Table Of 1 Us Dollar To Philippine Peso Exchange Rate
Introduction
Are you planning to travel to the Philippines or do business with Filipinos? Knowing the exchange rate of the Philippine peso to US dollar can help you make informed decisions on money matters. In this article, we will provide you with the latest table of 1 US dollar to Philippine peso exchange rate.
What is Exchange Rate?
Exchange rate refers to the value of one currency in relation to another currency. It is the rate at which one currency can be exchanged for another currency. Exchange rates are determined by the foreign exchange market, which is the market where currencies are bought and sold.
Factors that Affect Exchange Rate
Exchange rates are influenced by a variety of factors, including:
- Interest rates
- Inflation rates
- Political stability
- Economic performance
- Government debt
- Terms of trade
Table of 1 US Dollar to Philippine Peso Exchange Rate
Below is the table of 1 US dollar to Philippine peso exchange rate:
| Date | Exchange Rate |
|---|---|
| June 1, 2021 | 48.01 |
| June 2, 2021 | 48.02 |
| June 3, 2021 | 48.04 |
| June 4, 2021 | 48.07 |
| June 5, 2021 | 48.09 |
How to Calculate Exchange Rate
To calculate the exchange rate, you need to divide the value of one currency by the value of another currency. For example, to calculate the exchange rate of 1 US dollar to Philippine peso, you need to divide 1 by the current exchange rate. Using the current exchange rate of 48.09, the calculation would be:
1 USD ÷ 48.09 PHP = 0.0208 USD/PHP
Why Exchange Rate Matters
Exchange rate is important because it affects international trade, investment, and tourism. A weak currency can make exports cheaper and boost the economy, while a strong currency can make imports cheaper and reduce inflation. Exchange rate can also affect the profitability of businesses that operate in multiple countries.
Conclusion
Knowing the exchange rate of the Philippine peso to US dollar is important for anyone who wants to travel to the Philippines or do business with Filipinos. The table of 1 US dollar to Philippine peso exchange rate provided in this article can help you make informed decisions on money matters. Exchange rates are influenced by a variety of factors, and it is important to understand how they work to make informed decisions.