Latest exchange rate: 1 Philippine Peso = 0.0169403479 US Dollar
Start Converting1 PHP (Philippine Peso) = 0.0169403479 USD (US Dollar)
Currently using latest rate: 1 PHP = 0.0169403479 USD. Click refresh to reset.
| Currency Pair | 1 PHP = |
|---|---|
| PHP to USD | 0.0169403479 USD |
| PHP to EUR | 0.01562 EUR |
| PHP to GBP | 0.01339 GBP |
| PHP to JPY | 2.41 JPY |
| PHP to AUD | 0.02598 AUD |
| PHP to SGD | 0.02283 SGD |
To calculate US Dollars from Philippine Pesos:
Example (10,000 PHP with latest rate 0.0169403479):
The Philippine Peso uses the symbol "₱" (Unicode: U+20B1), officially adopted in 1997. Its international currency code is "PHP". In the Philippines, prices are typically written with the symbol before the amount (e.g., ₱1,000).
The PHP to USD rate is heavily influenced by overseas Filipino worker (OFW) remittances, which are a major source of foreign currency. Other factors include export earnings (particularly from electronics and agriculture), import costs (especially oil), inflation rates, interest rate differentials with the US, and global risk sentiment.
Major banks (BDO, BPI, Metrobank), authorized foreign exchange outlets ("money changers"), and international airport counters (Ninoy Aquino International Airport, Mactan-Cebu International Airport) offer PHP to USD exchange. Tourist areas in Manila, Cebu, and Boracay have numerous exchange points with competitive rates.
US Dollars are widely accepted in tourist areas, luxury hotels, resorts, and international businesses throughout the Philippines. However, most local establishments, markets, and smaller businesses only accept Philippine Pesos. It's advisable to carry PHP for daily transactions, as using USD may result in less favorable exchange rates.
Philippine Peso banknotes come in denominations of 20, 50, 100, 200, 500, and 1000 PHP. Coins are available in 1, 5, 10, and 25 centavos (1 peso = 100 centavos) and 1, 5, and 10 pesos. Centavo coins are rarely used in practice for larger transactions, with 1 peso being the most common coin in daily use.
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Convert Philippine Peso (PHP) to US Dollar (USD) with the latest exchange rate: 1 PHP = 0.0169403479 USD.
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