1 Argentine Peso to Philippine Pesos

Find the daily exchange rates for ARS/PHP and for all the top World currencies.

Countries That Use Argentine Peso (ARS) as their official currency

The Argentine Peso (ARS) is used as the main currency in the following countries: Argentina

Countries That Use Philippine Peso (PHP) as their official currency

The Philippine Peso (Philippine Peso) is used as the main currency in the following countries: Philippines

About The Argentine Peso (PHP)

The PHP - Philippine Peso - is the official currency of the Philippines, an archipelago in Southeast Asia known for its beautiful beaches, diverse culture, and warm hospitality. The Philippine Peso is symbolized by '₱' and abbreviated as 'PHP,' and it is subdivided into 100 smaller units called 'centavos.' The Peso plays a crucial role in supporting the Philippines' growing economy, which is characterized by a mix of agriculture, manufacturing, services, and a strong remittance sector driven by overseas Filipino workers (OFWs).

The Philippine Peso has a long history, with its origins tracing back to the Spanish colonial period. The word 'peso' means 'weight' in Spanish, and the currency was first introduced during the Spanish colonization of the Philippines in the 16th century. The modern Philippine Peso was officially established in 1949, following the Philippines' independence from American colonial rule. Since then, the Peso has undergone several changes, including reforms to improve its stability, and it has adapted to meet the needs of a rapidly growing and diversifying economy.

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is responsible for issuing and regulating the Philippine Peso. Established in 1993, the BSP aims to maintain price stability, manage inflation, and ensure financial stability. The central bank formulates monetary policy, sets interest rates, and manages the supply of money to maintain the stability of the Peso. The BSP also monitors the foreign exchange market and intervenes when necessary to reduce excessive volatility and maintain confidence in the currency.

The Philippine Peso is issued in both coin and banknote forms. Coins are available in denominations of 1, 5, 10, and 25 centavos, as well as 1, 5, 10, and 20 Pesos. Banknotes are issued in denominations of 20, 50, 100, 200, 500, and 1,000 Pesos. Each banknote features notable figures from Philippine history, such as José Rizal, the national hero known for his role in the struggle for independence, and Andrés Bonifacio, the founder of the Katipunan revolutionary movement. The reverse sides of the banknotes depict iconic natural landmarks, such as the Taal Volcano and the Banaue Rice Terraces, reflecting the country’s rich natural heritage and cultural pride. The banknotes also include advanced security features to prevent counterfeiting, such as watermarks, security threads, and holographic patches.

The Philippine economy is one of the fastest-growing in Southeast Asia, driven by sectors such as agriculture, manufacturing, services, and the business process outsourcing (BPO) industry. The Peso plays an essential role in facilitating economic activities across the country, from small-scale trade in local markets to large-scale industrial transactions. A significant portion of the Philippine economy is also supported by remittances from millions of overseas Filipino workers, whose contributions help boost domestic spending and strengthen the Peso. The value of the Peso is influenced by factors such as economic growth, inflation, interest rates, and global trade dynamics.

The Philippine Peso is used throughout the country for all types of transactions, from everyday purchases in bustling markets and shopping malls to major business transactions in Manila’s financial districts. Tourists visiting the Philippines will use the Peso for their travel expenses, including exploring famous attractions such as Boracay’s pristine beaches, the Chocolate Hills of Bohol, and the historic walled city of Intramuros in Manila. The Peso serves as a symbol of the Philippines' cultural heritage, economic independence, and resilience in the face of challenges.

The Philippine Peso has demonstrated resilience over the years, withstanding various economic and political challenges. The country's economic reforms, focus on infrastructure development, and commitment to financial stability have helped maintain the value of the Peso and ensured its role as a trusted currency in the region. As the Philippines continues to grow and establish itself as an important player in the Southeast Asian economy, the Philippine Peso remains a symbol of the nation’s progress, dynamism, and aspirations for a prosperous future.

About The Argentine Peso (ARS)

The ARS - Argentine Peso - is the official currency of Argentina, a country located in South America known for its diverse landscapes, rich cultural heritage, and vibrant economy. The Peso is symbolized by '$' or 'AR$', with each Peso subdivided into 100 smaller units called 'centavos.' The Argentine Peso is a significant part of the country's economic history, and its value has fluctuated considerably due to the economic and political challenges Argentina has faced over the years.

The modern Argentine Peso was introduced in 1992, replacing the Austral at a rate of 10,000 Australes to 1 Peso. This introduction was part of an economic stabilization plan aimed at curbing hyperinflation, which had severely impacted Argentina's economy during the late 1980s and early 1990s. Initially, the Peso was pegged to the US Dollar at a 1:1 ratio under the 'Convertibility Plan,' which was intended to stabilize prices and restore confidence in the national currency. This peg was maintained until 2001, when economic pressures forced the country to abandon the fixed exchange rate, leading to a floating Peso and a significant devaluation.

Argentina has experienced various versions of the Peso throughout its history, each reflecting different economic circumstances. The Peso has undergone changes in value, symbols, and denominations, often as a response to inflationary pressures. These shifts are indicative of Argentina's complex financial history, with periods of rapid growth, political instability, and economic crises.

Today, the Argentine Peso is a free-floating currency, and its value can be volatile, affected by both domestic policies and global market conditions. Despite the challenges, the Argentine Peso remains central to everyday transactions in Argentina, reflecting the resilience of the Argentine people. The exchange rate against major world currencies, particularly the US Dollar, is closely watched both domestically and internationally due to its impact on inflation, purchasing power, and international trade.

The Argentine Peso is issued in both coin and banknote forms. Coins are available in denominations ranging from 1 to 10 pesos, while banknotes come in values from 10 to 1,000 pesos. The banknotes feature significant historical figures, such as José de San Martín and Eva Perón, along with natural and cultural symbols representing Argentina's rich heritage, including native animals and scenic landscapes like the Iguazu Falls. These images reflect Argentina's national pride and cultural identity.

While Argentina faces economic challenges, including high inflation rates, the Peso remains the official means of exchange for goods, services, and investments. The government's ongoing efforts to address inflation and stabilize the currency are part of a broader strategy to restore economic growth and confidence in the national financial system.

Argentina's unique economy, with its mix of agriculture, industry, and services, makes the Peso an essential currency not only for the country but also for regional trade within Latin America. The Peso's story is one of adaptability and endurance, symbolizing Argentina's struggles, resilience, and hopes for economic stability and prosperity.

Argentine Peso (ARS) Frequently Used Conversions