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Philippine Pesos (PHP)

The PHP is the official currency of Philippines, with the symbol ₱.

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Philippine Pesos to US Dollars: Exchange rates today

PHP	USD
1 PHP	0.01 USD
10 PHP	0.16 USD
20 PHP	0.33 USD
50 PHP	0.83 USD
100 PHP	1.66 USD
250 PHP	4.17 USD
300 PHP	5.00 USD
500 PHP	8.34 USD
1,000 PHP	16.69 USD
2,000 PHP	33.39 USD
5,000 PHP	83.49 USD
10,000 PHP	166.99 USD

USD	PHP
1 USD	59.22 PHP
10 USD	592.21 PHP
20 USD	1,184.43 PHP
50 USD	2,961.08 PHP
100 USD	5,922.17 PHP
250 USD	14,805.44 PHP
300 USD	17,766.53 PHP
500 USD	29,610.89 PHP
1,000 USD	59,303.37 PHP
2,000 USD	118,606.75 PHP
5,000 USD	296,516.88 PHP
10,000 USD	593,152.86 PHP

Exchange rates are dynamic. Always remember to check the applicable rate in-app before carrying out your exchange.

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Learn more about the Philippine Pesos

History
The Philippine Pesos was established as the official currency of Philippines in 1949. Its introduction was a key development for the nation, and it continues to be a central part of the economic landscape of both Philippines and Asia. Check our guide about the evolution of PHP to USD to learn more about their exchange rate history.
Characteristics
The Philippine Pesos is divided into Sentimo. You'll find Philippine Pesos banknotes in 20, 50, 100, 200, 500, 1000 pesos and coins in 1, 5, 10, 20 pesos; 1, 5, 10, 25 sentimo.
Monetary policy
The Philippine Pesos is managed by the Bangko Sentral ng Pilipinas, which is responsible for the currency's monetary policy and currency's value. This approach allows the currency to fluctuate based on market conditions, while the central bank retains the ability to intervene to maintain stability and control inflation. This strategic management is crucial for supporting the economic growth and stability of Philippines.
Currency exchange
The value of the Philippine Pesos is determined by a floating exchange rate. This means its value can fluctuate based on global supply and demand, reflecting the country's economic strength and market conditions.

Facts table for the Philippine Pesos (PHP)

	Currency name	Philippine Pesos
	Currency code	PHP
	Currency symbol	₱
	Minor unit	Sentimo
	Minor unit symbol	¢
	Notes frequently used	20, 50, 100, 200, 500, 1000 pesos
	Coins frequently used	1, 5, 10, 20 pesos; 1, 5, 10, 25 sentimo
	Central bank	Bangko Sentral ng Pilipinas
	Users	Philippines

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