This method leaves the Filipino dollar at the mercy of the ever-changing economy. The exchange rates fluctuate in response to economic changes. In contrast, the Bangko Sentral ng Pilipinas does not predetermine the value the currency will maintain. This method allows Canada to cope well during times of economic crisis. The Bank of Canada does not intervene to support its currency value, instead, the country lets the market set the value of their currency, letting the Canadian dollar float despite economic changes. Canada and the Philippines approach currency value differently. Why is that? Market trends set the currency value, meaning the more people who want to buy certain goods and services a country is selling, the higher their currency value will be. The early 2020s brought about huge fluctuations in the Canadian/Filipino exchange rate. Understanding currency fluctuations in Canada vs. Check the most up-to-date exchange rate between CAD and PHP with the Western Union Canada currency converter for accuracy. That said, exchange rates constantly fluctuate based on a variety of reasons. That means $100 dollars in Canada means roughly ₱4,200 in the Philippines. Send money What does the exchange rate from the Canadian dollar to the Filipino peso look like?Īs of September 2023, you can exchange 1 Canadian dollar for approximately 42 Filipino Pesos. Learn the differences between Canadian dollars and Filipino pesos so you can set up an international money transfer between the two countries. Good news for you, the exchange rate works in your favor. If you’re sending money to the Philippines, the value differences of the Canadian dollars (CAD) to Filipino pesos (PHP) will impact your money transfer.
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