What type of currency unit is php

Which country’s money is php?

Philippine Peso

Full name in Chinese:Philippine Peso.

Currency code:PHP.

Currency conversion:

1 peso = 100 cents

Currency values:1, 2, 5, 10, 25, 50 cents and 1, 2, 5, 10, 20, 50, 100, 200, 500 and 1000 pesos.

The Philippine pesos currently in circulation were all issued in the 1980s, the 2, 5, 10, 20, 50 and 100 pesos issued in the 1970s were withdrawn from circulation with a collection deadline of February 2, 1996, and the Philippines began issuing the sixth set of Philippine pesos on December 16, 2010, and in 2012 reprinted the series of 50 peso banknotes.

Philippine Peso vs. Peso

1. Introduction

The Philippine Peso (PhilippinePeso) is the monetary unit of the Philippines, abbreviated as PHP or P. Its code is PHP and its currency symbol is “?” . The Philippine Peso is an important part of the Philippine economy and one of the major currencies in the global foreign exchange market.

2. Historical Background

The history of the Philippine peso can be traced back to the Spanish colonial period, when the currency in circulation was the Spanish peso.In 1898, after the Philippines declared its independence, the Philippine peso began to circulate. At the beginning of the 20th century, the Philippine peso’s value was comparable to that of the US dollar, but due to economic ups and downs and political instability, the Philippine peso’s value gradually declined.

3. Current Situation

The value of the Philippine peso, like other currencies, is affected by a variety of factors, including political stability, economic growth, and international trade. Currently, the Philippine peso’s exchange rate is relatively stable but still faces risks such as inflation and financial market volatility.

4. Currency Issuing Authority

The currency issuing authority for the Philippine peso is the Bangko Sentral ng Pilipinas (BSP), which is responsible for the management of the Philippine money supply and interest rate policy, among others. The BOP is also the main institution that maintains the value of the Philippine peso and maintains the stability of the exchange rate through monetary policy interventions.

5. Currency Practices

The Philippine peso is the legal tender of the Philippines, and its use within the country is wide-ranging, including the purchase of goods, payment of taxes and salaries, etc. The Philippine peso is also used in international trade. The Philippine peso is also widely used in international trade, especially in Philippine export operations.

6. Analysis of Exchange Rate Trends

In recent years, the exchange rate of the Philippine peso has been relatively stable, but it is still affected by a number of factors. Due to the high dependence of the Philippine economy, global economic and trade instability may have an impact on the Philippine peso. In addition, political stability and natural disasters may also cause volatility to the Philippine peso.

7. Use of the Philippine Peso

The Philippine Peso is one of the major currencies of the Philippines and is widely used within the country. The Philippine peso is also an essential currency in the Philippine tourism industry. In addition, the Philippine peso is also used for transactions in the financial and stock markets of the Philippines.

8. Conclusion

As the monetary unit of the Philippines, the Philippine peso plays an important role in the Philippine economy and global trade. Although the exchange rate of the Philippine peso is affected by a number of factors, the Philippine central bank has ensured the relative stability of the value of the Philippine peso through monetary policy intervention and regulation.

Conversion of Philippine Money to Chinese Yuan

Conversion of Philippine Money to Chinese Yuan

1. Types of Philippine Money

The current currency of the Philippines is the Philippine Peso, or PHP for short.The Philippine Peso is the legal tender of the Bangko Sentral ng Pilipinas (Bangko Sentral ng Pilipinas), and is made up of 100 molecules. The common currency symbols for the Chinese Yuan and Philippine Peso are “¥” and “?” .

2. Philippine Peso to Chinese Yuan Exchange Rate

As of August 2021, 1 CNY is approximately equal to 2.1835 Philippine Pesos. In other words, 100 RMB is equivalent to about 218.35 Philippine pesos. Of course, real-time exchange rates are subject to change due to market fluctuations, so it is recommended to check the latest exchange rate before trading.

3. Currency Exchange Methods

There are three common currency exchange methods:

Exchange at local banks in the Philippines. There are a large number of banks in the Philippines, so you can visit your local bank to exchange. However, it should be noted that some banks will charge a higher exchange fee.

Exchange at Philippine money changers. Merchants are located in airports, tourist areas, and other places. However, it is important to note whether the merchant is legitimate and whether the exchange rate is fair.

Exchange through online money transfer platforms. It is easy and convenient to exchange money through the platform, and you can do it anytime and anywhere. However, you need to pay attention to choosing formal channels when selecting platforms to avoid transaction risks.

4. Payment Methods While Traveling

The Philippines is a cash-based country, but some areas have begun to popularize electronic payment methods. When traveling in the Philippines, it is advisable to carry enough cash and credit cards to make payments when needed. Nonetheless, security should always be observed to guard against theft.

5. Issues to be aware of

When exchanging currencies in the Philippines, the following should be noted:

Some merchants may charge additional handling fees.

Valid identification is required when exchanging currency at banks.

When choosing an exchange merchant, you should select a legitimate merchant and double-check the exchange rate during the transaction.

Avoid carrying large amounts of cash, and plan ahead for the amount of cash you will need based on demand before traveling.

Finally, we remind you that when paying by credit card, you should pay attention to avoiding malicious card cloning, and it is recommended that you consult merchants about using valid payment terminals when making payments.


The exchange rate of the Philippine peso to the Chinese yuan is relatively stable, and when exchanging currencies you should choose regular exchange channels to avoid losses as much as possible. When traveling, you need to pay attention to payment security and property security to avoid unnecessary losses.

What are the abbreviations for the names of the currencies of the countries

Currency Name Currency Symbol RMB USD USD JPY EUR EUR GBP GBP Deutsche Mark DEM Swiss Franc CHF French Franc FRF Canadian Dollar CAD Australian Dollar AUD Hong Kong Dollar HKD Austrian Shilling ATS Finnish Mark FIM Belgian Franc BEF Irish Pound IEP Italian lira ITL Luxembourg franc LUF Dutch guilder NLG Portuguese escudo PTE Spanish peseta ESP Indonesian rupiah IDR Malaysian ringgit MYR New Zealand dollar NZD Philippine peso PHP Russian ruble SUR Singapore dollar SGD South Korean won KRW Thai baht THB Abbreviated abbreviations of the names of the national currencies of various countries Abbreviated abbreviations of the currencies of the major countries: 1. CNY (Chinese yuan) ChiNeseYuan)人民币2.FRF(FRenchFranc)French franc3.HKD(HongKongDollar)Hong Kong dollar4.CHF(German sCHweizerFranken)Swiss franc5.USD(UnitedStatesDollar)US dollar6.CAD(CAnadianDollar)US dollar6. CAnadianDollar)Canadian Dollar7.GBP(GreatBritainPound)British Pound Sterling8.NLG(NetherLandishGuilder)Netherlands Guilder9.DEM(German DEutscheMark)Deutsche Mark10.BEF(BElgischerFranc)Belgian Franc11. JPY (JaPaneseYen) Yen 12. AUD (AUstralianDollar) Australian Dollar Detailed Currency Profiles of Countries: Afghani Afghani AfAfghanistan Afghanistan bath baht BThailand Thailand balboa Baboa BPanama Panama aolivar Bolivar $ bVenezuela colon bVenezuelaVenezuela colon (Costa Rica) colón¢ CostaRica colon (El Salvador) colón¢ ElSalvador El Salvador cordobaCordobaC$NicaraguaNicaragua cruzeiroCruzeiroCr$brazilBrazil dalasiDalasi DGGambia Gambia dinar (Algeria) dinar DAAlgeria Algeria dinar (Iraq) dinar IDIraq Iraq dinar (Jordan) dinar JDJordan Jordan dinar (Kuwait) dinar KDKuwait Kuwait dinar (Libya) dinar LDLibya Libya dinar (People’s Democratic Republic of Yemen) dinar YDThe People’s Democratic Republic of Yemen dinar (Tunisia) dinar DTunisia Tunisia dinar (Yugoslavia) dinar DINYugoslaviaYugoslavia dirhamDirham DHMoroccoMoroccodollar(Australia)$AAustraliaAustraliadollar(Bahamas)$B$BahamasBahamasdollar(Bermuda)$DB$BermudaBermudadollar(Canada) $Can Can$CanadaCanadadollarEthiopia$Ethiopia$Ethiopia$Dollar(Fiji)$F$FijiFiji$Dollar(Guyana)$G$GuyanaGuyana$Dollar(HongKong)$HK$HongkongHongKong$Dollar(Jamaica)$J$JamaicaJamaica TrinidadandTobago Trinidad and Tobagodollar (USA) $US$USA USA dong (Vietnam) dong DDBVN Democratic Republic of Vietnam drachma Drachma DrGreece Greece escudo (Chile) escudo EChili Chile escudo (Portugal) escudo ; TheCentralAfricanRepublicCentralAfricanRepublic; ChadChad; ThePeople”sRepublicoftheCongoPeople”sRepublic of the Congo; DahomeyDahomey; GabonGabon; IvoryCoastIvory Coast; Niger Senegal; Toto Togo; UpperVolta UpperVolta, etc. franc (France) franc FFFranceFrance franc (Luxembourg) franc LuxFLuxemb(o)ourgLuxembourg franc (Malagasy) franc FMGTheMalagasyRepublic Republic of the Malagasy franc (Mali) francMFMaliMali franc(rwanda)francRwandaRwanda franc(switzerland)francSfSwitzerlandSwitzerlandgourdeGourdeGHaitiHaitiHaitiGuaraniGuaraniCParaguayParaguayGuilder (or florin) (Dutch) guilder fFNetherlandsNetherlands kipKipKLaosLaos koruna (Czech) kroneKeSCzechoslovakiaCzechoslovakia krona (Iceland) kroneIKrIcelandIceland krona (Sweden) kroneSKrSwedenSweden krone (Denmark) kroneDKrDenmarkDenmark krone (Norway) kroneNKrNorwayNorwaykwacha (Malawi)kwachaMKMalawiMalawikwacha (Zambia)kwachaKZambiaZambiakyat (Myanmar)yuanKBurmaMyanmarlekLekAlbaniaAlbanialempiraLempiraLHonrasHonduras leoneLeoneLeSierraLeone Sierra LeoneleuLeu LeuLvRomaniaRomanialevLevLBulgariaBulgarialira (Italy)liraLitItalyItalyLira (Turkey)lira (or pound)LTTurkeyTurkeyMark (Federal Republic of Germany)MarkDMGFR Markka (Federal Republic of Germany) Mark FmkFinlandFinlandNairaNairaNigeriaNigerianewcediNew CediNCGhanaGhanaOuguiyaUuguiyaUMauritaniaMauritaniapa”angaBongaT$TongaTongaPesetaPeseta PtasSpainSpain peso (Argentina)Peso$aArgentinaArgentina peso (Bolivia)Peso$bBoliviaBolivia peso (Colombia)Peso$Col$ColombiaColombia peso (Cuba)Peso$Cub$CubaCuban peso (DominicanRepublic)PesoRD$ TheDominicanRepublicDominicanRepublic peso (Mexico) peso Mex$MexicoMexico peso (Philippines) peso PPhilippinesPhilippines peso (Uruguay) peso Ur$UruguayUruguaypound (Cyprus) pounds£CCyprusCypruspound (Egypt) £LEgypt Egyptpound (UK) £(£Stg) GreatBritain UKpound (Ireland) £IrIreland Irelandpound (Lebanon) £LLebanon Lebanonpound (Malta) £MMalta Maltapound (Sudan) £SSudan Sudanpound (Syria) £ LSSyriaSyriaquetzal Quetzal Quetzal QGuatemalaGuatemalaRenminbiyuanRenminbi YuanRMBChinaChinese rialRlsIranIranian rielRelCambodiaCambodia riyal (Saudi Arabian) riyal SRlsSaudiArabia Saudi Arabia riyal (Yemen Arab Republic) riyal YRlsTheArabRepublicofYemen Yemen Arab Republic rouble ruble R(rub,Rbl)USSRRussia rupee (India) rupee RsIndia India rupee (Mauritius) rupee MRsMauritiusMauritius rupee (Nepal) rupeeNRsNepalNepal rupee (Pakistan) rupeePRsPakistanPakistan rupee (Sri Lanka) rupeeSRsSriLankaSri Lanka rupiah (Indonesia) rupee (or rupiah)RpIndonesiaIndonesia schilling(Austria)shillingSchAustria(Austria)shilling(Kenya)shillingKShKenya(Kenya)shilling(Tanzania)shillingTShTanzaniashilling(Uganda)shillingUShUgandasolSo/PeruSomalishillingSomalia shillingShSoSomaliSomalia sucreSucreS/EcuadorEcuador syliSylisyliGuinea tugrikTugMongoliaMongoliawon(NorthKorea)roundWTheDemocraticPeople”srepublicofKorea Democratic People’s Republic of Korea yen ¥ Japan Japan Zaire ZZaire Zaire ZlPoland ZlPoland Poland Note: ① dellar symbol $ can also be used as $. ② some currency symbols or abbreviations with plural, such as Peseta (Ptas), Rial (Rls), rupees (Rs), etc., generally remove the end of that is its singular form, but the rupee (urpee) of the singular form of Re. ③ the full name of the CFAF (CFAF) CommunauteFinanciereAfricaineFranc

Philippine exchange rate to convert RMB

1 RMB CNY = 7.7906 Philippine pesos PHP, 2140 RMB CNY = 16671.88 Philippine pesos PHP

Foreign currencies can be exchanged directly to the bank, to RMB or other circulating currencies.

China’s four major state-owned banks can exchange foreign currencies, as can China Merchants Bank and Bank of Communications.

Bank of China can exchange foreign currencies for the largest number of currencies. British Pound, Hong Kong Dollar, US Dollar, Swiss Franc, Singapore Dollar, Swedish Krona, Danish Krone, Norwegian Krone, Japanese Yen, Canadian Dollar, Australian Dollar, Euro, Macao Dollar, Philippine Peso, Thai Baht, New Zealand Dollar, South Korean Won and so on.

If you want to exchange into RMB directly, you have to go to the Bank of China, where the bank will exchange into RMB according to the foreign exchange rate of the day and at the “buying price of banknotes”

There are several ways of exchanging Philippine Peso (PHP) as follows

1, Bank of China with RMB remittance in exchange for the Philippine Peso [recommended] need to first give the Bank of China service hotline 95566 telephone reservation, 1-2 working days to bring their own personal ID card in accordance with the appointment time to the designated withdrawal of the bank.

Advantages: easy to communicate, more convenient;

Disadvantages: exchange for all the large denominations, change is not at all da;

2, the domestic remittance for the U.S. dollar, after arriving in the Philippines, U.S. dollar remittance for the peso to go to the Bank of China in exchange for the U.S. dollar; if you need to exchange for a larger number of exchange, you can more than run two exchange.

Advantages: the most convenient, the dollar exchange rate for pesos in the Philippines is also particularly suitable, recommended Manila airport exchange;

3 to the Philippines, directly with the RMB remittance for pesos [least recommended]

Disadvantages: the exchange rate of exchange rate is particularly poor, the exchange rate loss is very large.

4 carry savings card in the Philippines ATM cash withdrawal in the Philippines ATM withdrawals will produce two fees, one is charged by your card issuer overseas withdrawal fees (with the card can be exempted from the Huaxia Bank), the other is the Philippine ATM machine belongs to the bank charged by the overseas UnionPay card withdrawal fees (which has nothing to do with the Chinese card issuer, even if you use is the Huaxia card will also be charged). For example: if you use the Agricultural Bank of China’s UnionPay card, the Philippines cash withdrawals will definitely be charged two hand

China’s four major state-owned banks can exchange foreign currency, China Merchants Bank, Bank of Communications and other banks can also be handled.

Bank of China can exchange foreign currency for the most currencies. British Pound, Hong Kong Dollar, US Dollar, Swiss Franc, Singapore Dollar, Swedish Krona, Danish Krone, Norwegian Krone, Japanese Yen, Canadian Dollar, Australian Dollar, Euro, Macao Dollar, Philippine Peso, Thai Baht, New Zealand Dollar, South Korean Won and so on.

If you want to exchange directly into RMB, then you must go to the Bank of China to exchange, the bank in accordance with the day of the foreign exchange rate, to “cash buying price”, to give you to exchange into RMB.

Alphabetical abbreviations for various currencies?

Euro, British pound, Australian dollar, Chinese yuan, Malaysian dollar, Indonesia, Singapore dollar, New Zealand, Vietnam, Korean won, Thai baht, Philippines, Japanese yen, U.S. dollar

For the U.S. dollar, I can tell you an approximate one for Dec. 2

Euro 0.75, British pound 0.5, Australian dollar 1.27, Chinese yuan 7.83, Malaysian dollar 3.59. Indonesia 9165, Singapore dollar 1.54, New Zealand 1.45, Vietnam 16000, Korean won 928, Thai baht 35.8, Philippine 49.5, Japanese yen 115, U.S. dollar 1

Not quite accurate, make do

Changes of course, ah, change every day