange rates), see our Cost of Living by Country tool.

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Frequently Asked Questions

How much is 1 MXN in PHP?▼
1 Mexican Peso (MXN) equals 3.5467 Philippine Peso (PHP) at the mid-market rate as of May 2026.
How much is 1 PHP in MXN?▼
1 Philippine Peso (PHP) equals 0.282 Mexican Peso (MXN) at the mid-market rate as of May 2026.
What is the best way to convert MXN to PHP?▼
For the best rates, use services like Wise (TransferWise) or Revolut which offer near mid-market rates with low transparent fees. Traditional banks typically add 1-3% markup to the exchange rate. Always compare the total cost (rate + fees) rather than just the quoted exchange rate.
Is MXN stronger than PHP?▼
1 MXN equals 3.5467 PHP. However, a higher exchange rate doesn't mean more purchasing power — use our Cost of Living Comparison to compare real spending power between countries.
How do I budget in PHP if I earn MXN?▼
Start by converting your monthly income: for example, $1,000 MXN = ₱3,546.69 PHP. Then use our Cost of Living tool to check actual monthly expenses in Philippines. Remember that exchange rates fluctuate, so budget 5-10% buffer.

Rates from Frankfurter API (ECB & central bank mid-market rates) (May 2026). Mid-market indicative rates — actual rates may vary. Not financial advice.