1200 Philippine Peso (PHP) to US Dollar (USD)
Exchange Rate
As of the current exchange rate, 1 Philippine Peso (PHP) is equivalent to approximately 0.020 US Dollar (USD). Based on this rate, we can calculate the value of 1200 PHP in USD.
Conversion Calculation
1200 PHP × 0.020 USD/PHP = 24 USD
So, 1200 Philippine Peso is approximately equal to 24 US Dollar.
Historical Exchange Rate
The exchange rate between PHP and USD can fluctuate constantly due to various economic factors. Here is a brief overview of the exchange rate history:
- 1 year ago: 1 PHP ≈ 0.021 USD
- 6 months ago: 1 PHP ≈ 0.0205 USD
- 1 month ago: 1 PHP ≈ 0.0195 USD
- Current rate: 1 PHP ≈ 0.020 USD
Factors Affecting Exchange Rate
Several factors can influence the exchange rate between PHP and USD, including:
- Inflation rate: Changes in inflation rates in both countries can affect the exchange rate.
- Interest rates: Interest rate changes by central banks can impact the exchange rate.
- Trade balance: The trade balance between the Philippines and the US can influence the exchange rate.
- Geopolitical events: Political and economic events can cause fluctuations in the exchange rate.
Keep in mind that these rates can change frequently, and it's essential to check the current exchange rate before making any conversions or transactions.
I hope this information helps! Let me know if you have any further questions.
