Philippine Peso

Philippine Peso

The Philippine peso, also referred to by its Filipino name piso (Philippine English: , , plural pesos; Filipino: piso [ˈpiso, pɪˈso]; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 centavos or sentimos in Filipino. As a former colony of the United States, the country used English on its currency, with the word "peso" appearing on notes and coinage until 1967. Since the adoption of the usage of the Filipino language on banknotes and coins, the term "piso" is now used. From September 2017 to 2 August 2018, the ISO 4217 standard referred to the currency by the Filipino term "piso". It has since been changed back to "peso".The peso is usually denoted by the symbol "₱". Other ways of writing the Philippine peso sign are "PHP", "PhP", "Php", or just "P". The "₱" symbol was added to the Unicode standard in version 3.2 and is assigned U+20B1 (₱). The symbol can be accessed through some word processors by typing in "20b1" and then pressing the Alt and X buttons simultaneously. This symbol is unique to the Philippines as the symbol used for the peso in countries like Mexico and other former colonies of Spain in Latin America is "$".Banknotes and coins of the Philippines are minted and printed at the Security Plant Complex of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) in Quezon City.

Chinese Yuan Renminbi

Chinese Yuan Renminbi

The renminbi (Ab.: RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, and 5th by 2015.On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).

7 Philippine Peso to Chinese Yuan Renminbi exchange rates chart

7 PHP to CNY exchange rates graph
7 PHP to CNY Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

7 PHP to CNY exchange rates table

Exchange PHP to CNY
7 Philippine Peso = 0.915 Chinese Yuan Renminbi
14 Philippine Peso = 1.830 Chinese Yuan Renminbi
35 Philippine Peso = 4.576 Chinese Yuan Renminbi
70 Philippine Peso = 9.151 Chinese Yuan Renminbi
Exchange Philippine Peso to Chinese Yuan Renminbi
7 Philippine Peso to Chinese Yuan Renminbi Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best PHP/CNY rate at Bank of China in Shanghai

7 PHP to CNY exchange rates at Bank of China in Shanghai
7 Philippine Peso = 0.883 Chinese Yuan Renminbi
Bank of China
Bank of China

Bank of China was formally established in February 1912 following the approval of Dr. Sun Yat-sen. From 1912 to 1949, the Bank served consecutively as the country’s central bank, international exchange bank and specialised international trade bank. Fulfilling its commitment to serving the public and developing China’s financial services sector, the Bank rose to a leading position in the Chinese financial industry and developed a good standing in the international financial community, despite...

Best PHP/CNY rate at Metrobank in Quezon City

7 PHP to CNY exchange rates at Metrobank in Quezon City
7 Philippine Peso = 0.908 Chinese Yuan Renminbi
Metrobank
Metrobank

Metropolitan Bank and Trust Company Headquarters: Metrobank Plaza, Sen. Gil J. Puyat Avenue, Makati City. (632) 8700 - 700 Metrobank is a leading financial conglomerate with diversified business portfolio including: investment banking, thrift banking, leasing and financing, bancassurance, and credit cards. Offers full range banking services to large local and multinational corporations, middle market and SMEs, high net-worth individuals and retail segment. Established in 1962 to provide...

Best PHP/CNY rate at Security Bank in Quezon City

7 PHP to CNY exchange rates at Security Bank in Quezon City
7 Philippine Peso = 0.897 Chinese Yuan Renminbi
Security Bank
Security Bank

Security Bank has always prioritized two elements: our customers and our people. Our new symbol, “Perfect Harmony”, is a modernized yin-yang symbol depicting these two parts working and coming together. The blue is the renewed Security Bank. A shade more vibrant than the bank’s original color, it represents our change as a company while acknowledging the values that have brought us all our success so far. To emphasize our new attitude, we introduced green, representing our desire to put...

Best PHP/CNY rate at Robinsons Bank in Quezon City

7 PHP to CNY exchange rates at Robinsons Bank in Quezon City
7 Philippine Peso = 0.886 Chinese Yuan Renminbi
Robinsons Bank
Robinsons Bank

Robinsons Bank, the financial services arm of the JG Summit Group of companies, is one of the fastest growing commercial banks in the Philippines in terms of capitalization and asset size. The bank is 60.0% owned by JG Summit Capital Services Corp. and 40.0% owned by Robinsons Retail Holdings, Inc., a listed company since November 2013. Company Overview Robinsons Bank is a full-service Philippine commercial bank which delivers hallmark value and convenience to its customers, business...

7 PHP to CNY exchange rates news

Cigarette price at P20 per stick can stop youth from smoking | Philippine Canadian Inquirer
Cigarette price at P20 per stick can stop youth from smoking | Philippine Canadian Inquirer

Studies show that smoking or tobacco use remains to be the biggest preventable cause of death, disabilities and diseases across nations.

indicative neutral
Repeating 2018 budget ‘will hurt Philippine people’
Repeating 2018 budget ‘will hurt Philippine people’

RE-ENACTING the 2018 national budget for next year will not only slow down economic growth as government spending gets reduced, but will also lead to job losses and push hundreds of thousands to poverty.

conditional neutral
Local markets retreat on risk-on sentiment

MANILA -- Geo-political uncertainties continue to worry investors resulting in the drop of the Philippine Stock Exchange index (PSEi) and the weakness of the peso during the week's first trading day.The local currency ended the day at 52.8 from 52.71 Friday last week.The Bank of the Philippine...

indicative negative
Palace sees better business, consumer optimism in coming months | Philippine Canadian Inquirer
Palace sees better business, consumer optimism in coming months | Philippine Canadian Inquirer

Malacañang is confident that business and consumer confidence will go up in the coming months as prices of goods are already stabilizing.

conditional neutral
DTI sees prices of goods easing in Q1 2019

MANILA -- Trade Secretary Ramon Lopez expects prices of goods to continue to decline in the first quarter of 2019 due to the decreasing oil prices and strengthening of the Philippine peso.Lopez said although prices have decreased following the easing of inflation rate at 6 percent last month,...

subjunctive negative
Tesla says cuts price for Model X, S in China

BEIJING/SHANGHAI (Reuters) - Tesla Inc is...

conditional neutral

7 PHP to CNY currency converter