The lowdown on the Philippine peso
The Philippine peso has a long history dating back to the Spanish colonial period. Modern Philippine currency is issued by the Bangko Sentral ng Pilipinas, the country’s central bank.¹
Today, Philippine peso banknotes feature important historical figures, landmarks and native wildlife from across the country.
Fun facts about Philippine peso banknotes
- The Philippines was the first country in Southeast Asia to introduce polymer banknotes²
- The ₱1,000 note is the country’s highest-value commonly circulated banknote
- Modern banknotes feature Filipino heroes, wildlife and natural landmarks
- The Philippine peso currency symbol is “₱”
Cash is still widely used in the Philippines
While card payments and digital wallets are becoming more common, cash remains important across many parts of the Philippines — especially in:
- Local markets and smaller shops
- Regional towns and islands
- Public transport and taxis
- Street food vendors and independent restaurants
Carrying Philippine peso cash can help you avoid payment issues while travelling.
Need travel money before your trip? You can order Philippine peso online for home delivery or click and collect.
Historic Australian dollar to Philippine peso rates
The Philippine peso is one of Southeast Asia’s most actively traded currencies. Over time, the AUD to PHP exchange rate has experienced periods of both stability and volatility driven by economic conditions, commodity prices and global market sentiment.³
Recent AUD to PHP trends
- Over the past year, the AUD/PHP exchange rate has generally traded within the mid-30 to mid-40 peso range
- Historically, the Australian dollar strengthened significantly against the Philippine peso during the early 2010s
- Exchange rate movements are often influenced by interest rates, inflation, tourism demand and global investor confidence
What impacts the AUD to PHP exchange rate?
The Australian dollar and Philippine peso can be influenced by:
- Interest rate changes in Australia and the Philippines³
- Inflation and economic growth
- Global market conditions and investor confidence
- Tourism demand and overseas remittances
- Commodity prices and trade performance
Why does the Philippine peso fluctuate?
Demand for Philippine pesos can increase during popular travel periods, including:
- Christmas and holiday travel periods
- Australian school holidays
- Peak tourism seasons across the Philippines
- Major festivals and cultural celebrations
Reviewing historical AUD/PHP exchange rate data can help travelers better understand long-term trends and seasonal currency fluctuations.
What countries use peso?
The peso is used as an official currency in several countries around the world, particularly across Latin America and the Philippines. Explore other popular peso currencies below.
Argentine peso
Chilean peso
Colombian peso
Mexican peso