Guide on Peso-Dollar Exchange Rate Today December 16, 2019 (Monday)
PESO-DOLLAR EXCHANGE RATE – Here is a guide on the exchange rate of the Philippine Peso and the United States (US) dollar today, December 16, 2019 (Monday).
Every day, a lot of Filipinos abroad are sending money to their loved ones in the Philippines. That is why Pinoys in the country also line up in money remittance centers and currency exchange establishments.
Many Filipinos undeniably work abroad to be able to send a huge amount of money to their families and loved ones in the country. Most of these overseas Filipino workers (OFWs) went through a lot in the hope of being able to give their loved ones a better life.
One of the countries where there are many Filipinos is the United States. A lot of Filipinos have even earned US citizenship for their years or decades of stay abroad.
With regards to the money that these Filipinos are sending their loved ones in the Philippines, its value is affected by the conversion rate between the Philippine peso and the US dollar.
Also, there are different rates for those who will convert their dollar to peso and those who will do otherwise – from peso to dollar. You can have them converted to another currency through money exchange centers or banks.
One of the banks that offer conversion of currencies is the Landbank of the Philippines, the primary government bank in the country. Here is a list of the peso-dollar exchange rate today, December 16, 2019 (Monday):
- Buying Rate – Php 50.35 for every $1.00
- Selling Rate – Php 50.85 for every $1.00
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.