PHILIPPINE MONEY CURRENCY:
Images of old Philippine Money
(1960-2000)
(1960-2000)
Images of New Philippine Money
The Philippine Peso Dollar Exchange Rate Review
On November 8,1965, the decontrol program was completed and the peso was devalued to P3.90 to a dollar.
On February 21,1970, the Philippines adopted the floating rate system with the first interbank guiding rate subsequently determined at P5.6282 to US$1.00 on February 24,1970.
The peso's exchange rate experienced two hefty depreciation in 1983: from P10.083 per US$.00 in May to P11.0015 per US$1.00 in June (9.1 percent) and from P11.002 per US$1.00 in September to P14.002 per US$ 1.00 in October (27.3 percent).
After June 1984,when the peso depreciated by 28.6 percent from P14.002 to P18.002, the peso thereafter settled at P19.97 at the end of 1984 and appreciated by 7 percent to P18.4 in January 1985.
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