Exchange Rate Of Canadian Dollar To Philippine Peso Today
Are you planning to travel to the Philippines or are you a Filipino living in Canada who wants to keep track of the exchange rate between the Canadian Dollar (CAD) and the Philippine Peso (PHP)? In this article, we will provide you with the latest update on the exchange rate of Canadian dollar to Philippine peso today.
What is an Exchange Rate?
Before we dive into the exchange rate between CAD and PHP, let us first understand what an exchange rate is. An exchange rate is the value of one currency in relation to another currency. It is the rate at which one currency can be exchanged for another currency.
Factors Affecting Exchange Rate
Exchange rates are determined by the foreign exchange market, which is influenced by various factors such as political stability, economic conditions, trade balance, inflation rate, and interest rates.
Canadian Dollar to Philippine Peso Exchange Rate Today
As of today, the exchange rate of Canadian dollar to Philippine peso is 1 CAD = 38.47 PHP. This means that if you exchange 1 Canadian dollar, you will get 38.47 Philippine pesos in return. This exchange rate is updated regularly and is subject to change depending on various factors affecting the foreign exchange market.
Historical Exchange Rate
If you want to track the historical exchange rate between CAD and PHP, you can check the charts and graphs available online. This will give you an idea of how the exchange rate has fluctuated over time and help you make informed decisions when exchanging currencies.
Where to Exchange CAD to PHP?
If you are in Canada and want to exchange your CAD to PHP, you can go to any authorized foreign exchange dealer or bank. You can also exchange your CAD to PHP when you arrive in the Philippines at the airport, banks, or money exchange centers.
Tips for Exchanging Currencies
Here are some tips to keep in mind when exchanging currencies:
- Compare exchange rates from different dealers to get the best deal.
- Avoid exchanging currencies at the airport or tourist areas as they usually have higher exchange rates.
- Be aware of hidden fees and charges when exchanging currencies.
- Always count the money you receive and check for counterfeit bills.
Conclusion
Keeping track of the exchange rate between CAD and PHP is important if you are planning to travel or do business between Canada and the Philippines. Always be aware of the current exchange rate and follow the tips for exchanging currencies to get the best deal.