Overview of Philippine Peso:
The Philippine Peso is the official currency of the Philippines. But for local people, it is called “pico”. It’s a pillar of commerce across the archipelago for over a century. The currency code is PHP. From restaurant to local store, the peso is the only validated currency that has been used.
History of Philippine Peso:
The Philippines were under Spanish colonial rule during the 16th century, and they completely depended on the Spanish Dollar. During the 19th century USA captured Philippines, and in 1903, the modern Philippine peso was introduced. It was pegged to gold, and price was half of the US dollar. In 1949, after gaining Independence, the Central Bank of the Philippines controlled and circulated it all over the country.
Currency of Philippines: The vibrant notes celebrate the country’s heroes and great landmarks. The banknotes in denominations are ₱5, ₱10, ₱20, ₱50, ₱100, ₱200, ₱500, and ₱1,000.
Evaluation of the Peso currency:
Inflation: Higher inflation reduces consumption by lowering the demand, negatively impacting the economy. Over the past decade, inflation hovered around 4.5% however, recently, in 2025, inflation is around 0.9-1.5% this lower inflation rate has strengthened the economy and the value of pesos.
Interest: Controlling the interest rate brings in investments, thus the Central Bank of Philippines intervenes whenever necessary to increase the foreign investments into the country to bring confidence in investors in the peso.
Economy: GDP often reflects the growth of the country, with an increase in GDP signaling a stronger economy, thus driving the value of Pesos. Recent reports suggest a growth of 5.5% in GDP in 2025, thus reflecting better economic conditions of the country.
Why is converting INR to Pesos important?
If you plan to travel Philippines to enjoy beautiful waterfalls, refreshing beaches, to marvel at Fort Santiago, or visit on a business trip, converting INR to pesos certainly helps in avoiding hassles with currency conversions at airports for a higher exchange rate with some hidden charges. Early currency conversion helps in controlling your expenditure on your visit.
How to buy or sell Pesos at the cheapest possible exchange rate in India?
Banks: When it comes to buying or selling pesos, RBI-authorized banks have numerous branches; not all branches have the facility to get your currency exchange done and most banks have a fixed exchange rate throughout the day.
With a lack of transparency over fees being charged, some banks include processing fees with a higher markup for currency exchange, making it a less favourable option.
RBI Licensed Money Changers: Unlike Banks, Money changers do not require an account for you to buy or sell Pesos in India. While being licensed and regulated by RBI certainly helps one ensure the transactions are safer and reliable, since any lapse violates the rules set by RBI.
There are several money changers in the market; however, one of the reliable and efficient would be Orient Exchange.
What makes Orient Exchange the best choice to buy or sell Pesos in India?
- Fair Pricing:
Get access to real-time exchange rates with zero hidden fees. Orient Exchange is an RBI-authorized category-2 dealer that ensures complete trust for INR to Pesos exchange.
- Personalised service:
Orient Exchange, with dedicated customer support having 26 branches across India, ensures smooth, efficient transactions while providing a personalized service experience to resolve all queries.
- Availability:
Orient Exchange specializes in a hybrid mode of delivery, i.e, customers can book online and take delivery at home, or directly visit branches or book online and pick up at branches.
- Trust by Lakhs of Customers
Orient Exchange has got outstanding 4.9/5 ratings from over 60,000+ reviews across India. Orient Exchange is trusted by thousands of students, travellers, and families for their international currency needs.
The Philippine Peso (PHP) shows a vibrant economy and global connections of Philippines. If you're planning to travel Philippines, getting the best exchange rate is important for your currency exchange from an authorized dealer. Orient Exchange offers the best exchange rate for buying or selling Philippine Peso in India with transparent and RBI-regulated services.
Choose your trusted dealer Orient Exchange - Buy Philippine Peso for your hassle-free travel.
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