Say that you have $500 USD and you want to know how much money you would have for a trip to the Philippines. At the time of writing, $1 USD is equivalent to ₱ 54.92 PHP. However, before you can get started, you need to know the current exchange rate. The other option is to calculate the conversion manually. Individual merchants may also pass along their own fees if you ask them to convert a price into your home currency at the cash register. For example, most credit card processors and ATM networks charge a 1% conversion fee on all foriegn transactions. Keep in mind that exchanging currency typically comes with fees that won’t be factored in by a calculator.
Since exchange rates change often, using a calculator will help ensure that your conversion is correct. Using a currency conversion calculator is a great way to estimate how much money you’ll have to spend on your trip. There are two ways to calculate approximately how many Philippine pesos you can get for your dollar: You can either use a conversion calculator or convert it by hand.
