Guide on the Peso-Dollar Exchange Rate Today, December 19, 2019 – Thursday
PESO-DOLLAR EXCHANGE RATE – Here is the exchange rate of the Philippine Peso and the United States (US) Dollar today, December 19, 2019 (Thursday).
Undeniably, a lot of Filipinos are working abroad so they can earn well and send money to their loved ones in the Philippines. They ventured all the risks to be able to give their loved ones a better life in the country.
Usually, the money is sent through a remittance center. There are also those who would send it through their bank accounts so there would lesser charges. These hard-earned money is often intended for the monthly expenses inside the house like the food expenses, the electricity bills, the water bills, the allowance of kids, etc.
If the family receives an exact dollar amount every month, like for example $200.00 monthly, there may be times that it will fit the expenses and times that it will fall short. Why? It is because the exchange rate is not stable.
One of the country currency matches with a high exchange rate is the Philippines’ Peso and the Dollar of the United States. Usually, $1.00 may not fall below the equivalent of Php 49.00. If it goes higher than it, the family will also have an extra but if it goes lower, the family may fall short of the budget for the month.
One of the banks that also offer conversion services aside from money exchange centers is the Landbank of the Philippines. It has separated the rate for buying and as well as selling. For today, December 19, 2019, here is the Peso-Dollar exchange rate for buying and also the rate for selling:
- For buying, the exchange rate is Php 50.35 for every $1.00
- For selling, the exchange rate is Php 50.85 for every $1.00
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