PHP · PHP
Philippine Peso (PHP)
The Philippine Peso (PHP) is the official currency of the Philippines, issued by the Bangko Sentral ng Pilipinas. It is subdivided into 100 sentimos.
Convert this currency
Converted amount
0.0164 USD
Exchange rate
1 PHP = 0.016441 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
PHP · Philippine Peso
Philippine Peso (PHP): Overview and History
The Philippine Peso (PHP) is the official currency of the Republic of the Philippines. It is issued and managed by the Bangko Sentral ng Pilipinas (BSP), the country's central bank. The peso is subdivided into 100 smaller units called sentimos (or centavos in English). The currency symbol is ₱, and its ISO code is PHP.
The history of the Philippine peso dates back to the Spanish colonial period when the Spanish dollar or peso was introduced. Over the centuries, the currency has undergone various changes, including the issuance of different coins and banknotes. The modern peso was established in 1993 with the New Central Bank Act, which gave the BSP sole authority over currency issuance. The current series of banknotes features prominent Filipino heroes and significant cultural landmarks.
The Philippine peso is used in all economic transactions within the country, and its exchange rate is determined by market forces. The BSP implements monetary policies to maintain price stability and support sustainable economic growth. As with any currency, the value of the peso can fluctuate against other currencies due to factors such as inflation, interest rates, and global economic conditions. It is important for individuals and businesses to stay informed about these factors when engaging in foreign exchange transactions.
- Code
- PHP
- Symbol
- PHP
- Current rate
- USD / PHP
Currency information
Last updated · 8/7/2026
Introduced in 1852
- Official name
- Philippine Peso
- Legal tender status
- Legal tender in the Philippines
- Decimal places
- 2
- Minor unit
- centavo · 1 PHP = 100 centavo
- Countries
- Philippines
- Issuing authority
- Bangko Sentral ng Pilipinas
- Central bank
- Bangko Sentral ng Pilipinas · Official website
- Exchange-rate regime
- Free-floating
Common banknotes
₱20 · ₱50 · ₱100 · ₱200 · ₱500 · ₱1000
Common coins
1¢ · 5¢ · 25¢ · ₱1 · ₱5 · ₱10 · ₱20
Also known as
Piso · Philippine Peso · PHP · ₱
Practical notes
- The Philippine peso is subdivided into 100 centavos.
- The symbol ₱ is used locally.
Priority currency pairs
The most useful conversions for this currency.
Philippine Peso questions
What is the PHP exchange rate?
The displayed rate is the latest available reference rate for USD/PHP. It can change throughout the day.
How can I convert PHP online?
Use the converter above to calculate indicative amounts between PHP and the other supported currencies.