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Find out which countries peg their currency to the US dollar or other anchors, and how they manage their exchange rates. See the de facto classification of exchange rate arrangements by the IMF as of 2022.
The Philippine peso is the official currency of the Philippines, derived from the Spanish peso or dollar. It has the symbol "₱", introduced during American rule, and is subdivided into 100 sentimo or centavos.
Learn about the global decentralized market for trading currencies, its history, characteristics, and participants. Find out how foreign exchange rates are determined, how they affect international trade and investments, and how they are used for speculation and hedging.
Learn about the evolution of currency in the Philippines from ancient times to the present, including gold coins, silver pesos, and colonial influences. See images and descriptions of various types of money, such as piloncitos, barter rings, and Manila chopmarks.
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. Learn how to write, read and interpret currency pairs, and see the most traded currencies by value and change.
Learn about the economy of the Philippines, a lower-middle income country with a GDP of $471.516 billion in 2024. Find out its composition by sector, growth rate, per capita, poverty rate, and more.
Learn what an exchange rate is and how it is determined by different factors, such as supply and demand, government policies, and market conditions. Compare and contrast various exchange rate regimes, such as floating, fixed, and hybrid, and their implications for currency values and trading.
The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines, established in 1949 and re-established in 1993. It is responsible for monetary policy, bank supervision, currency issuance, and financial stability.