Reference rate
What Is the PHP to INR Rate Today?
- Author:
- Editorial team, serviceexportguide.com
- Rate date:
- Fees checked on
Short answer
On 13 November 2026, 1 PHP = ₹1.4769 at the European Central Bank reference rate1, up 0.08% on the previous published day. On published fees, Payoneer leaves the most rupees on PHP 320,000 today: about ₹4,40,492 to ₹4,54,257, an effective 1.3980 per PHP.
| Best platform today | Best for | INR on PHP 320,000 | Markup |
|---|---|---|---|
| Payoneer | Marketplace payouts such as Amazon or Upwork | ₹4,40,492 to ₹4,54,257 | 1 to 4% |
| PayPal | Clients paying by card or PayPal balance | ₹4,33,710 to ₹4,38,227 | 3 to 4% |
₹1,476.87
At the reference rate for 13 November 2026. The rupees you actually receive will be lower: banks and payment platforms apply their own buying rate and fees.
Which platform gives the best PHP to INR rate today?
The platform that gives the best PHP to INR rate today is the one that leaves the most rupees after its fee, conversion markup, GST on fees and FIRA charge. The table ranks every provider that publishes complete PHP pricing by rupees received on PHP 320,000, with the effective rate each one gives.
| Platform | Best for | Effective rate | Markup | INR on PHP 320,000 |
|---|---|---|---|---|
| PayoneerPayment request paid by credit card | Marketplace payouts such as Amazon or Upwork | ₹1.3980 | 1 to 4% | ₹4,40,492 to ₹4,54,257 |
| PayPalInternational commercial transaction received into a PayPal account (PayPal checkout or invoice) | Clients paying by card or PayPal balance | ₹1.3624 | 3 to 4% | ₹4,33,710 to ₹4,38,227 |
How has the PHP to INR rate moved?
Between 17 August 2026 and 13 November 2026, the PHP to INR reference rate moved down 4.99%, from ₹1.5544 to ₹1.4769.1
| Last 90 days | ₹ per 1 PHP | Date |
|---|---|---|
| High | 1.5544 | 17 August 2026 |
| Low | 1.4758 | 12 November 2026 |
| Average | 1.5183 | 65 published days |
Daily rates for the last 10 published days
| 13 November 2026 | 1.4769 |
| 12 November 2026 | 1.4758 |
| 11 November 2026 | 1.4813 |
| 10 November 2026 | 1.4932 |
| 9 November 2026 | 1.4869 |
| 6 November 2026 | 1.4904 |
| 5 November 2026 | 1.4997 |
| 4 November 2026 | 1.4897 |
| 3 November 2026 | 1.4930 |
| 2 November 2026 | 1.4935 |
How much INR do you get on PHP 130,000, 320,000 and 640,000?
At the reference rate, PHP 130,000 is ₹1,91,993, PHP 320,000 is ₹4,72,597 and PHP 640,000 is ₹9,45,195. The rupees each provider leaves after its published costs are below.
| Platform | Best for | INR on PHP 130,000 | INR on PHP 320,000 | INR on PHP 640,000 | Cost on PHP 320,000 |
|---|---|---|---|---|---|
| PayoneerMost INRPayment request paid by credit card | Marketplace payouts such as Amazon or Upwork | ₹1,78,924 to ₹1,84,515 | ₹4,40,492 to ₹4,54,257 | ₹8,81,028 to ₹9,08,560 | 3.88 to 6.79% |
| PayPalInternational commercial transaction received into a PayPal account (PayPal checkout or invoice) | Clients paying by card or PayPal balance | ₹1,76,182 to ₹1,78,017 | ₹4,33,710 to ₹4,38,227 | ₹8,67,441 to ₹8,76,476 | 7.27 to 8.23% |
Not estimated because pricing for PHP is not fully published: Wise.
Ranked by INR received on PHP 320,000. Reference rate: European Central Bank data for 13 November 2026. Fees, conversion markup, GST on fees and FIRA charges as published by each provider, checked 28 October 2026. Ranges appear where a provider publishes a range or does not state its GST rate. Intermediary bank charges are excluded. See the methodology.
Why does your bank give you less than the PHP to INR rate on Google?
Your bank gives you less than the PHP to INR rate on Google because a bank converts export receipts at its own buying rate, which sits below the market or reference rate, and may add a fee. The gap is the conversion markup, and it is usually not shown as a separate charge.
For example, on PHP 320,000 at today's reference rate of ₹1.4769, a 2% markup means you receive about ₹4,63,145 instead of ₹4,72,597, a difference of ₹9,452 before any fee. To find the markup you actually paid, compare the rate on your FIRA with the reference rate for that day using the FX markup calculator.
What moves the PHP to INR rate?
The PHP to INR rate moves with the supply of and demand for each currency. The usual drivers are:
- Interest rates: a change in interest rates in either economy can shift money towards the currency paying more.
- Trade and capital flows: India's imports, exports and foreign investment flows change how many rupees are bought and sold.
- RBI action: the Reserve Bank of India buys and sells foreign currency in the market, which can slow sharp moves in the rupee.
- Risk sentiment: in uncertain periods, investors often move money into currencies they see as safer.
No one can reliably predict the next move, so plan conversions around your cash needs rather than forecasts.
When should exporters convert PHP to INR?
Exporters should convert PHP to INR when they need the rupees, within the FEMA realisation limit of nine months from the date of export for services.2 The main options are:
- Spot: convert on receipt at the rate your bank or provider offers that day.
- Forward contract: fix a rate with your bank today for a future date. The RBI permits small exporters to hedge with bank forwards, swaps and purchased European options.3
- Limit order: some providers let you set a target rate and convert automatically when the market reaches it. Check whether your provider offers this.
- EEFC holding: a resident can keep up to 100% of foreign exchange earnings in an Exchange Earner's Foreign Currency account, but the month's accruals must be converted to rupees by the last day of the following month, after approved uses.4
How do you get the best PHP to INR rate?
- Compare the total cost: add the fee, the conversion markup and GST on fees, not just the headline fee. The platform cost comparison does this for you.
- Ask for local payment: a client paying into local PHP account details usually avoids SWIFT charges taken by intermediary banks.
- Check your FIRA: the rate on your FIRA shows what you were actually given. Compare it with the reference rate for that day.
- Negotiate at volume: banks often price conversion by amount, so ask your relationship manager for a better rate on large receipts.
For every way to receive PHP and what each costs, read how to receive PHP payments in India.
How do we source and check these rates?
- Feed: European Central Bank euro reference rates, published each working day at around 16:00 CET. The ECB publishes both PHP and INR against the euro. We divide the rupee rate by the PHP rate to get rupees per PHP.
- Refresh: this page checks the feed every hour. The date shown is always the date of the ECB rate used. If the feed cannot be read, we show the last successful date, never an old rate as today's.
- Provider costs: each provider's published fee, conversion markup, GST on fees and FIRA charge, checked on 28 October 2026. Intermediary bank charges are excluded. The ECB says its rates are for information purposes only.
- Ranking: by rupees received only. No provider can pay to change its position. See the methodology.
- [1]European Central Bank: euro foreign exchange reference rates
- [2]RBI: Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, amended up to 22 September 2026 (regulation 5)
- [3]RBI: Master Direction - Risk Management and Inter-Bank Dealings, FMRD Master Direction No. 1/2016-17, updated as on 1 October 2026 (Part A, Section I)
- [4]RBI: Master Direction, Deposits and Accounts (FED Master Direction No. 14/2015-16), updated as on 2 September 2026, paragraphs 3.1 and 5.1
FAQs
Is the PHP to INR reference rate the rate my bank will give me?+
No. The PHP to INR reference rate is a benchmark. Banks convert export receipts at their own buying rate (often called the TT buying rate), and payment platforms apply their own conversion price, so you receive fewer rupees than the reference rate suggests.
How often does the PHP to INR rate on this page update?+
The European Central Bank publishes reference rates once each working day at around 16:00 Central European Time. This page checks for new data every hour and always shows the date of the rate it displays.
Which PHP to INR rate decides the rupees I actually earned?+
The rate applied on the day your PHP is converted decides the rupees you earned. Your FIRA or bank advice shows that rate. A chartered accountant can tell you which date's rate to use for GST returns and income tax records.
Do I need to convert a PHP invoice to INR before sending it?+
No. A PHP export invoice is raised in PHP, so no conversion is needed to issue it. The conversion happens when the money is received and converted by your bank or payment provider.
How long can an exporter wait before receiving PHP for an invoice?+
Under the FEMA export regulations, the full value of an export of services must be realised and repatriated to India within nine months of the date of export, or 12 months where the invoice is in INR, unless the RBI or your bank extends the period.
Why does the PHP to INR rate on Google differ from this page?+
Google and other sites show their own data feeds, often market rates that change through the day. This page shows the ECB reference rate published once a working day, so the two can differ slightly. Neither is the rate your bank or provider applies.