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Pick up locally
With over 20 convenient store locations across New Zealand, you can securely pick up your Philippine Pesos with no hassles.
About the currency
Coins and notes
The Philippine peso is the only official currency of the Philippines. It’s subdivided into 100 centavos, with coins available in 1c, 5c, 10c, 25c, 50c and $1, $5 and $10 denominations. Philippine banknotes are circulated in $5, $10, $20, $50, $100, $200, $500 and $1,000 denominations.
Facts about the currency
- The smallest currency unit is called ‘centavo’ in Philippine English. Following the adoption of the “Pilipino series” in 1967, it became officially known as “sentimo” in Filipino.
- In 2009, Bangko Sentral ng Pilipinas (BSP) announced that it had launched a massive redesign for current banknotes and coins to further enhance security features and improve durability.
- In the 1950s, the exchange rate was 2 pesos against the US dollar. The fluctuating free rate was abolished in 1965 and several devaluations followed.
- A 10% service charge is automatically added to the bill at some restaurants, but leaving a little extra tip is always appreciated.
- Travellers entering the Philippines are limited to taking up to 10,000 pesos without prior authority from the Bangko Sentral ng Pilipinas (the central bank of the Philippines). The same restriction applies when you leave. If you’re carrying any foreign currency in excess of US 10,000, it must be declared.
Check out the chart to see how the New Zealand dollar has performed against the Philippine Peso over time. To keep up to date with any changes to the PHP exchange rate, you can sign up to receive currency alerts.