Cash usage
Philippine peso cash remains useful for local transport, markets and smaller businesses across the islands.
Country money guide
Philippines Currency Guide
Learn how the Philippine peso is used in the Philippines, then open a dated reference-rate conversion.
Currency overview
Philippine Peso in Philippines
CurrencyPhilippine Peso
ISO codePHP
Central bankBangko Sentral ng Pilipinas
Currency profileView PHP factsMonetary framework
The Philippines uses the Philippine peso as its official currency.
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Convert PHP
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PHP converter
PHP0.016103 USD1 PHP = 0.01610332 USD
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Currency facts
PHP at a glance
CurrencyPhilippine Peso
ISO codePHP
Symbol₱
Minor unitSentimo
Decimal places2
Central bankBangko Sentral ng Pilipinas
Currency typeOfficial currency
Money usage guide
Local money guide for the Philippines
Official use
The Philippines uses the Philippine peso as its official currency.
Payment environment
Peso cash remains useful throughout the Philippines; cards and electronic wallets are more common in cities and larger establishments.
Cash and payment habits
Cash, cards and local payments
Card acceptance
Cards are more commonly accepted in cities, hotels and larger retailers, while acceptance can be limited elsewhere.
Mobile and contactless payments
The national retail payment framework includes PESONet, InstaPay and QR-based services, but visitor access depends on participating providers.
ATM availability
ATM access and foreign-card support vary by bank, network and location; both the local operator and issuer may charge fees.
Exchange tips
Planning a conversion
Before exchanging
Compare the final peso amount and use banks or authorized exchange providers rather than an informal cash offer.
Cash declaration
The Bureau of Customs publishes separate declaration rules for Philippine and foreign currency; confirm the current requirements before travel.
Popular currency pairs
PHP conversion links
Related currencies
Regional and monetary links
These links use the country dataset's regional and monetary relationships rather than a single global popularity list.
FAQ
Philippines currency questions
Which currency is used in the Philippines?
The Philippines uses the Philippine peso as its official currency.
Does the Philippines have multiple official currencies?
The Philippines has one official currency: the Philippine peso (PHP).
How can I compare the Philippine peso?
Use the conversion links on this page to compare the Philippines' official currency with other supported currencies.
Sources and review
Rate data and official references
Data source: Frankfurter
Rate date:
Reviewed by: CurrencyHub Editorial Team
Editorially reviewed:
Content methodology
Country guidance is assembled from official monetary, payment-system and border-information sources. Missing details are omitted rather than inferred.
Sources
Report an errorExchange-rate information is provided for reference only and is not financial, trading or investment advice.