PHP – Philippine Peso

Philippine Peso Overview

The PHP – Philippine Peso is the official currency of Philippines.The currency symbol is “₱”. The Philippine piso was defined by its former name peso.

The Spanish introduced the silver coin the ‘teston’ upon their arrival, and the Philippines soon saw a variety of currencies exchanged there, including Mexican pesos and Alfonsino pesos. In 1901, US took management of the Philippines and introduced the ‘gold peso’, that was pegged at specifically 0.5 the worth of the American dollar.

Before 1967, English was used to all notes and coins, so the Philippines had also used term “peso” as the name of the currency. When Filipino was proposed as a written, the term used in notes and coins became “piso”. The first mint was installed in order to standardized coinage in 1861. The Central Bank of Philippines introduced a formal Filipino currency in 1949.currency in 1949.

Role of Currency:

Currency Code: PHP
Currency Symbol: ₱
Authority: Bangko Sentral ng Pilipinas
Currency Issued Date: 1967
Using currency all Bank Notes: ₱20, ₱50, ₱100, ₱200, ₱500, ₱1000

 

 

Bank Notes Denominations Range: From 20 to 1000
Using currency all Bank Coins: ₱1, ₱5, ₱10, Rarely used 1¢, 5¢, 10¢, 25¢
Bank Coins Denominations Range: From 1 to 25

 

 

Currency Facts

PHP Stats

Name: Philippine Peso

Symbol:

Minor Unit:
1/100 = Sentimo

Top PHP Conversion:
PHP/USD

Top PHP Chart:
PHP/USD Chart

PHP Profile

Inflation: 1.70%

Coins:
Freq Used: ₱1, ₱5, ₱10, 25
Rarely Used: 1, 2, 5, 10

Banknotes:
Freq Used: ₱20, ₱50, ₱100, ₱200, ₱500, ₱1000
Rarely Used: ₱5, ₱10

Central Bank:
Central Bank of the Philippines
Website: http://www.bsp.gov.ph/

Users: Philippines

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