A Short Money Guide


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The Philippine peso (Filipino: piso) is the official currency of the Philippines. It is divided into 100 centavos or mga sentimo.

The symbol used for the Philippine Peso is shown below.

Philippine Peso

Denominations

Notes


500 Peso Note
 


500 Peso Note
 


200 Peso Note
 


200 Peso Note
 


100 Peso Note
 


100 Peso Note
 


50 Peso Note
 


50 Peso Note
 


20 Peso Note
 


20 Peso Note
 


10 Peso Note
 


10 Peso Note
 
  • 1000 pesos
  • 500 pesos
  • 200 pesos
  • 100 pesos
  • 50 pesos
  • 20 pesos
  • 10 pesos¹
  • 5 pesos¹

     

    Coins


    10 Peso coins


    5 Peso coins


    2 Peso coins


    2 Peso coins


    1 Peso coins
       
  • 10 pesos
  • 5 pesos
  • 1 peso
  • 25 centavos
  • 10 centavos
  • 5 centavos
  • 1 centavo¹

    ¹ No longer printed but still legal tender.

    • History

    The peso has been a floating currency since the 1950s. This means that the value is dictated by market forces. In the 1960s, the value of the peso was 0.50 US dollars. From there, it quickly devalued to around 25 peso = 1 US dollar following the fall of Ferdinand Marcos' regime. It would continue devaluation until Fidel Ramos would assume the presidency. During the 1997-1998 Asian financial crisis, the peso lost its value to 40+ peso to the US dollar and then became 50+ peso to the US dollar during the economic crisis in the time of President Estrada.