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.
1.00 Philippine Peso = 0.019 US Dollar
Exchange rate history 1000 PHP in USD
Philippine Peso as currency
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
All information without guarantee.