Philippine Peso (PHP)

About About the Philippine Peso

The Philippine “peso” (plural: pesos) is the official currency used in the country of the Philippines. Its official currency code is “PHP” and it is symbolized by a “P”. The primary denominations include 1, 2, 5, 10 peso coins (1 peso = 100 sentimo; however sentimo are rarely used); and 20, 50, 100, 200, 500, and 1000 peso paper bank notes. In the Philippines, decimal numbers are denoted using a point (e.g. 1.50). The peso has a floating exchange rate and its value is often seen as being dependent on commodity prices (The Philippines’s largest export).

Central Bank: Philippine Central Bank

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