How to send money to Sri Lanka from Philippines with the best PHP-LKR rate

Comparing money transfer companies with services between the Philippines and Sri Lanka, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.

Here are your best options for sending money from the Philippines to Sri Lanka

• Wise is the best way to transfer Philippine Peso into Sri Lank Rupee. Sending 114,000 PHP to LKR will cost you ₱614.27 in fees, and your recipient will receive 618,487.41 LKR. The delivery time usually is within 3 hours, but it depends on the day you make the transfer.

• Cheapest way to transfer money to Sri Lanka from the Philippines is via Wise.

• Fastest company to send money to Sri Lanka from the Philippines is with Wise. Right now, if you are sending ₱114,000 with Wise to Sri Lanka, the transfer time is within 3 hours. This can vary depending on your needs, but it's the fastest option.

For this route, we’ve compared 1 providers providing services between Philippines and Sri Lanka. This ensures you will get the best options when sending Sri Lank Rupee to Sri Lanka.

Over the last 7 days, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to Sri Lanka will provide a specific provider that’s best for transferring money from the Philippines.

The exchange rate is the price you will pay when buying Sri Lank Rupee in the Philippines. A better exchange rate means you send more Sri Lank Rupees to Sri Lanka.

Currently, the mid-market rate between the Philippine Peso and Sri Lank Rupee is 5.4542.

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from the Philippines to Sri Lanka.

• The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Sri Lank Rupee for your Philippine Peso. The current PHP-LKR mid-market rate is 5.4542 LKR per Philippine Peso.

• Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Philippine Peso you’re sending to Sri Lanka. Wise currently has the lowest fees for transfers into LKR of just 614.27 PHP. We always recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Sri Lank Rupee is the biggest indicator of the total cost of sending money to Sri Lanka from the Philippines. The bigger the amount received in Sri Lanka, the lower the overall cost of sending from the Philippines.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between the Philippines and Sri Lanka for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a bank transfer will most often be the way to get the best price when sending money from the Philippines to Sri Lanka.

Here are all the ways to send money from Philippines to Sri Lanka:

Bank transfers

Bank transfers are often the better option for money transfers from the Philippines to Sri Lanka.

Sending money via a bank transfer with a company such as Wise for transfers from the Philippines to Sri Lanka allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from the Philippines to Sri Lanka with a prepaid or a debit card is very simple with .


is a leader in card payments for transfers from the Philippines to Sri Lanka, competing among a total of 1 active money transfer companies on this route.

Credit cards

We recommend avoiding credit card deposits as it usually means taking a cash advance and using it for the deposit. Instead, use a bank transfer or a debit card deposit to save on fees.

If you have to, we recommend running a comparison to find the best deal for your transfer.

Money transfer companies offering services between the Philippines and Sri Lanka have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of Philippine Peso could change. We always recommend comparing PHP-LKR rates for your specific transfer amount. Then, with transfers to Sri Lanka, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of PHP to Sri Lanka, we’d recommend Wise.

There are different options for receiving Sri Lank Rupee in Sri Lanka. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from the Philippines to Sri Lanka will offer every method for incoming Sri Lank Rupee, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from the Philippines into Sri Lanka. For most part, this is because it means the recipient has to do very little. Wise is the best company for bank transfers between Philippines and Sri Lanka.

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

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.

You will need to verify your ID at the sign up stage when sending from the Philippines to Sri Lanka through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in the Philippines through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in Sri Lanka, both of these will also likely be accepted. Depending on the company you are using and where the money is going in Sri Lanka, it’s always best to check ahead just in case.

Larger transactions between the Philippines and Sri Lanka are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Wise scored so highly for large and regular transfers to Sri Lanka, was their easy sign up process in the Philippines.

When sending money between the Philippines and Sri Lanka there will be tax declarations to consider.

Some transfers into Sri Lank Rupee may need to be reported to tax authorities in Sri Lanka. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in Sri Lanka based on age, income and personal circumstance. When in doubt, please contact a tax professional in the Philippines or Sri Lanka to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.