1 Brazilian Real to Philippine Pesos

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

Countries That Use Brazilian Real (BRL) as their official currency

The Brazilian Real (BRL) is used as the main currency in the following countries: Brazil

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 Brazilian Real (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 Brazilian Real (BRL)

The BRL - Brazilian Real - is the official currency of Brazil, the largest country in South America. The Real, symbolized by 'R$,' is subdivided into 100 centavos. It is a fundamental part of Brazil’s vibrant economy, which is characterized by a mix of agriculture, industry, and services. The name 'Real' means 'royal' in Portuguese, reflecting Brazil’s colonial history. The plural form of Real is 'reais,' pronounced as 'hey-ice.' The currency is crucial to daily transactions across the country and represents Brazil's dynamic economic landscape.

The modern Real was introduced on July 1, 1994, as part of the 'Plano Real,' a comprehensive economic reform aimed at combating hyperinflation, which had plagued Brazil for years. The introduction of the Real was a pivotal moment in Brazilian history, bringing stability to the national economy after several failed currencies, such as the Cruzeiro and Cruzeiro Real. The Plano Real successfully anchored the currency to the US Dollar initially, instilling confidence among Brazilian citizens and international investors. Although the peg was later abandoned in 1999, the Real has remained a symbol of economic resilience.

Today, the Real is a free-floating currency, with its value determined by market conditions. The Brazilian economy, being one of the largest in Latin America, significantly influences the value of the Real. Brazil's diverse economic base includes industries such as agriculture, mining, energy, and manufacturing, and the currency’s value is often linked to global commodity prices. Brazil is a major exporter of commodities like soybeans, coffee, iron ore, and oil, and fluctuations in these markets can affect the exchange rate of the Real. As a result, the BRL is considered a commodity-linked currency, and its value is sensitive to changes in global demand for raw materials.

The Central Bank of Brazil (Banco Central do Brasil) is responsible for issuing and regulating the Real, maintaining the currency’s stability, and setting monetary policies to control inflation and support economic growth. The Real is issued in both coin and banknote forms. Coins are available in denominations of 5, 10, 25, and 50 centavos, as well as 1 Real. Banknotes come in values of 2, 5, 10, 20, 50, 100, and 200 reais. The banknotes are known for their vibrant colors and designs, featuring notable Brazilian figures, such as Heitor Villa-Lobos, and important elements of Brazil’s natural heritage, including various species of native wildlife like the jaguar and the golden lion tamarin.

The Brazilian Real plays a central role in the country’s domestic economy, being used in all aspects of daily life, from small transactions in local markets to major real estate deals. Tourism is also an important sector, with the Real being the currency visitors use while exploring Brazil’s famous attractions, such as the Amazon Rainforest, the beaches of Rio de Janeiro, and the cultural heritage sites of Salvador. The colorful banknotes and coins serve as a reminder of Brazil’s cultural diversity and natural beauty, which are central to the country’s identity.

Despite economic challenges, including periods of high inflation and political uncertainty, the Brazilian Real remains a symbol of the country’s ability to adapt and persevere. Brazil’s government has made efforts to maintain economic stability, attract foreign investment, and support the development of industries that contribute to the country's growth. The Real, as a representation of this ongoing economic journey, continues to be a vital component of Brazil’s national identity, resilience, and aspirations for the future.

Brazilian Real (BRL) Frequently Used Conversions