Guide on the Peso-Dollar Exchange Rate Today December 23, 2019 (Monday)
PESO-DOLLAR EXCHANGE RATE – Here is a guide on the exchange rates between the Philippine Peso and the United States (US) Dollar today, December 23, 2019 (Monday).
A lot of Filipinos go to money exchange centers every day to covert the money sent by their loved ones abroad to Philippine Peso. Undeniably, a lot of Pinoys went abroad in the pursuit of earning more and being able to give their families a better future.
One of the things that encourage Filipinos to go abroad and work is the thinking that the value of the money that they will earn there may be several folds when sent to their loved ones in the Philippines. Let us take for example the Euro. One Euro-dollar usually do not fall below Php 50.00.
Aside from Europe, another foreign country where there are a lot of Filipinos working is the United States. In fact, there are several Pinoys who are already permanent residents in US. Also, the exchange rate is undeniably promising to those who wanted to give their families a better life.
With regards to the exchange rate between the Philippine Peso and the United States Dollar, it usually does not fall below Php 49.00. You can have your money converted at the remittance centers, money exchange centers, or banks.
One of the banks that offer conversion services is the Landbank of the Philippines. The government has posted different rates for buying and selling. For today, December 23, 2019 (Monday), here is the Philippine Peso-US Dollar exchange rate for buying and selling:
- For buying, $1.00 is equal to Php 50.50.
- For selling, $1.00 is equal to Php 51.00.
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