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Average Foreign Exchange Manager Salary in Philippines for 2026

A foreign exchange manager in Philippines earns about 870,700 PHP a year. That's 63% above the national average of 535,800 PHP.

Pay ranges widely from country to country and from role to role. The lowest reported salaries in Philippines sit around 399,900 PHP a year, while the very top stretches to 1,380,400 PHP. Everything on this page is in Philippine peso (PHP, symbol ₱), which lets you compare numbers like-for-like without worrying about exchange rates.

The numbers here are pulled together from official government wage data, large independent salary surveys, and aggregated worker-reported pay. Most reported salaries include the benefits that are common in Philippines, such as housing or transport allowances, which is worth keeping in mind if you're comparing against a country where those are usually paid on top.

How much does a foreign exchange manager make in Philippines?

Average salary
870,700 PHP
72,558 PHP per month
Lowest reported
399,900 PHP
33,325 PHP per month
Highest reported
1,380,400 PHP
115,033 PHP per month

A typical foreign exchange manager working in Philippines brings home around 72,558 PHP a month before tax. Entry-level pay starts near 399,900 PHP, and the top of the ladder reaches roughly 1,380,400 PHP for the most experienced and specialised people in the role.

The wide gap between low end and top end reflects how much pay can vary inside the same job title. A junior foreign exchange manager working at a small local employer earns very different money from a senior at a multinational. Skills, employer, city and years in the seat all push the number around.

How foreign exchange manager pay ranges in Philippines

A good way to think about salary in Philippines is to look at the distribution rather than the headline average. Half of all foreign exchange managers in Philippines earn less than 939,600 PHP a year, and the other half earn more. That middle number is the median, and it is usually more useful than the average for answering "is my pay normal here".

Looking at the quartiles fills in the picture. A quarter of earners take home less than 603,400 PHP (the 25th percentile), and a quarter clear 1,259,300 PHP (the 75th percentile). The middle 50% of foreign exchange managers sit somewhere inside that band, which is where the typical reader of this page probably lives.

The very lowest reported salaries sit around 399,900 PHP. The highest stretch to 1,380,400 PHP, though only a small fraction of earners ever reach that level. If you are deciding whether your own offer or current pay is reasonable, work out which of those four bands you would fall into and use that as your reference point.

399,900
Low
939,600
Median
1,380,400
High
603,400
25th
1,259,300
75th
The middle 50% sit between the 25th and 75th percentile Tails are the lowest and highest reported All figures in PHP

Foreign exchange manager pay by experience in Philippines

Years of experience is the single biggest lever on pay for a foreign exchange manager in Philippines, ahead of education and almost any other single factor. The longer you have been in the role, the more your employer can trust you to handle complexity, mentor others and act independently, all of which command higher pay. The chart below shows how the typical foreign exchange manager salary changes as you move through the career ladder.

  • 0-2 Years
    455,400 PHP
  • 2-5 Years
    +33% from previous
    606,400 PHP
  • 5-10 Years
    +48% from previous
    899,100 PHP
  • 10-15 Years
    +22% from previous
    1,094,000 PHP
  • 15-20 Years
    +9% from previous
    1,195,600 PHP
  • 20+ Years
    +8% from previous
    1,296,900 PHP

The single largest jump on the ladder is from 2 - 5 Years to 5 - 10 Years, where pay rises by about 48%. That is the point at which a foreign exchange manager typically goes from "competent in the role" to "the person other people in the team learn from", and the market pays well for that step.

Foreign exchange manager pay by education in Philippines

Education sits alongside experience as one of the biggest factors driving foreign exchange manager pay in Philippines. Higher qualifications consistently pull higher salaries, but the size of the gap tends to be smallest at junior levels and widens as people move up. Two people in the same role with the same years of experience but different degrees can end up earning very different money once they reach mid-career.

Below is the average foreign exchange manager salary in Philippines broken down by the highest level of education a worker has completed.

  • Bachelor's Degree
    528,600 PHP
  • Master's Degree
    +93% from previous
    1,021,800 PHP

Foreign exchange manager gender pay gap in Philippines

The gender pay gap is a stubborn feature of almost every labour market, and Philippines is no exception. Male foreign exchange managers in Philippines earn an average of 931,700 PHP a year, while female foreign exchange managers earn around 810,500 PHP. That works out to a 15% gap in favour of men, even when comparing people doing the same work.

A pay gap of this size has a real long-term cost. Over a typical thirty-year career it can add up to several years of pay, and it compounds through pensions, retirement contributions and bonus-linked stock. Some of the gap is explained by women being more likely to work part-time, take career breaks, or be steered toward lower-paying specialisations. Some of it is straightforward unequal pay for the same job, which is harder to defend.

Foreign Exchange Manager gender pay gap

13%

Men earn this much more than women on average in Philippines.

Men 931,700 PHP
Women 810,500 PHP

Pay raises for a foreign exchange manager in Philippines

Most countries hand out at least some kind of pay raise every year, typically when an employee's contract is reviewed or as a cost-of-living adjustment to keep wages roughly in step with inflation. The rhythm and size of those raises varies hugely between industries.

A typical worker doing this role in Philippines sees a raise of about 12% every 18 months, which works out to roughly 8% on an annual basis. That figure is the typical underlying rate; in years where inflation runs high you can usually expect a bit more, and in flat-economy years a bit less.

Across all jobs in Philippines, the national average raise is around 8% every 18 months.

By industry

Industries with the highest pay raises in Philippines:

  • Banking
  • Energy
  • Information Technology
  • Healthcare
  • Travel
  • Construction
  • Education

By experience level

Experienced workers tend to see larger raises. Retaining a senior is cheaper than replacing them, so employers fight harder for them.

  • Junior Level
    3% - 5%
  • Mid-Career
  • Senior Level
  • Top Management

Foreign exchange manager bonus rates in Philippines

Bonuses are the other half of total compensation, and they vary a lot between jobs and industries. Some roles are paid almost entirely in base salary; others lean heavily on bonus structures tied to revenue, project completion or company performance. Whether a job pays a bonus, how big it is, and how often it lands all factor into whether the headline salary is actually a good offer.

84%

84% of foreign exchange managers in Philippines reported a bonus of some kind in the past twelve months. That makes a foreign exchange manager a high-bonus role overall, which is useful context when you're weighing up a job offer where the base is below market.

Among those who did receive a bonus, the size of the payment varied substantially. Reported bonuses ranged from 5% to 9% of base salary. The remaining 16% of foreign exchange managers reported no bonus at all over the same period.

Which careers pay bonuses in Philippines

Revenue-facing roles tend to pay the biggest bonuses. Operational and support roles tend toward smaller, more predictable ones.

  • Finance
  • Architecture
  • Sales
  • Business Development
  • Marketing / Advertising
  • Information Technology
  • Healthcare
  • Insurance
  • Customer Service
  • Human Resources
  • Construction
  • Transport
  • Hospitality

Foreign exchange manager: public vs private sector pay

Public-sector pay in Philippines is about 12% more than private-sector pay for similar work. The private sector typically offers stronger upside and bigger bonuses; the public sector typically offers better benefits and stability.

Public vs private pay gap

10%

Public-sector workers earn this much more than private-sector workers in Philippines on average.

Public sector 563,300 PHP
Private sector 504,300 PHP

Foreign exchange manager salary by city in Philippines

Foreign exchange manager pay is not even across Philippines. The chart below shows the highest-paying cities in the dataset, followed by the full location table.

  • Quezon City
  • Manila
  • Kalookan
  • Cebu
  • Davao
  • Taguig
  • Cagayan de Oro
  • Antipolo
  • Pasig
  • Valenzuela
LocationTypeAverageMedianRange
Quezon CityCity998,400 PHP998,400 PHP498,000-1,547,500 PHP
ManilaCity996,600 PHP957,800 PHP519,300-1,524,300 PHP
KalookanCity975,700 PHP899,100 PHP525,700-1,476,700 PHP
CebuCity971,200 PHP1,032,400 PHP457,300-1,537,500 PHP
DavaoCity923,000 PHP943,800 PHP453,200-1,440,700 PHP
TaguigCity913,400 PHP988,600 PHP420,100-1,450,700 PHP
Cagayan de OroCity902,100 PHP864,900 PHP467,100-1,380,400 PHP
AntipoloCity874,300 PHP854,300 PHP444,300-1,345,400 PHP
PasigCity868,400 PHP816,000 PHP460,500-1,320,500 PHP
ValenzuelaCity843,600 PHP877,300 PHP406,300-1,320,500 PHP
ParanaqueCity810,200 PHP744,600 PHP436,200-1,224,800 PHP
DasmarinasCity802,400 PHP802,400 PHP401,300-1,249,900 PHP
Las PinasCity790,300 PHP839,500 PHP369,300-1,249,900 PHP
MakatiCity783,800 PHP799,300 PHP384,500-1,224,800 PHP

Foreign Exchange Manager in Philippines: FAQs

  • How much does a foreign exchange manager make per month in Philippines?

    A foreign exchange manager in Philippines earns about 72,558 PHP a month before tax, based on an annual average of 870,700 PHP.

  • What's the salary range for a foreign exchange manager in Philippines?

    Entry-level foreign exchange managers in Philippines start near 399,900 PHP. Top-end pay reaches around 1,380,400 PHP. The middle 50% of earners sit between 603,400 and 1,259,300 PHP.

  • Is the median foreign exchange manager salary in Philippines higher or lower than the average?

    The median is 939,600 PHP, higher than the average of 870,700 PHP. Half of foreign exchange managers in Philippines earn below the median, half earn above it.

  • What's the gender pay gap for foreign exchange managers in Philippines?

    Men working as a foreign exchange manager in Philippines earn around 15% more than women on average (931,700 vs 810,500 PHP a year).

  • Do foreign exchange managers in Philippines get bonuses?

    About 84% of foreign exchange managers in Philippines reported a bonus in the past 12 months. Reported bonuses ranged from 5% to 9% of base salary.

  • Do foreign exchange managers earn more in the public or private sector in Philippines?

    In Philippines, the public sector pays a foreign exchange manager about 12% more on average. Public-sector pay tends to be steadier; private-sector pay tends to offer bigger upside.

  • How often do foreign exchange managers in Philippines get a pay raise?

    A foreign exchange manager in Philippines sees a raise of around 12% every 18 months, equivalent to roughly 8% a year.