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The Philippine peso, also referred to by its Filipino name piso (Philippine English: / ˈ p ɛ s ɔː / PEH-saw, / ˈ p iː-/ PEE-, plural pesos; Filipino: piso [ˈpisɔː, ˈpɪsɔː]; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 sentimo, also called centavos.
Relative Purchasing Power Parity is an economic theory which predicts a relationship between the inflation rates of two countries over a specified period and the movement in the exchange rate between their two currencies over the same period.
The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD). [citation ...
The Australian dollar has broken through the 0.73 level, and by extension the 61.8% Fibonacci retracement level. AUD/USD Price Forecast – Australian Dollar Breaks Through Another Level Skip to ...
Due to the nature of commodity currencies being tied to commodities, being tied to any one good can be beneficial as well as problematic for the country.While falling or rising exports will lead to deflation or inflation respectively in any country, the impacts are more severe in countries with commodity currencies, as their currencies are so heavily tied to a set few commodities.
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency.
Philippine peso ₱ PHP Sentimo: 100 Pitcairn Islands: New Zealand dollar $ NZD Cent: 100 Pitcairn Islands dollar [E] $ (none) Cent: 100 Poland: Polish złoty: zł PLN Grosz: 100 Portugal: Euro € EUR Cent: 100 Qatar: Qatari riyal: QR QAR Dirham: 100 Romania: Romanian leu: Leu or Lei (pl.) RON Ban: 100 Russia: Russian ruble ₽ RUB Kopeck: 100 ...
Purchasing power parity (PPP) [1] is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currencies.