Best option: Payoneer
We tested & reviewed 4 money transfer providers, and Payoneer scored highly in each category.
Over the last six months, Payoneer appeared in 80% of Bhutan to Philippines searches, and was the top rated company supporting money transfers between BTN and PHP.
For a great mix of cost, speed & features, transfer from Bhutan to Philippine Peso using Payoneer.
How to to send from Bhutan to Philippines in the best way
Considerations when sending from Bhutan to Philippines
Comparing money transfer companies with services between Bhutan and the Philippines, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.
For this route, we’ve compared 4 providers providing services between Bhutan and Philippines. This ensures you will get the best options when sending Philippine Peso to the Philippines.
Over the last six months, we’ve picked Payoneer as the best overall provider. However, comparing based on the amount you want to send to the Philippines will provide a specific provider that’s best for transferring money from Bhutan.
Cheapest way to send money to the Philippines from Bhutan: Multipass
Data collected through our comparison over the past six months shows that Multipass is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* BTN and an exchange rate for buying Philippine Peso with Ngultrum that is 0.5% different to the mid-market rate.
If you want to secure the best rates on a Bhutan to Philippines transfer, Multipass offers value. We would still recommend searching for the amount you want to send to the Philippines.
*The most common fee applied to BTN-PHP by Multipass, based on data from the past six months.
Fastest company to send money to the Philippines from Bhutan: Payoneer.
Through our data, Payoneer was the quickest way to send money from Bhutan to Philippine Peso 80% of the time.
Sending money through Payoneer to the Philippines from Bhutan has an average fee of 0 BTN.
To understand who was the fastest, we tested Payoneer as part of 4 money transfer providers. Within this, we looked at the overall speed of sending money from Bhutan to the Philippines. This was made up of transfer times to the Philippines after Ngultrums were added to a money transfer account.
When fast money transfers between Bhutan and the Philippines are a priority, Payoneer is our recommended choice.
Transfer a large sum of money
From 4 money transfer companies compared, Payoneer is the best option for large transfers from Bhutan to the Philippines.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Bhutan to the Philippines can become expensive if you use a bank, or the wrong provider.
Payoneer is the top choice for sending large sums of money to the Philippines from Bhutan because they offer a strong service and competitive exchange rates.
Understanding the cost of moving money from Bhutan to Philippines
The total cost of sending money to the Philippines from Bhutan, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for BTN-PHP is 0.6955 PHP per Ngultrum.
Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your Ngultrum.
The average BTN-PHP mid-market rate for the last three months has been 0.6847 PHP per Ngultrum. This includes a high of 0.7121, and low of 0.6666.
Out of the 4 companies compared, Multipass offers the best exchange rates.
The exchange rate you receive on converting BTN to PHP should be the biggest determining cost factor when transferring Ngultrum to the Philippines.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Multipass, with a fee average of 0 BTN per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Philippine Peso eventually received in the Philippines.
A lower cost of sending from Bhutan will result in more money received in the Philippines.
Getting the best exchange rate for Ngultrum to Philippine Peso
Tracking the mid-market rate can make a huge difference when sending money BTN to PHP. The exchange rate you secure impacts how much PHP you get for your BTN.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from BTN to PHP has seen some fluctuation. On average, it has been 0.6847.
During this period, the highest value level was 0.7121, with a low of 0.6666.
Payoneer, which is our recommended service to send money online from Bhutan to Philippines offers an exchange rate that is only 1.5% above the mid-market rate.
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Payment options for transfers from Bhutan to Philippines
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Philippines and Bhutan.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
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 Bhutan to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send BTN to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.