Convert United States Dollar to Philippine Peso
Please provide values below to convert United States Dollar [USD] to Philippine Peso [PHP], or Convert Philippine Peso to United States Dollar.
How to Convert United States Dollar to Philippine Peso
1 USD = 0.0175616369553039 PHP
Example: convert 15 USD to PHP:
15 USD = 15 × 0.0175616369553039 PHP = 0.263424554329558 PHP
United States Dollar to Philippine Peso Conversion Table
| United States Dollar | Philippine Peso |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.