Today's USD-PHP commentary

Today's USD-PHP exchange rate (currently at 49.768) is quite close to its average value in the past 14 days at the moment. The difference between the lowest and highest value of the USD-PHP mid-market rate in the past two weeks is relatively small, a sign of low volatility.


USD Profile

Name: US Dollar

Symbol: $

Minor Unit: 1/100 Cent

Central Bank: Federal Reserve Bank

Country(ies): United States, American Samoa

Rank in the most traded currencies: #1

PHP Profile

Name: Philippine Peso

Symbol:

Minor Unit: 1/100 Sentimo

Central Bank: Central Bank of the Philippines

Country(ies): Philippines



The US Dollar ($) and the Philippine Peso (₱) are both important currencies. While the US Dollar is the most traded currency in the world, the Philippine Peso isn't in the top 20, but is nonetheless one of the important (and most stable) currencies in Asia.

The United States is obviously the home of the US Dollars, where they are issued by the Federal Bank of the United States, but USD are also used as official currency in 23 other countries. On the other hand, you will find Philippine pesos only in the Philippines, under the control of the Central Bank of the Philippines.

There are a lot of reasons to exchange USD for PHP. More than 3 million Filipinos living in the United States and a lot of them regularly send money back to the Philippines, and a lot of US citizens have ties with the Philippines or go on holidays there.

The Philippine Peso is divided in sentimos (100 sentimo = 1 peso), and it's main denominations are ₱20, ₱50, ₱100, ₱200, ₱500, ₱1000, while the US Dollars minor unit are cents, with the banknotes of following values : $1, $5, $10, $20, $50, $100.