Philippine Peso (PHP)
The Philippine peso is the currency of the Philippines. Bangko Sentral ng Pilipinas sets policy and lets the peso float, with intervention during disorderly moves.
The latest available mid-market reference is 1 PHP = 0.015796 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the Philippine Peso
The Philippines receives large remittances and earns foreign exchange from business process outsourcing. The peso is used in a small share of regional trade and is sensitive to US demand.
A short history
The peso was introduced in 1852 and has been the country's currency since independence. The Philippines moved to a floating rate in the 1990s.
What moves the Philippine Peso
Remittances from overseas Filipino workers, business process outsourcing revenue, imports and the policy rate.
Live PHP exchange rate
| Currency | 1 PHP equals |
|---|---|
| US Dollar (USD) | 0.015796 |
| Euro (EUR) | 0.014215 |
| British Pound (GBP) | 0.011886 |
| Japanese Yen (JPY) | 2.5198 |
| Chinese Yuan (CNY) | 0.1056 |
| Indian Rupee (INR) | 1.4825 |
| Canadian Dollar (CAD) | 0.022494 |
| Australian Dollar (AUD) | 0.023053 |
| Swiss Franc (CHF) | 0.01314 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
PHP conversion pages
Guides for Philippine Peso
Other currency profiles
Philippine Peso questions
What is the Philippine Peso?
Philippine Peso (PHP) is used in the following countries and territories: Philippines. Central bank: Bangko Sentral ng Pilipinas. Exchange rate regime: free float.
Which countries use the Philippine Peso?
The Philippine Peso is used in the following countries and territories: Philippines.
What affects the Philippine Peso exchange rate?
Remittances from overseas Filipino workers, business process outsourcing revenue, imports and the policy rate.