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base info Moonbeam

Moonbeam to Philippine Peso Converter and calculator

Convert 1Moonbeam (GLMR) to Philippine Peso (PHP) equals ₱ 16.46 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Moonbeam(GLMR) to Philippine Peso(PHP). This is the real-time data. The current conversion shows 1 GLMR at a value of 1 GLMR for 16.46 PHP . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

PHP information

About the Philippine Peso (PHP)

What Is the Philippine Peso (PHP)?

The Philippine Peso, denoted as PHP (₱), is the official currency of the Philippines. It's subdivided into 100 centavos or sentimos in Filipino. The currency symbol is ₱, and it's also commonly abbreviated as "PHP," "PhP," "Php," or simply "P." The Philippine Peso is the sole legal tender in the Philippines, and it is used for all transactions within the country.

The Philippine Peso is issued by the Bangko Sentral ng Pilipinas (BSP), which is the central bank of the Philippines. Established on July 3, 1993, the BSP is responsible for maintaining price stability, ensuring the liquidity and solvency of the financial system, and promoting a balanced and sustainable economic growth in the country.

What Is the History of PHP?

The origins of the Philippine Peso trace back to the Spanish Peso or pieces of eight, introduced in the Philippines via the Manila galleons from the 16th to the 19th century. The pre-colonial Philippines engaged in barter trade, but the inconvenience led to the use of gold, which was abundant in the islands, as a medium of exchange. The earliest known local currency was the "Piloncitos" and gold barter rings.

During the Spanish Colonial period, the Spanish Dollar or silver peso was introduced. The Philippines also minted its own coins, such as the crude copper or bronze coins called "cuartos" or "barrillas." The Spanish gold onza and silver peso established a bimetallic standard, with the peso being worth either the silver Mexican peso or 1/16th of the gold onza.

Post-independence, the Philippines saw various currency reforms, including the introduction of the Central Bank of the Philippines in 1949 and the shift to a free-floating currency system with the New Central Bank Act of 1993.

Notes and Coins of PHP

Today, the Philippine Peso is available in both coins and banknotes. Coins come in denominations of 1, 5, 10, and 25 centavos, and 1, 5, 10, and 20 pesos. Banknotes are issued in 20, 50, 100, 200, 500, and 1,000 pesos. The latest banknote designs feature prominent Filipinos and iconic natural wonders. The BSP produces the country's banknotes and coins at its Security Plant Complex, which is located in Quezon City.

Exchange Rate and Economic Implications

The PHP has experienced fluctuations in its exchange rate, particularly against the US dollar (USD). Historically, it has ranged from below 48 PHP to over 56 PHP per USD. The exchange rate is influenced by various factors, including the Philippines' economic performance, trade balances, and global economic conditions.

Is the Philippine Peso Pegged to the US Dollar?

The Philippine Peso (PHP) currently operates under a floating exchange rate system and is not pegged to the US Dollar (USD). Historically, the PHP was pegged to the USD during the American colonial era and the post-World War II period. However, this changed following significant economic reforms, particularly after the enactment of the New Central Bank Act of 1993, which established the Bangko Sentral ng Pilipinas (BSP). Under the floating exchange rate regime, the value of the PHP is determined by market forces, including factors such as economic performance, inflation, and trade balances. While the BSP may intervene to manage excessive volatility in the currency market, it does not maintain a fixed exchange rate against the USD.

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Bitget crypto-to-fiat exchange data shows that the most popular Moonbeam currency pair is the GLMR to PHP, with for Moonbeam's currency code being GLMR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PHP.

GLMR to PHP conversion rate trend

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In the past 1D, Moonbeam has changed -4.54% to PHP. Based on the trend and price charts, Moonbeam(GLMR) has changed -4.54% to PHP while Philippine Peso(PHP) has changed % to GLMR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₱16.23
0.0001% / 0.0004%vip-iconVIP
Binance
₱16.23
0.1000% / 0.1000%
Yes
OKX
₱16.24
0.080% / 0.100%
Yes
Huobi
₱16.26
0.1000% / 0.1000%
Yes
Gate.io
₱16.23
0.1000% / 0.1000%
Yes
Bybit
₱16.26
0.1000% / 0.1000%
Yes
KuCoin
₱16.33
0.1000% / 0.1000%
Yes
Last updated 2024/05/24 09:00:15(UTC+0)

How to buy Moonbeam

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Use a variety of payment options to buy Moonbeam on Bitget. We'll show you how.

What factors influence the conversion rate of Moonbeam to Philippine Peso?

Moonbeam to Philippine Peso is rising this week.
Moonbeam's current market price is ₱ 16.46 per GLMR, with a total market cap of ₱ 14,223,655,123.24 PHP based on a circulating supply of 864,270,500 GLMR. The trading volume of Moonbeam has changed by -8.91% (₱ -47,340,054.05 PHP) in the last 24 hours. Last trading day, GLMR's trading volume was ₱ 531,128,945.64.
Market cap
$244.39M
24h volume
$8.31M
Circulating supply
864.27M GLMR

Conversion tables

The exchange rate of Moonbeam is decreasing.
1 GLMR is currently valued at ₱ 16.46 PHP , which means buying 5 GLMR will cost ₱ 82.29 PHP . Similarly, ₱1 PHP can be traded for 0.06076 GLMR, and ₱50 PHP can be converted to 3.04 GLMR, excluding any platform or gas fees.
The exchange rate of 1 GLMR to Philippine Peso has changed by +2.63% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.54%, reaching a high of 17.54 PHP and a low of 15.92 PHP . One month ago, the value of 1 GLMR was ₱ 20.33 PHP , which represents a -19.00% change from its current value. Over the last year, Moonbeam has changed by
+
0.8838PHP
, resulting in a change of +5.65% in its value.

GLMR to PHP

Amount
09:50 am today
0.5 GLMR
8.23
1 GLMR
16.46
5 GLMR
82.29
10 GLMR
164.57
50 GLMR
822.87
100 GLMR
1,645.74
500 GLMR
8,228.71
1000 GLMR
16,457.41

PHP to GLMR

Amount09:50 am today
0.5PHP0.03038  GLMR
1PHP0.06076  GLMR
5PHP0.3038  GLMR
10PHP0.6076  GLMR
50PHP3.04  GLMR
100PHP6.08  GLMR
500PHP30.38  GLMR
1000PHP60.76  GLMR
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Today vs. 24 hours ago

Amount09:50 am today24 hours ago24h change
0.5 GLMR$0.1414$0.1481
-4.54%
1 GLMR$0.2828$0.2963
-4.54%
5 GLMR$1.41$1.48
-4.54%
10 GLMR$2.83$2.96
-4.54%
50 GLMR$14.14$14.81
-4.54%
100 GLMR$28.28$29.63
-4.54%
500 GLMR$141.38$148.13
-4.54%
1000 GLMR$282.77$296.26
-4.54%

Today vs. 1 month ago

Amount09:50 am today1 month ago1M change
0.5 GLMR$0.1414$0.1747
-19.00%
1 GLMR$0.2828$0.3494
-19.00%
5 GLMR$1.41$1.75
-19.00%
10 GLMR$2.83$3.49
-19.00%
50 GLMR$14.14$17.47
-19.00%
100 GLMR$28.28$34.94
-19.00%
500 GLMR$141.38$174.69
-19.00%
1000 GLMR$282.77$349.38
-19.00%
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Today vs. 1 year ago

Amount09:50 am today1 year ago1Y change
0.5 GLMR$0.1414$0.1338
+5.65%
1 GLMR$0.2828$0.2676
+5.65%
5 GLMR$1.41$1.34
+5.65%
10 GLMR$2.83$2.68
+5.65%
50 GLMR$14.14$13.38
+5.65%
100 GLMR$28.28$26.76
+5.65%
500 GLMR$141.38$133.79
+5.65%
1000 GLMR$282.77$267.58
+5.65%

Moonbeam price prediction

What will the price of GLMR be in 2025?

Based on GLMR's historical price performance prediction model, the price of GLMR is projected to reach $0.4084 in 2025.

What will the price of GLMR be in 2030?

In 2030, the GLMR price is expected to rise by -19.00%. By the end of 2030, the GLMR price is projected to reach $0.4185, with a cumulative ROI of +48.00%.
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