Philippine Peso (PHP) - Profile, History, and Exchange Information

Philippine Peso

The Philippine Peso plays a vital role in the nation’s economy, supporting trade, tourism, and foreign investments. The Philippines is known for its business process outsourcing (BPO) industry, agriculture, and manufacturing, all of which rely on a stable currency.

Additionally, the Peso is heavily influenced by remittances from overseas Filipino workers (OFWs), contributing a significant percentage to the GDP. The Bangko Sentral ng Pilipinas (BSP) actively manages the currency to maintain economic stability.

Select a currency

Importance of the Philippine Peso

About Philippine Peso

The Peso has a long history dating back to Spanish colonial rule in the 16th century when it was originally based on the Mexican peso. Over time, it evolved into the modern PHP, which is now a free-floating currency.

The BSP oversees the production of banknotes and coins, ensuring their security and durability. The Philippine Peso is widely used in everyday transactions and is an essential part of the country’s digital payment systems.

Philippine Peso Stats
Name	Philippine Peso
Symbol	₱
Code	PHP
Minor Unit	1/100 = Sentimo
Top PHP Conversion	Top PHP Conversion

Philippine Peso Profile

Nicknames

Peso, PHP, Piso"

Coins

Freq used: Sentimo25, ₱1, ₱5, ₱10

Rarely used: Sentimo1, Sentimo2, Sentimo5, Sentimo10

Bank notes

Freq used: Freq used: ₱20, ₱50, ₱100, ₱200, ₱500, ₱1000

Rarely used: Rarely used: ₱5, ₱10

Central bank

Central Bank of the Philippines Users