It has grown to be the most stable, trusted and safest money exchange dealer In Metro Manila and is a proud member of the Foreign Exchange Buyers Association of the Philippines. GC is leader in the field of binary options and derivatives trading CFD. In , the CBP adopted the Filipino language on its currency, using the name Bangko Sentral ng Pilipinas, and in introduced the "Pilipino Series" of notes in denominations of 1, 5, 10, 20, 50 and piso. Turkey has never really been the most expensive place to go on holiday but at the moment it is particularly good value because of the Turkish lira exchange rate which has got It is the flagship company of the Czarina Group.
PHP to SGD currency converter. Get live exchange rates for Philippines Piso to Singapore Dollar. Use XE's free calculator to convert foreign currencies and precious metals.
In desperation, then-President Diosdado Macapagal demonetized the old silver coins and floated the currency. The peso has been a floating currency ever since, which means that the currency is a physical representation of the domestic debt and whose value directly tied to people's perception of the stability of the current regime and its ability to repay the debt.
In , coinage adopted Filipino language terminology instead of English, banknotes following suit in Consecutively, the currency terminologies as appearing on coinage and banknotes changed from the English centavo and peso to the Filipino sentimo and piso. However, centavo is more commonly used by Filipinos in everyday speech. The smallest currency unit is called centavo in English from Spanish centavo.
The American government deemed it more economical and convenient to mint silver coins in the Philippines, hence, the re-opening of the Manila Mint in , which produced coins until the Commonwealth Era. In , coin designs were changed to reflect the establishment of the Commonwealth. Minting resumed in , including production of centavo coins.
Due to the large number of coins issued between and , coins were not minted again until In , new coinage entirely of base metal was introduced, consisting of bronze 1 centavo, brass 5 centavos and nickel-brass 10, 25 and 50 centavos. In , the coinage was altered to reflect the use of Filipino names for the currency units. One-peso coins were introduced in In , the Ang Bagong Lipunan Series was introduced with a new 5-peso coin included.
Aluminium replaced bronze, and cupro-nickel replaced nickel-brass that year. The Flora and Fauna series was introduced in which included 2-peso coins. The sizes of the coins were reduced in , with production of centavo and 2-peso coins ceasing in The current series of coins was introduced in , with peso coins added in Denominations below 1 peso are still issued but are not in wide use.
In December , House Resolution No. In , the Central Bank of the Philippines took over paper money issue. Its first notes were overprints on the Victory Treasury Certificates. These were followed in by regular issues in denominations of 5, 10, 20 and 50 centavos, 1, 2, 5, 10, 20, 50, , and pesos. The centavo notes except for the centavo note, which would be later known as the half-peso note were discontinued in when the English Series coins were first minted.
In , the CBP adopted the Filipino language on its currency, using the name Bangko Sentral ng Pilipinas, and in introduced the "Pilipino Series" of notes in denominations of 1, 5, 10, 20, 50 and pesos. The "Ang Bagong Lipunan Series" was introduced in and included 2-peso notes.
A radical change occurred in , when the CBP issued the "New Design Series" with peso notes introduced in , 1,peso notes for the first time in and peso notes in The "New Design Series" was the name used to refer to Philippine banknotes issued from to It was succeeded by the "New Generation Currency" series issued on December 16, Existing banknotes remained legal tender until the start of the demonetization process on January 1, The bills were originally to be demonetized by January 1, ,       but the deadline for exchanging the old banknotes was extended twice, on June 30, and December 29, In , Bangko Sentral ng Pilipinas BSP announced that it has launched a massive redesign for current banknotes and coins to further enhance security features and improve durability.
The new banknote designs feature famous Filipinos and iconic natural wonders. Philippine national symbols will be depicted on coins. The BSP started releasing the initial batch of new banknotes in December Several, albeit disputable, errors have been discovered on banknotes of the New Generation series and have become the subject of ridicule over social media sites.
Among these are the exclusion of Batanes from the Philippine map on the reverse of all denominations, the mislocation of the Puerto Princesa Subterranean Underground River on the reverse of the peso bill and the Tubbataha Reef on the peso bill, and the incorrect coloring on the beak and feathers of the blue-naped parrot on the peso bill,   but these were eventually realized to be due to the color limitations of intaglio printing.
By February , the BSP started to circulate new peso bills which were modified to have a stronger mauve or violet color. In the s, the exchange rate was 2 pesos against the U. The fluctuating free rate was abolished in , resulting in 3.
Several devaluations were followed, with the peso trading at 18 per dollar in from the dirty float at In the early s, the peso devalued again to 28 per dollar. Due to the Asian financial crisis , the peso devalued from 29 per dollar in July to The error was only found out after 2 million of the notes were circulated and the BSP had ordered an investigation. By August , it became publicly known that the 1-peso coin has the same size as the 1 United Arab Emirates dirham coin.
Similar frauds have also occurred in the US, as the 1-peso coin is roughly the same size as the quarter but as of [update] is worth slightly less than 2 U. Newer digital parking meters are not affected by the fraud, though most vending machines will accept them as quarters.
The coin was sold for up to PHP 1,, The holder of the said coin was interviewed by Kapuso Mo, Jessica Soho about this, but the BSP said that it did not release any coin of the said design. The BSP also mentioned that the coin is thinner than the circulating coin which gives the possibility that someone might have tampered it and replaced it with a different design.
In December , a peso banknote which had no face of Manuel A. Roxas and no electrotype was issued. The Facebook post was shared over 24, times.
The BSP said that the banknotes are due to a rare misprint. In June , a Facebook page posted a 10,peso note with a portrait of President Ramon Magsaysay on the front and a water buffalo and Mount Pinatubo on the back.
The Bangko Sentral ng Pilipinas did not issue this banknote and stressed that only 6 denominations are in current circulation , , , , and pesos. The Facebook page of the BSP said that it was fake. In September , the value of Philippine peso dropped from P54 to a dollar. This is the lowest it has been in almost 13 years due to an ongoing rout against emerging market currencies and a stubbornly high local inflation rate.
On the foreign exchange market , the peso ended the trading session at P From Wikipedia, the free encyclopedia. History of Philippine money. Coins of the Philippine peso. Banknotes of the Philippine peso. Philippines portal Numismatics portal. Retrieved 15 July Bangko Sentral ng Pilipinas.
Retrieved on 13 October A brief history of coinage in the Philippines. The Fundamental Laws of the Philippine Currency reform". Retrieved February 6, So Help Us God: Retrieved 2 February Retrieved 27 August The Official Language of Palawan. University of Hawaii Press. Archived from the original on February 6, Banknote Error - "Arrovo" on Peso Banknote".
At this point it would be useful to learn about currency codes. That said, if you want to query multiple rates you could enter comma separated values like this: But here our objective is to demonstrate how to read that data using PHP and return it as an array or a standard class objects.
Building the PHP Solution Our objective is to develop a solution that would offer the following options: Lookup or query multiple currencies 2. Output the results as either an associative array or a standard class object.
At this point I should explain that each line of data would be returned as an array with numerical keys. So the first step in building the solution is to find a way of exchanging the numerical keys with something more useful.
Adding Useful Array Keys To address this issue we will first create a way to change the numeric keys to some useful values. This helps us crate our associative array later on, and it also makes more sense if we convert the results to a standard class object.
This pair of functions would do that very nicely. We now turn to the function that really puts this solution into gear, and delivers our desired results. Loop through the targets and perform lookup on Yahoo!
Those comments should pretty much explain what it does, and how. Just put this function together with the others, stick them into your web project and you have the complete setup to grab those exchange rates.
Now let us look at a typical implementation and the parameters we can pass to our function. The currency code of your choice, and for which you wish to get exchange rates. Add additional target currencies if desired. This determines whether to output associative array or standard class object. And there you go! I hope you find this useful for your projects, and have fun getting those exchange rates. Here is a somewhat more complete set of currencies Yahoo finance API is not available anymore.
I have moved to MarketXLS after this change, much more reliable data. I'll have to take at MarketXLS, and maybe do some refactoring then.
Thanks for your comment. I found a free alternative in case anyone cares:
Singapore Dollar rate over the past 90 days
SGD to PHP currency converter. Get live exchange rates for Singapore Dollar to Philippines Piso. Use XE's free calculator to convert foreign currencies and precious metals. Currency converter to convert from Singapore Dollar (SGD) to Philippine Peso (PHP) including the latest exchange rates, a chart showing the exchange rate history for the last days and information about the currencies. Singapore Dollar To Philippine Peso Exchange Rate Today conducted by professional foreign exchange companies, Here you will know about the current SGD To PHP Rate Today or what is the best Singapore Dollar To Philippine Piso Rate Today.