The PHP currency is the official currency of the Philippines, also known as the Philippine peso. It is subdivided into 100 sentimo or centavos, and its symbol is "₱". The currency code for Philippine pesos is PHP, and it is abbreviated as such in foreign exchange markets. The exchange rate of PHP to USD varies over time, but as of November 5, 2023, 1 PHP is equal to 0.017937 USD. The Philippine peso is used for transactions within the Philippines and can be exchanged for other currencies when traveling abroad.