![]() Prices are determined in this manner-the greater the demand for one currency versus another, the higher their exchange rate. Overseas workers may remit their Euros to their families, who would in turn, convert this into Pesos to spend. Retail clients may purchase Japanese yen for a travel holiday to Japan. Exporters, on the one hand, would likely seek to exchange their foreign currency revenues into Pesos in order to cover their operating expenses. For instance, importers may look to purchase US Dollars to pay their suppliers abroad. ![]() Although, there is no single entity that controls or dictates foreign exchange rates.įree market conditions generally prevail, which means that foreign currency exchange rates move based on supply and demand. Hence, central banks would occasionally employ policies to ensure market stability. Given the wide accessibility of foreign exchange markets, large movements and heightened volatility are unavoidable. The trading of foreign exchange is a global market activity where market participants generally consist of government institutions, financial institutions, fund managers, brokers, corporations and retail investors. Understanding the Foreign Currency Exchange Market For instance, if the Philippine foreign exchange rate vs USD is at 52.250, this means that 1 US dollar can be converted into 52.250 Philippine pesos.įoreign currency exchange rates are constantly changing without notice they can go up or down depending on market conditions, the perceived strength of the Philippines’ economy, and other factors that may not be related to its actual situation. Rates are quoted in Philippine peso (PHP).ĭifferent countries have different currencies, and it is through Foreign Exchange that people can convert the currency of one country into another. Visit your nearest branch to know the actual rates for the day. These rates are indicative only and may change without prior notice. Once you see the historical exchange rate graph appear, scroll anywhere along the graph line to see the historical exchange rate for that particular day in that year.Indicative Foreign Exchange Rate as of J09:12 AM You can select the specific year for which you wish to see the historical exchange rates. ValutaFX has 10 years of history for most currency pairs. Yes, you can see historical conversion rates from Philippine Pesos to Canadian Dollars on the Philippine Peso to Canadian Dollar history page. Can I see historical conversion rates for PHP to CAD? Yes, you can convert over 120 global currencies to Canadian Dollars using the ValutaFX currency converter. The highest Philippine Peso to Canadian Dollars exchange rate in the last 5 years was 0.0286 Canadian Dollars per Philippine Peso on Saturday, May 02, 2020. What is the highest PHP to CAD rate in the last 5 years? The current exchange rate between the Philippine Peso and the Canadian Dollar is 1 PHP = 0.0240 CAD. What is the current exchange rate between PHP and CAD? In the last 5 years, the Philippine Peso has depreciated -7.66% relative to the Canadian Dollar. The Philippine Peso is weaker than the Canadian Dollar at this time. If you execute a trade from Philippine Pesos to Canadian Dollars late in the week, please bear in mind that the trade might not settle until the following week. However, between 3-4 PM GMT is often a good time if you want to convert Philippine Pesos to Canadian Dollars because trading volumes tend to be highest at this time. What time of the day is best for PHP to CAD conversions?Ĭurrency pairs are traded throughout the day, and consequently, their values can fluctuate constantly. In the last 5 years, the Canadian Dollar reached a high of 43.866 Philippine Pesos to one Canadian Dollar on Thursday, July 21, 2022. ![]() When was the Canadian Dollar at its highest compared the Philippine Peso in the last 5 years? What is ₱100 in Canadian Dollars?ġ00 Philippine Pesos = 2.3964 Canadian Dollars as of Sunday, J03:55 PM UTC. You can get live exchange rates between Philippine Pesos and Canadian Dollars using the ValutaFX free online currency converter. PHP to CAD Converter - FAQs What is the value of one Philippine Peso in Canadian Dollars?ġ Philippine Peso = 0.0240 Canadian Dollars as of Sunday, J03:55 PM UTC.
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