1 Australian Dollar to Philippine Pesos

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

Countries That Use Australian Dollar (AUD) as their official currency

The Australian Dollar (AUD) is used as the main currency in the following countries: Australia, Cocos (Keeling) Islands, Kiribati, Nauru, Tuvalu

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 Australian Dollar (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 Australian Dollar (AUD)

The AUD - Australian Dollar - is the official currency of Australia, including its external territories like Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. The AUD is also used by several independent Pacific Island nations, including Kiribati, Nauru, and Tuvalu. Known by its symbol '$', and often abbreviated as 'A$', the Australian Dollar is subdivided into 100 smaller units called 'cents.' The AUD has become one of the world’s most traded currencies, reflecting the strength and stability of Australia's economy.

The Australian Dollar was introduced on February 14, 1966, replacing the Australian Pound, which was linked to the British Pound. The introduction of the decimal-based Dollar marked a significant shift in Australia’s financial system, streamlining commerce and aligning the currency more closely with other major economies that were already using decimal systems. The AUD initially maintained a fixed exchange rate under the Bretton Woods system, but in 1983, it transitioned to a free-floating currency. This move reflected Australia’s growing integration into the global economy and marked the beginning of its journey as a key player in international finance.

Australia is known for its abundance of natural resources, including coal, iron ore, gold, and natural gas, which makes the AUD a commodity-linked currency. The value of the AUD often moves in tandem with global commodity prices, particularly those related to minerals and agricultural products. This connection to commodities makes the AUD a popular currency for traders looking to capitalize on the ups and downs of global markets, particularly in relation to resource-driven economies.

The Reserve Bank of Australia (RBA) is responsible for issuing and regulating the currency, and it plays a critical role in maintaining the stability of the AUD. Australia was among the first countries in the world to introduce polymer banknotes, beginning in 1988. These banknotes, which are now used across all denominations, feature advanced security features and are known for their durability and resistance to counterfeiting. The banknotes depict important figures from Australia’s history, including Dame Nellie Melba, an internationally renowned opera singer, and David Unaipon, an Aboriginal inventor and author, as well as iconic Australian landmarks and native wildlife.

The coins are available in denominations of 5, 10, 20, and 50 cents, as well as 1 and 2 dollars. They depict symbols of national heritage, such as the kangaroo and the emu, both of which are significant to Australia’s identity. The reverse sides of the coins often feature commemorative designs that celebrate Australian culture, history, and achievements.

The Australian Dollar is widely accepted throughout the country and plays a vital role in both domestic and international trade. Due to Australia's proximity and strong economic ties with the Asia-Pacific region, the AUD is also widely used in financial transactions involving countries like China, Japan, and South Korea. The currency is often regarded as a barometer for global risk appetite, with its value typically rising during times of global economic optimism and falling during periods of uncertainty.

Tourists visiting Australia will find that the AUD is used everywhere, from bustling city centers to remote outback regions. The currency's colorful banknotes and distinct coins are not only practical but also serve as a representation of Australia’s rich cultural tapestry and natural beauty. The Australian Dollar remains a symbol of the country's economic resilience, adaptability, and active participation in the global marketplace.

Australian Dollar (AUD) Frequently Used Conversions