![base info Book of Meme 2.0](https://img.bitgetimg.com/multiLang/coinPriceLogo/e57470388ee24cf9eeb87c018a5becfd1711598896425.png)
![BOME2](https://img.bitgetimg.com/multiLang/coinPriceLogo/e57470388ee24cf9eeb87c018a5becfd1711598896425.png)
PHP information
About the Philippine Peso (PHP)
What Is the Philippine Peso (PHP)?
The Philippine Peso, denoted as PHP (₱), is the official currency of the Philippines. It's subdivided into 100 centavos or sentimos in Filipino. The currency symbol is ₱, and it's also commonly abbreviated as "PHP," "PhP," "Php," or simply "P." The Philippine Peso is the sole legal tender in the Philippines, and it is used for all transactions within the country.
The Philippine Peso is issued by the Bangko Sentral ng Pilipinas (BSP), which is the central bank of the Philippines. Established on July 3, 1993, the BSP is responsible for maintaining price stability, ensuring the liquidity and solvency of the financial system, and promoting a balanced and sustainable economic growth in the country.
What Is the History of PHP?
The origins of the Philippine Peso trace back to the Spanish Peso or pieces of eight, introduced in the Philippines via the Manila galleons from the 16th to the 19th century. The pre-colonial Philippines engaged in barter trade, but the inconvenience led to the use of gold, which was abundant in the islands, as a medium of exchange. The earliest known local currency was the "Piloncitos" and gold barter rings.
During the Spanish Colonial period, the Spanish Dollar or silver peso was introduced. The Philippines also minted its own coins, such as the crude copper or bronze coins called "cuartos" or "barrillas." The Spanish gold onza and silver peso established a bimetallic standard, with the peso being worth either the silver Mexican peso or 1/16th of the gold onza.
Post-independence, the Philippines saw various currency reforms, including the introduction of the Central Bank of the Philippines in 1949 and the shift to a free-floating currency system with the New Central Bank Act of 1993.
Notes and Coins of PHP
Today, the Philippine Peso is available in both coins and banknotes. Coins come in denominations of 1, 5, 10, and 25 centavos, and 1, 5, 10, and 20 pesos. Banknotes are issued in 20, 50, 100, 200, 500, and 1,000 pesos. The latest banknote designs feature prominent Filipinos and iconic natural wonders. The BSP produces the country's banknotes and coins at its Security Plant Complex, which is located in Quezon City.
Exchange Rate and Economic Implications
The PHP has experienced fluctuations in its exchange rate, particularly against the US dollar (USD). Historically, it has ranged from below 48 PHP to over 56 PHP per USD. The exchange rate is influenced by various factors, including the Philippines' economic performance, trade balances, and global economic conditions.
Is the Philippine Peso Pegged to the US Dollar?
The Philippine Peso (PHP) currently operates under a floating exchange rate system and is not pegged to the US Dollar (USD). Historically, the PHP was pegged to the USD during the American colonial era and the post-World War II period. However, this changed following significant economic reforms, particularly after the enactment of the New Central Bank Act of 1993, which established the Bangko Sentral ng Pilipinas (BSP). Under the floating exchange rate regime, the value of the PHP is determined by market forces, including factors such as economic performance, inflation, and trade balances. While the BSP may intervene to manage excessive volatility in the currency market, it does not maintain a fixed exchange rate against the USD.
BOME2 to PHP conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
Bitget | ₱0.{4}7256 | 0.0200% / 0.0320% |
How to buy Book of Meme 2.0
Buy BOME2 (or USDT) for PHP (Philippine Peso) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
- - PHP - Flashsale ![]() ![]() 490 trades|Completion rate 100.00% | 52.5 PHP | Amount100 USDT Limit525 - 2625 PHP | ![]() ![]() ![]() | |
- - PHP - Flashsale ![]() ![]() 490 trades|Completion rate 100.00% | 58.2 PHP | Amount1000.42 USDT Limit600 - 2910 PHP | ![]() ![]() | |
C CRYPTO_plus100 ![]() ![]() 467 trades|Completion rate 100.00% | 58.3 PHP | Amount623.27 USDT Limit950 - 2912 PHP | ![]() ![]() ![]() ![]() ![]() ![]() | |
K KGX & JHEBLO ![]() ![]() 1322 trades|Completion rate 100.00% | 58.5 PHP | Amount333.31 USDT Limit120 - 2900 PHP | ![]() | |
B Bit get Verified ![]() ![]() 372 trades|Completion rate 100.00% | 58.5 PHP | Amount102.88 USDT Limit1 - 3000 PHP | ![]() ![]() ![]() |
Sell BOME2 (or USDT) for PHP (Philippine Peso) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
- - PHP - Flashsale ![]() ![]() 490 trades|Completion rate 100.00% | 58.38 PHP | Amount9009.98 USDT Limit100 - 500000 PHP | ![]() ![]() ![]() | |
B Bit get Verified ![]() ![]() 372 trades|Completion rate 100.00% | 58.28 PHP | Amount2951.09 USDT Limit2000 - 150000 PHP | ![]() ![]() ![]() | |
C Cryptwomania ![]() 421 trades|Completion rate 100.00% | 58.26 PHP | Amount189 USDT Limit1000 - 11011.14 PHP | ![]() | |
B BisdakTrader_01 ![]() 188 trades|Completion rate 97.00% | 58.26 PHP | Amount6000 USDT Limit1000 - 22969 PHP | ![]() | |
h hunter killua ![]() 178 trades|Completion rate 96.00% | 58.26 PHP | Amount1081.05 USDT Limit1000 - 20000 PHP | ![]() |
What factors influence the conversion rate of Book of Meme 2.0 to Philippine Peso?
Book of Meme 2.0 to Philippine Peso is falling this week.Conversion tables
The exchange rate of Book of Meme 2.0 is decreasing.BOME2 to PHP
PHP to BOME2
Today vs. 24 hours ago
Amount | 09:45 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 BOME2 | $0.{6}6222 | $0.{6}6493 | -3.47% |
1 BOME2 | $0.{5}1244 | $0.{5}1299 | -3.47% |
5 BOME2 | $0.{5}6222 | $0.{5}6493 | -3.47% |
10 BOME2 | $0.{4}1244 | $0.{4}1299 | -3.47% |
50 BOME2 | $0.{4}6222 | $0.{4}6493 | -3.47% |
100 BOME2 | $0.0001244 | $0.0001299 | -3.47% |
500 BOME2 | $0.0006222 | $0.0006493 | -3.47% |
1000 BOME2 | $0.001244 | $0.001299 | -3.47% |
Today vs. 1 month ago
Amount | 09:45 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 BOME2 | $0.{6}6222 | $0.{6}7924 | -18.39% |
1 BOME2 | $0.{5}1244 | $0.{5}1585 | -18.39% |
5 BOME2 | $0.{5}6222 | $0.{5}7924 | -18.39% |
10 BOME2 | $0.{4}1244 | $0.{4}1585 | -18.39% |
50 BOME2 | $0.{4}6222 | $0.{4}7924 | -18.39% |
100 BOME2 | $0.0001244 | $0.0001585 | -18.39% |
500 BOME2 | $0.0006222 | $0.0007924 | -18.39% |
1000 BOME2 | $0.001244 | $0.001585 | -18.39% |
Today vs. 1 year ago
Amount | 09:45 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 BOME2 | $0.{6}6222 | $-0.{6}1334 | 0.00% |
1 BOME2 | $0.{5}1244 | $-0.{6}2668 | 0.00% |
5 BOME2 | $0.{5}6222 | $-0.{5}1334 | 0.00% |
10 BOME2 | $0.{4}1244 | $-0.{5}2668 | 0.00% |
50 BOME2 | $0.{4}6222 | $-0.{4}1334 | 0.00% |
100 BOME2 | $0.0001244 | $-0.{4}2668 | 0.00% |
500 BOME2 | $0.0006222 | $-0.0001334 | 0.00% |
1000 BOME2 | $0.001244 | $-0.0002668 | 0.00% |
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