Philippine Peso
PHPOfficial Currency of Philippines
Economic Profile & Role of Philippine Peso
The Philippine Peso is substantially bolstered by billions of dollars in annual personal remittances sent home by overseas Filipino workers (OFWs) and the business process outsourcing (BPO) industry.
Exchange rates for the Philippine Peso are influenced by key macroeconomic factors including central bank interest rate policy, national gross domestic product (GDP) performance, balance of trade, sovereign debt levels, and foreign direct investment (FDI). When transferring or exchanging PHP, understanding these underlying fundamentals allows consumers and businesses to anticipate volatility and secure favorable timing.
Quick PHP Conversion Benchmark Units
Common transaction multiples for Philippine Peso (PHP) used for budgeting, international remittances, and travel expenses.
Popular PHP Currency Exchange Pairs
Click any pair below to inspect real-time mid-market rates, historical trend charts, and transfer fee breakdowns.
Frequently Asked Questions about Philippine Peso
What is the official currency code and symbol for Philippine Peso?
The official ISO 4217 currency code for the Philippine Peso is PHP, and its conventional currency symbol is ₱.
Which authority or central bank issues the PHP?
The Philippine Peso is regulated and issued by Bangko Sentral ng Pilipinas (BSP).
What is the subunit of Philippine Peso?
The standard fractional denomination or subunit of the Philippine Peso is Sentimo (1/100).
How do I convert PHP to other global currencies without hidden fees?
To get the true value of your PHP, always benchmark transactions against the mid-market rate. You can use our live currency converter tools to check real-time exchange rates before initiating a bank transfer.