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XRP to Philippine Peso Converter and calculator

Convert 1XRP (XRP) to Philippine Peso (PHP) equals ₱ 27.87 | Bitget

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 XRP currency pair is the XRP to PHP, with for XRP's currency code being XRP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PHP.

XRP to PHP conversion rate trend

1D7D1M3M1YAll
In the past 1D, XRP has changed -0.49% to PHP. Based on the trend and price charts, XRP(XRP) has changed -0.49% to PHP while Philippine Peso(PHP) has changed % to XRP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₱27.76
0.0001% / 0.0004%vip-iconVIP
Binance
₱27.79
0.1000% / 0.1000%
Yes
Coinbase Exchange
₱27.73
0.1000% / 0.1000%
Yes
Kraken
₱27.74
0.1000% / 0.1000%
Yes
OKX
₱27.79
0.080% / 0.100%
Yes
Huobi
₱27.8
0.1000% / 0.1000%
Yes
Gate.io
₱27.79
0.1000% / 0.1000%
Yes
Bybit
₱27.75
0.1000% / 0.1000%
Yes
KuCoin
₱27.79
0.1000% / 0.1000%
Yes
Bitfinex
₱27.79
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 19:00:32(UTC+0)

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

XRP to Philippine Peso is falling this week.
XRP's current market price is ₱ 27.87 per XRP, with a total market cap of ₱ 1,536,146,131,316.66 PHP based on a circulating supply of 55,119,897,000 XRP. The trading volume of XRP has changed by -49.33% (₱ -132,337,608,710.94 PHP) in the last 24 hours. Last trading day, XRP's trading volume was ₱ 268,248,284,572.39.
Market cap
$27.03B
24h volume
$2.39B
Circulating supply
55.12B XRP

Conversion tables

The exchange rate of XRP is decreasing.
1 XRP is currently valued at ₱ 27.87 PHP , which means buying 5 XRP will cost ₱ 139.35 PHP . Similarly, ₱1 PHP can be traded for 0.03588 XRP, and ₱50 PHP can be converted to 1.79 XRP, excluding any platform or gas fees.
The exchange rate of 1 XRP to Philippine Peso has changed by -21.58% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.49%, reaching a high of 29.5 PHP and a low of 27.48 PHP . One month ago, the value of 1 XRP was ₱ 34.71 PHP , which represents a -19.74% change from its current value. Over the last year, XRP has changed by
-
1.93PHP
, resulting in a change of -6.49% in its value.

XRP to PHP

Amount
19:17 today
0.5 XRP
13.93
1 XRP
27.87
5 XRP
139.35
10 XRP
278.69
50 XRP
1,393.46
100 XRP
2,786.92
500 XRP
13,934.59
1000 XRP
27,869.18

PHP to XRP

Amount19:17 today
0.5PHP0.01794  XRP
1PHP0.03588  XRP
5PHP0.1794  XRP
10PHP0.3588  XRP
50PHP1.79  XRP
100PHP3.59  XRP
500PHP17.94  XRP
1000PHP35.88  XRP
share

Today vs. 24 hours ago

Amount19:17 today24 hours ago24h change
0.5 XRP$0.2452$0.2464
-0.49%
1 XRP$0.4903$0.4927
-0.49%
5 XRP$2.45$2.46
-0.49%
10 XRP$4.9$4.93
-0.49%
50 XRP$24.52$24.64
-0.49%
100 XRP$49.03$49.27
-0.49%
500 XRP$245.16$246.37
-0.49%
1000 XRP$490.32$492.73
-0.49%

Today vs. 1 month ago

Amount19:17 today1 month ago1M change
0.5 XRP$0.2452$0.3054
-19.74%
1 XRP$0.4903$0.6108
-19.74%
5 XRP$2.45$3.05
-19.74%
10 XRP$4.9$6.11
-19.74%
50 XRP$24.52$30.54
-19.74%
100 XRP$49.03$61.08
-19.74%
500 XRP$245.16$305.38
-19.74%
1000 XRP$490.32$610.75
-19.74%

Today vs. 1 year ago

Amount19:17 today1 year ago1Y change
0.5 XRP$0.2452$0.2622
-6.49%
1 XRP$0.4903$0.5243
-6.49%
5 XRP$2.45$2.62
-6.49%
10 XRP$4.9$5.24
-6.49%
50 XRP$24.52$26.22
-6.49%
100 XRP$49.03$52.43
-6.49%
500 XRP$245.16$262.16
-6.49%
1000 XRP$490.32$524.32
-6.49%

FAQ

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