Planning
Remittance Calculator
Calculate the effective exchange rate for OFW remittances after transfer fees. See how much your recipient actually receives in PHP.
Remittance Calculator
Calculate how much your recipient will receive after exchange rates and service fees. Supports multiple currencies for OFW remittances.
How This Tool Works
How It Works
For OFWs (Overseas Filipino Workers) sending money home, the actual amount received depends on the exchange rate AND the transfer fee. This calculator shows the effective rate.
Calculation
totalCost = sendAmount + fee
receiveAmount = sendAmount × exchangeRate
effectiveRate = receiveAmount / totalCost
Why Effective Rate Matters
A remittance service might offer a great exchange rate but charge a high fee, or vice versa. The effective rate combines both into a single number for easy comparison.
Supported Currencies
You can calculate for any currency pair (USD, EUR, GBP, SGD, AED, JPY, etc.) by entering the current exchange rate to PHP.
Tips
- Compare multiple remittance services using the effective rate
- Larger amounts tend to have lower effective fees (percentage-wise)
- Consider transfer speed vs. cost trade-offs