Philippine Peso
PHP is the Philippine peso. Choose it for a Philippine bill, family budget or purchase paid in pesos. One peso contains 100 centavos. Check the code carefully: the word “peso” is also used for other countries’ currencies.
67 currencies found.
67 currencies compared with PHP. Indicative market rates; a provider’s final quote can include fees and a margin.
Philippine peso: check what the recipient can use
- Unit
- 1 peso = 100 centavos
- Banknotes
- Issued by Bangko Sentral ng Pilipinas
Sent, converted and received are different amounts
For a remittance, the money you pay, the amount exchanged and the pesos delivered can be different figures. A fee may be added to your payment or deducted before conversion. Receiving or converting-bank charges may also affect the final credit. The useful comparison is the total cost to you alongside the PHP amount the recipient is due to receive.
Check the receiving details first
Confirm the recipient’s account currency and the delivery method you both intend to use. Ask whether the displayed PHP amount includes any receiving charges. When a current reference is available here, the converter helps estimate value; the provider must confirm the actual payment terms.
Does the highest headline rate deliver the most pesos?
Not necessarily. Compare fees and the final PHP amount for the same total payment and delivery method.
Should I choose PHP for every account in the Philippines?
Use the currency in the recipient’s instructions. Confirm the account currency before arranging the transfer.
Currency facts checked 28 September 2026.
- Bangko Sentral ng Pilipinas — BSP Charter — Sections 48 and 50
- Bangko Sentral ng Pilipinas — Circular No. 1197 — Appendix 10.1, conversion and proceeds fields
- SIX, ISO 4217 Maintenance Agency — ISO 4217 List One: current currency and fund codes