1 Australian Dollar to Philippine Peso: Exchange Rate and More
Are you planning a trip to the Philippines from Australia or simply interested in learning about the exchange rate between the Australian dollar (AUD) and the Philippine peso (PHP)? Look no further! In this article, we'll delve into the current exchange rate, the history of the currencies, and provide you with some useful tips on exchanging your money.
Current Exchange Rate
As of the current date, the exchange rate is approximately:
1 AUD = 37.50 PHP
Please note that exchange rates can fluctuate rapidly, so it's essential to check the current rate before exchanging your money.
History of the Currencies
Australian Dollar (AUD)
The Australian dollar is the official currency of Australia, introduced in 1966 to replace the Australian pound. It's subdivided into 100 cents and is one of the most traded currencies in the world.
Philippine Peso (PHP)
The Philippine peso is the official currency of the Philippines, introduced in 1901 to replace the Spanish dollar. It's subdivided into 100 centavos.
Exchange Rate History
The exchange rate between the AUD and PHP has fluctuated over the years. In recent years, the AUD has strengthened against the PHP, making it a relatively good time for Australians to exchange their money.
Historical Exchange Rate Chart
Here's a rough outline of the exchange rate over the past few years:
| Year | Exchange Rate (1 AUD to PHP) |
|---|---|
| 2018 | 35.50 PHP |
| 2019 | 36.50 PHP |
| 2020 | 37.00 PHP |
| 2022 | 37.50 PHP |
Tips for Exchanging Your Money
When exchanging your AUD to PHP, keep the following tips in mind:
- Compare exchange rates: Research and compare exchange rates offered by different banks and currency exchange services to get the best deal.
- Avoid airports and hotels: Exchange rates tend to be less favorable at airports and hotels, so it's best to exchange your money at a bank or currency exchange service.
- Use ATMs: Withdrawing PHP from an ATM using your AUD debit/credit card can be a convenient and cost-effective option.
Conclusion
In conclusion, the exchange rate between the Australian dollar and the Philippine peso is an important factor to consider when traveling or conducting business between the two countries. By understanding the current exchange rate and being mindful of the tips mentioned above, you can make the most of your money. Happy travels!
