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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Philippines to Mongolia searches, and was the top rated company out of 2 that support PHP to MNT.
So for a great mix of cost, speed & features, make your Philippines to Mongolia transfer using Wise.
How to get the best deal on your Philippines to Mongolia transfer
Summary of recent searches
Important things to consider before sending money from Philippines to Mongolia
Don't settle for the first option. Always compare ways to send money from Philippines to Mongolia to find out about fees, speed, and reliability.
Our analysis included 2 providers that operate between Philippines and Mongolia.
Through this, you get a comprehensive view of all the options you have in Philippines when you need to send money to Mongolia.
Cheapest way to send money to Mongolia from Philippines: Wise
Data collected over the past six months shows that Wise is 0% cheaper than the second-best option.
The ₱0.44 transfer cost represents the most common fee for PHP to MNT international transfers, based on data from the past six months.
If you want to secure the best rates on a PHP to Mongolia transfer, make sure you pick Wise to send your money online.
*The most common fee applied to PHP-MNT by Wise, based on data from the past six months.
Fastest way to send money from Philippines to Mongolia: Wise
Our data shows that Wise came up as the fastest way to send money from Philippines to Mongolia in 100% of searches. This makes them well suited to urgent PHP to MNT money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Philippines to Mongolia - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Mongolia from Philippines in 100% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send PHP from Philippines to Mongolia, it’s the provider that will keep you safe and relaxed while your money moves into MNT.
Understanding the costs involved when moving money from Philippines to Mongolia
When calculating the costs of money transfers between Philippines and Mongolia, here's what really matters:
The Mid-Market Rate: Today, the PHP-MNT mid-market rate equals to 59.763019 MNT per Philippine Peso.
The PHP-MNT average exchange rate for the past three months has been 60.5468 MNT per Philippine Peso, with a high of 60.6593 and a low of 60.4344.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from PHP to MNT.
How to find the best exchange rate for Philippine Peso to Tugrik
Timing is essential for sending money between PHP and MNT. The exchange rate you secure impacts how much MNT you get for your PHP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from PHP to MNT has seen some fluctuation. On average, it stood at 60.5468.
During this period, the highest value recorded was 60.6593, while the lowest was 60.4344.
Wise, which is our recommended service to send money online from Philippines to Mongolia offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best PHP-Tugrik exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Philippines to Mongolia!
Payment methods available to fund your Philippines to Mongolia transfer
Bank transfers
Bank transfers are often the default option for sending money from Philippines to Mongolia.
By using a money transfer company such as Wise for transfers from Philippines to Mongolia, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers from the 2 we tested when sending PHP to Mongolia.
With an average fee of PHP3.44 to send money from Philippines to Mongolia, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Philippines to Mongolia with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Philippines to Mongolia, competing among a total of 2 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Philippines to Mongolia, Wise emerges as our top choice of the 2 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Mongolia and Philippines.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Philippines to Mongolia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send PHP to MNT.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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