philippine peso

Thân thiện

A vendor hands a customer a few Philippine peso banknotes as change.

Definition

1. Noun:
   • The basic unit of money in the Philippines; equal to 100 centavos: The Philippine peso is the official currency of the Republic of the Philippines. It serves as the standard monetary unit for all transactions within the country.

Usage Examples

• Noun:
  • The price of the souvenir is one hundred Philippine pesos.
  • She exchanged her dollars for Philippine pesos at the airport.
  • The contract was valued at several million Philippine pesos.

Advanced Usage

• In financial contexts: Often abbreviated as PHP (Philippine Peso) in international finance and currency markets to distinguish it from other peso currencies.
  • The exchange rate is 56 PHP to 1 US Dollar.
• Historical reference: The term can be used when discussing the economic history of the Philippines.
  • The design of the Philippine peso has changed several times since its introduction.

Variants and Related Words

• Peso: The general term for the currency unit used in several countries. The Philippine peso is a specific type of peso.
• Centavo: A subunit of the Philippine peso, where 100 centavos equal 1 peso.
• PHP: The official ISO 4217 currency code for the Philippine peso.

Synonyms

• Philippine currency: A general term for the money used in the Philippines.
• Piso: The Filipino name for the peso.

Related Phrases

• Peso sign: The symbol (₱) used to denote the Philippine peso.
  • The amount was written as ₱1,000.

Học thuật

Noun

1. the basic unit of money in the Philippines; equal to 100 centavos

Từ đồng nghĩa

• Philippine peso
• peso