Have you ever wondered how much your peso is worth in dollars, euros, or other currencies? The Bangko Sentral ng Pilipinas (BSP) just released the latest exchange rates, and here’s what you need to know!
What’s Happening?
Every day, the BSP updates its exchange rates, which tell us how much one currency is worth compared to another. These rates are important for businesses, travelers, and even online shoppers buying from other countries.
How Much is 1 U.S. Dollar Today?
- 1 USD = 57.359 PHP (Philippine Pesos)
- 1 USD = 0.916338 EUR (Euros)
If you’re planning to buy dollars or send money abroad, this rate helps you understand how much you’ll need to exchange.
Other Important Exchange Rates:
- 1 British Pound (GBP) = 74.2799 PHP
- 1 Japanese Yen (JPY) = 0.3883 PHP
- 1 Saudi Riyal (SAR) = 15.2949 PHP
- 1 UAE Dirham (AED) = 15.6181 PHP
What Else?
- Gold Price: $2,913.70 per ounce
- Silver Price: $32.80 per ounce
- BSP Buying Rate: 56.950 PHP/USD
- BSP Selling Rate: 57.450 PHP/USD
Why Does This Matter?
If you work abroad (OFW), run a business, or plan to travel, these rates affect how much your money is worth when exchanging currencies. Even the cost of imported products, fuel, and gadgets is impacted by these numbers!
