Currencies

Countries that use the Philippine Peso

The Philippine Peso is an official national currency and used only in the Philippines. 1 Peso is devided into 100 Centavos.

ISO 4127:
PHP
Numeric:
608
1.00 Philippine Peso = 0.019 US Dollar
(date: 06/24/2018)



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Exchange rate history 1000 PHP in USD



Philippine Peso as currency

CountryRegion
PhilippinesSoutheast Asia




Currency reserves for the Philippine Peso

According to the International Monetary Fund, the total broad money (M3) amounted to PHP 12,487.75 trillion at the end of 2017. For currency hedging, reserves were held in a total amount of 4,269.04 billion Pesos. This corresponds to a ratio of 1:2.9. Or in other words: 1 of 3 Pesos is deposited with a countervalue, which is internationally already above average.

Approximately 382.8 billion Pesos (9.0%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

Worldwide currency and gold reserves

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Micronesia, Federated States ofMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean