How to send money to Australia from Philippines with the best PHP-AUD rate

The exchange rate determines the price you’ll pay for Australian Dollar when you send Philippine Peso to Australia.

The current exchange rate between the Philippine Peso and Australian Dollar is 0.0262. Wise offers the best exchange.

The PHP-AUD exchange rate is always moving.

It’s possible that waiting a day or two can help you get more AUD for the same amount of Philippine Peso. But, the best way to lock in a price between the Philippines and Australia is by using a forward contract.

A bank transfer is the our recommended option for money transfers between the Philippines and Australia. Wise offers the best price on a bank transfer.

A bank transfer to Australia through Wise is 4.53% cheaper than the second-best option in the market.

Always choose providers that are regulated by financial authorities in both Philippines and Australia to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between the Philippines and Australia.

Some services have minimum or maximum thresholds on how much you can transfer from the Philippines to Australia.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of PHP to Australia. The combination of rates and fees when sending to Australia is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving the Philippines, or entering Australia. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Australia. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from the Philippines to Australia will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from the Philippines into Australian Dollar. Wise is the best company for bank transfers between Philippines and Australia.

And if you need cash right away, check if cash pickup is an option for transfers between the Philippines and Australia.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Wise.

When signing up to a money transfer company to send between the Philippines and Australia, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in the Philippines this will be a government ID like a passport or driver's license. In Australia it will be a similar set of documents, although this should only be needed if you are opening a new account in Australia, or collecting in cash.

Big transactions between the Philippines and Australia, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in the Philippines.

When sending large amounts of money between the Philippines and Australia there will be tax implications to consider.

Some transfers into Australian Dollar may need to be reported to tax authorities in Australia, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Australia based on age, income and a few other elements. When in doubt, please contact a tax professional in the Philippines or Australia to discuss your personal circumstances.