Philippine Peso - PHP
Live exchange rates

About PHP

The Philippine peso is the official currency of the Philippines.

Its currency code is PHP and the symbol is ₱.

The most popular exchange pairs for the Philippine Peso (PHP) are with USD, CAD, and EUR.

The Philippine Peso (PHP) is being used in Philippines.

PHP profile

  • Currency name: Philippine Peso
  • ISO code: PHP
  • Symbol: ₱
  • Subunit: Sentimo
  • Minor unit: 1/100 = Sentimo
  • Rank by most traded currencies: 31
  • Daily global trade share: 0.10%
  • Central Bank: Central Bank of Philippine
  • Number of using countries: 1

Looking for the best Philippine Peso (PHP) exchange rates?

Send money using Wise's secure platform, ensuring a fair and transparent rates which can be cheaper and faster than banks.

Open Philippine Peso account Send money with Wise

Philippine Peso (PHP) live exchange rates table

Popular Philippine Peso exchange rates

  Currency 1 PHP equals Conversion % Change (24 hours) In PHP Reverse conversion
US Dollar 0.02 PHP USD 0.00 58.58 USD PHP
Euro 0.02 PHP EUR -0.06 60.35 EUR PHP
Pound Sterling 0.01 PHP GBP 0.00 71.68 GBP PHP
Australian Dollar 0.03 PHP AUD +0.29 36.42 AUD PHP
Brazilian Real 0.1 PHP BRL +0.67 9.68 BRL PHP
Canadian Dollar 0.02 PHP CAD +0.41 40.72 CAD PHP
Chinese Yuan Renminbi (RMB) 0.13 PHP CNY -0.02 7.99 CNY PHP
Swiss Franc 0.02 PHP CHF -0.19 64.35 CHF PHP
Indian Rupee 1.48 PHP INR +0.20 0.68 INR PHP
Japanese Yen 2.65 PHP JPY -0.65 0.38 JPY PHP
Hong Kong Dollar 0.13 PHP HKD +0.01 7.52 HKD PHP
South African Rand 0.32 PHP ZAR +0.12 3.12 ZAR PHP
Malaysian Ringgit 0.08 PHP MYR +0.01 13.01 MYR PHP
Singapore Dollar 0.02 PHP SGD -0.04 42.88 SGD PHP
Turkish Lira 0.6 PHP TRY -0.17 1.65 TRY PHP
New Zealand Dollar 0.03 PHP NZD +0.23 32.89 NZD PHP

More PHP exchange rates

  Currency 1 PHP equals Conversion % Change (24 hours) In PHP Reverse conversion
Euro 0.02 PHP EUR -0.06 60.35 EUR PHP
Australian Dollar 0.03 PHP AUD +0.29 36.42 AUD PHP
Bangladeshi Taka 2.07 PHP BDT +0.02 0.48 BDT PHP
Brazilian Real 0.1 PHP BRL +0.67 9.68 BRL PHP
Bulgarian Lev 0.03 PHP BGN -0.03 30.85 BGN PHP
Canadian Dollar 0.02 PHP CAD +0.41 40.72 CAD PHP
Chilean Peso 17.3 PHP CLP +0.72 0.06 CLP PHP
Chinese Yuan Renminbi (RMB) 0.13 PHP CNY -0.02 7.99 CNY PHP
Colombian Peso 74.14 PHP COP +0.91 0.01 COP PHP
Costa Rican Colon 8.56 PHP CRC -0.02 0.12 CRC PHP
Czech Koruna 0.42 PHP CZK +0.18 2.39 CZK PHP
Danish Krone 0.12 PHP DKK -0.06 8.09 DKK PHP
Egyptian Pound 0.86 PHP EGP -0.08 1.16 EGP PHP
Fiji Dollar 0.04 PHP FJD -0.52 25.11 FJD PHP
Georgian Lari 0.05 PHP GEL +0.02 20.66 GEL PHP
Ghanaian Cedi 0.25 PHP GHS -0.02 3.97 GHS PHP
Guatemalan Quetzal 0.13 PHP GTQ -0.05 7.59 GTQ PHP
Hong Kong Dollar 0.13 PHP HKD +0.01 7.52 HKD PHP
Hungarian Forint 6.84 PHP HUF +0.34 0.15 HUF PHP
Indian Rupee 1.48 PHP INR +0.20 0.68 INR PHP
Indonesian Rupiah 279.226 PHP IDR +0.22 0.004 IDR PHP
Israeli New Shekel 0.06 PHP ILS -0.05 16.22 ILS PHP
Japanese Yen 2.65 PHP JPY -0.65 0.38 JPY PHP
Kenyan Shilling 2.21 PHP KES +0.02 0.45 KES PHP
Swiss Franc 0.02 PHP CHF -0.19 64.35 CHF PHP
Malaysian Ringgit 0.08 PHP MYR +0.01 13.01 MYR PHP
Mexican Peso 0.36 PHP MXN +1.70 2.81 MXN PHP
Moroccan Dirham 0.17 PHP MAD -0.27 5.83 MAD PHP
Nepalese Rupee 2.36 PHP NPR +0.19 0.42 NPR PHP
New Zealand Dollar 0.03 PHP NZD +0.23 32.89 NZD PHP
Norwegian Krone 0.19 PHP NOK +0.34 5.16 NOK PHP
Pakistani Rupee 4.76 PHP PKR -0.03 0.21 PKR PHP
Polish Zloty 0.07 PHP PLN +0.06 14.15 PLN PHP
Romanian New Leu 0.08 PHP RON -0.02 12.12 RON PHP
Singapore Dollar 0.02 PHP SGD -0.04 42.88 SGD PHP
South African Rand 0.32 PHP ZAR +0.12 3.12 ZAR PHP
South Korean Won 24.87 PHP KRW +0.09 0.04 KRW PHP
Sri Lankan Rupee 5.05 PHP LKR +0.21 0.2 LKR PHP
Swedish Krona 0.19 PHP SEK +0.01 5.25 SEK PHP
Tanzanian Shilling 42.83 PHP TZS +0.43 0.02 TZS PHP
Thai Baht 0.59 PHP THB -0.30 1.7 THB PHP
Turkish Lira 0.6 PHP TRY -0.17 1.65 TRY PHP
Ugandan Shilling 62.93 PHP UGX -0.20 0.02 UGX PHP
Ukrainian Hryvnia 0.72 PHP UAH -0.26 1.4 UAH PHP
UAE Dirham 0.06 PHP AED -0.03 15.95 AED PHP
Pound Sterling 0.01 PHP GBP 0.00 71.68 GBP PHP
US Dollar 0.02 PHP USD 0.00 58.58 USD PHP
Uruguayan peso 0.75 PHP UYU -0.07 1.33 UYU PHP
Vietnamese Dong 433.185 PHP VND -0.05 0.002 VND PHP

Mid-market rates, correct as of 16th January 2025, 18:00 GMT.

PHP - Latest news & analysis

SGD, THB at Risk as Treasury Yields Rise. USD/PHP Looks to BSP

SGD, THB at Risk as Treasury Yields Rise. USD/PHP Looks to BSP

What is the Philippine Peso (PHP)?

The Philippine peso is the official currency of the Philippines. You may also see peso written as piso - its Filipino name.

When was the PHP currency introduced?

Although currency of varying types has been used in the Philippines for a long time, the Philippine peso dates back to 1898. It was introduced by the revolutionary government after independence was declared. This form of the peso stopped being produced after the Philippines became an American colony, but the name peso lived on.

What is the currency symbol for the Philippine Peso?

The symbol for PHP is ₱, although you may also see variants on this symbol, such as P$ in use.

Is the Philippine peso pegged to USD?

The Philippine peso is not pegged to USD.

However, pesos were pegged to the US dollar during the period that the US was in control of the Philippines. When the Philippines became independent in 1946 the central bank tried to keep the currency pegged to the dollar, but a black market trading in dollars grew up. This led to devaluation of the peso over time.

The decision to officially stop pegging the peso to USD was taken in 1993, and the currency has been free floating since 2003.

Philippine peso price history

When the Philippine peso was initially pegged to USD, the peg was set at PHP2/USD. However, this proved hard to maintain after the Philippines achieved independence, and the exchange rate on currency black markets was already PHP3/USD by the 1950s.

The currency was devalued several times over the following decades, reaching PHP6.43/USD in 1970, PHP11/USD by 1983, and PHP20/USD in 1986.

In 1993, the Central Bank of the Philippines decided to move toward a free floating currency, removing the peg to dollars. This was achieved in 2003, and has meant an end to the black market in currency sales.

Where can you exchange Philippine peso?

You’ll be able to change your money to Philippine pesos at your bank, at a branch of a currency exchange service, online or even in a hotel or airport. However, it’s good to know that the exchange rates and fees on offer may vary wildly. Typically the exchange rates used in airport and hotel exchange desks do not offer great value, for example.

Before you decide which provider to use to change your currency, make sure you compare the exchange rates used, as well as the fees. You can get the current mid-market PHP exchange rate by using a currency converter or Google search - look for a provider offering this rate, or as close to it as possible, for the best available deal. Some online providers such as Wise use the mid-market exchange rate and charge a low, transparent fee for currency services.

Best PHP exchange rate?

The best exchange rate available at any given time is the mid-market exchange rate. This is the one used on global money markets when banks and other large currency services buy and sell money.

Exchange rates change all the time according to market forces, though, so it can be tricky to keep up. Find the current mid-market exchange rate online, using a simple Google search.

It’s worth knowing that the mid-market rate isn’t always offered to retail customers exchanging money. Providers often add a markup to the exchange rate used - effectively an extra fee. Make sure you compare a few services to find the best deal available for your currency conversion.

© 2017 - 2025 Currency Live by Wise

Currencylive.com is a news site only and not a currency trading platform. Currencylive.com is a site operated by Wise Inc. ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.