Philippine Peso (PHP)
What the Philippine Peso is, who issues it, and where it's used, with a live converter preset to PHP.
Philippine Peso (PHP)
- ISO code
- PHP
- Symbol
- ₱
- Subunit
- 100 centavos (sentimo)
- Issued by
- Bangko Sentral ng Pilipinas
- Exchange rate regime
- Floating
The Philippine peso, also called piso in Filipino, is heavily shaped by remittances: millions of Filipinos work overseas, and the money they send home is a large and steady source of foreign currency for the economy. That makes the USD/PHP rate a household concern, not just a financial-markets number.
Remittance flows typically peak ahead of the Christmas season, which can support the peso toward the end of the year. When sending money to the Philippines, the rate and fees the transfer service applies usually make a bigger difference to the amount received than day-to-day movements in the market rate.
Where it's used
- Philippines
Convert PHP
| PHP | USD |
|---|---|
| 1 PHP | - |
| 5 PHP | - |
| 10 PHP | - |
| 25 PHP | - |
| 50 PHP | - |
| 100 PHP | - |
| 250 PHP | - |
| 500 PHP | - |
| 1,000 PHP | - |
| 5,000 PHP | - |
| 10,000 PHP | - |
| USD | PHP |
|---|---|
| 1 USD | - |
| 5 USD | - |
| 10 USD | - |
| 25 USD | - |
| 50 USD | - |
| 100 USD | - |
| 250 USD | - |
| 500 USD | - |
| 1,000 USD | - |
| 5,000 USD | - |
| 10,000 USD | - |
Calculated from the same live mid-market rate as the converter above. Your bank or card will usually quote a slightly worse rate plus any fees.