The Philippine Peso, or PHP, is the official currency of the Philippines. Its story begins in the colonial era, when silver coins were widely used for trade across the islands.

Over time, these older coins gave way to a single national currency. The peso became the money used across the country.

The Bangko Sentral ng Pilipinas is the main authority for issuing notes and managing the currency today. It took on this role in 1993.

The peso trades on a floating exchange rate. Its value moves with economic news, inflation, and global trade. The ₱ symbol is widely recognized, and amounts are divided into smaller units called centavos.

Newer notes belong to the New Generation Currency series. They feature national heroes and natural landmarks, with a polymer note introduced in recent years.

Today, the peso is the currency that families across the Philippines receive from relatives working abroad. For most senders, the final amount that arrives is what counts.

With ZoltMoney, you can send money to the Philippines online in a few simple steps and see exactly how many pesos your family will receive.