![]() On May 9, the USD to PHP exchange rate reached 53.08. ![]() Exchange rates can vary considerably even within a year and so current rates may differ markedly from those shown here. In early May this year, the US dollar to the Philippine peso (PHP) strengthened, hitting 3.5-year highs. Some of the data for 2003 refers to rates on May 28 for countries beginning with A-E, and June 2 for countries listed F-Z. Enter an amount in the box field of your chosen currency and click here to see the converted amount : Currency, Amount. Month Month Low Month High Average Changes () January: 49. One week One month Three month Half-year Year Historical Rate Tables (USD/PHP 2017) Monthly Averages. Some of the data for the years 1997-2002 refers to the rate on, or close to, January 1 of that year. On Novemthe Official USD to PHP Exchange Rate: Close: 1 USD 44.889 PHP. Interactive historical chart showing the daily US Dollar - Philippine Peso (USD/PHP) exchange rates in 2017. The data are taken at varying times of the year or maybe the average for the whole year. The exchange rates of advanced economies, such as those of Japan or Hong Kong, against the dollar tend to fluctuate up and down, representing much shorter-term relative economic strengths, rather than move consistently in a particular direction. This means the US Dollar increased in value compared to the Philippine Peso. If the number consistently increases through time, then it is a strong indication that the economy of the country or countries using that currency are in a less robust state than that of the United States (see e.g., the Turkish lira). This chart shows USD/PHP exchange rate history data for 2018. However, it is useful to look at the variation over time of a particular exchange rate. Then all the numbers in the table would be multiplied by one hundred, but it does not mean all the world's currencies just got weaker. dollar could be rebased tomorrow so that 1 new dollar was worth 100 old dollars. The magnitude of the numbers in the list does not indicate, by themselves, the strength or weakness of a particular currency. For example, if there are ¥120 to the dollar and €1.2 to the dollar then the number of yen per euro is 120/1.2 = 100. The value of a currency relative to a third currency may be obtained by dividing one U.S. An exchange rate between two currencies fluctuates over time. An exchange rate represents the value of one currency in another. dollar, at present the most widely traded currency in the world. Listed below is a table of historical exchange rates relative to the U.S. The lowest USD/PHP exchange rate in 2014 was 43.220 Philippine Pesos per US Dollar on July 23, 2014. ( Learn how and when to remove this template message) Please help update this article to reflect recent events or newly available information. So, the business owner has earned a lot more than was initially invested-but in the process, the individual created a “shortage” of pain relief sprays, which will now be sold at even higher rates than they cost, feeding inflation.This article needs to be updated. The individual can use these dollars to their advantage by importing relief sprays worth just $10,000 dollars and selling the rest of dollars on the thriving black market to get 90,000 X 900 (assumed) = 81,000,000 VEF. The individual needs to pay 100,000 X 64 = 6,400,000 VEF to get the dollars. For example, if an influential business owner puts in a request to the government for $100,000 to import pain relief spray. Analyze historical currency charts or live Euro / Philippine peso rates and get free rate alerts. 2014 The tables below summarize USD/PHP and PHP/USD conversions for various amounts on April 5, 2023. This, along with a system that supports arbitrage of the currency because of the different rates for dollars within the country, has been destroying the balance. Convert 10 EUR to PHP with the Wise Currency Converter. The lowest USD/PHP exchange rate in 2023 was 53.860 Philippine Pesos per US Dollar on February 2, 2023. While it might be passable to give a preferred rate for essential imports, problems arise when the preferred rates are accessible only by the influential. The Venezuelan exchange rate system offers different rates to different people depending on the purpose.
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