Guide on the Peso-Dollar Exchange Rate for Today, December 18, 2019 – Wednesday
PESO-DOLLAR EXCHANGE RATE – Here is a guide on the buying and selling exchange rates today of the Philippine Peso and the United States (US) Dollar, December 18, 2019 (Wednesday).
Nowadays, a huge part of the Filipino populace is divided in the different countries abroad. Some Pinoys have settled down with foreigner partners and are now living in other countries. They would usually go home to PH for a vacation only.
Aside from those who have ended up with foreigner partners, there are Filipinos who flew abroad to work. In fact, the overseas Filipino workers (OFW) may cut a huge chunk of the population of Pinoys abroad.
Whether they are there to live with their families or to work, most of these Pinoys in other countries would send money to their loved ones in the Philippines. That is why many people monitor the exchange rates – most especially the Peso-Dollar exchange rate.
Usually, the said rate would not fall below Php 49.00. Truths be told that a small drop can have huge effects on the amount that the family in the country will receive.
You can have your US Dollars converted into Peso at remittance centers and money exchange centers. You may also turn to banks for its conversion. One of the banks with the said service is the Landbank of the Philippines.
Landbank has separated its buying and selling rates. Based on the official website of the government bank, here is the Peso-Dollar exchange rate today, December 18, 2019 (Wednesday) for buying and as well as for selling:
- For Buying – Php 50.3 for every $1.00
- For Selling – Php 50.8 for every $1.00
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