Philippine Currency!

Let’s Talk About the Philippine Piso (Peso):

One of the first things you need to do when you are planning to travel to another country is to learn the value of their currency and coin. As I am an American, I will give their value versus U.S. currency.

The currency used in the Philippines is the Philippine Peso, denoted by the symbol ₱ and the code PHP. The central bank of the country, Bangko Sentral ng Pilipinas, issues and regulates the circulation of the currency. The Philippine Peso is further subdivided into 100 centavos.

Banknotes in circulation come in denominations of 20, 50, 100, 200, 500, and 1000 pesos, each featuring prominent figures and symbols significant to Philippine culture and history. The coins, on the other hand, are available in 1, 5, 10, and 25 peso denominations.

Over the years, the design and security features of Philippine currency have undergone several updates to combat counterfeiting and reflect the country’s rich heritage and national heroes.

The exchange rate of the Philippine Peso fluctuates against other major currencies and is an essential component of the country’s economic landscape.

As of 10/09/2023: The exchange rate > 1 USD = 56.6896 PHP

Updated: As of 01/10/2024: The exchange rate > 1 USD = 56.26 PHP

Currency:

  • 1000 PHP = $17.596 USD
  • 500 PHP = $8.798 USD
  • 200 PHP = $3.519 USD
  • 100 PHP = $1.760 USD
  • 50 PHP = $0.880 USD
  • 20 PHP = $0.352 USD

Coins:

  • 20 PHP = $0.352 USD
  • 10 PHP = $0.17.62 USD
  • 5 PHP = $0.088 USD
  • 1 PHP = $0.018 USD

The exchange rate of the Piso has stayed pretty steady at around 50 PHP to 1 USD for a few years. When my family and I were there this summer it was at about 55 PHP to 1 USD.

Here is a video by “Half-Asleep Chris” about the “Secrets of the Philippine Peso”

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