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Currency Converter Result for 1 EUR to PHP rate.


1 EUR
Euro (EUR)
= 62.82500 PHP
Philippine Peso (PHP)
1 EUR = 62.82500 PHP   1 PHP = 0.01592 EUR

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When converting from Euro to Peso, it's important to note that exchange rates fluctuate constantly due to various factors such as economic conditions, geopolitical events, and market sentiment. Therefore, the Euro rate displayed may vary slightly from moment to moment. Rest assured, we strive to provide you with the most accurate and up-to-date Euro exchange rates available. Whether you're converting Euro to Peso for a vacation or monitoring currency fluctuations for investment purposes, our tool provides reliable data.

When looking at exchange rates, there will be tools you have to use to make your investment decisions. An integral tool is a currency converter. This currency converter will simply convert currency rates to the value of another. The Euro exchange rate used is taken daily from European Central Bank rates.

 

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Euro is the official currency of the Eurozone, which includes 19 of the 27 European Union states. These countries occupy a substantial part of the European continent, meaning Euro is one of the most common currencies globally.

In terms of its monetary policy, the currency is regulated by the European Central Bank and has its headquarters in Frankfurt, Germany. The Central Bank is responsible for the controlling performance in the countries that use Euro and aims at price stability within the Eurozone. With regard to the liquidity of its financial instruments, the Euro is second only to US dollar, which makes it one of the key players in the international finance market. If you are looking to transfer money to France, transfer money to Spain, transfer money to Italy or transfer money to Germany it would be done in Euros.

 

The official currency of the Philippines, which is an archipelagic state in Southeast Asia, is the Philippine Peso. The word “Peso” originates from the Spanish period . In the period of Spanish rule, it was applied as a “word of reference both to a coin and to a measure of weight.” Nowadays, the Philippine Peso is issued and circulated in the form of banknotes and coins. The coin denominations vary from 1 to 10 pesos, while banknotes include 20, 50, 100, 200, 500, and 1000 pesos. In the financial context, the PHP is utilized in multiple global operations, especially in the foreign exchange market. Nevertheless, experts often refer to this currency as a minor one, taking into account the world’s principal currencies.

The Philippines’ economy is considered to be one of the emerging Asian markets. It remains a service-oriented market, where both the revenue to the budget and the number of employed people depend on the corresponding sector. Many people transfer money to the Philippines on a regular basis, hence one of the critical characteristics vital to the PHP’s demand and value is remittances.

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