Guide on the Peso-US Dollar Exchange Rate Today, January 2, 2020 – Thursday
PESO-US DOLLAR EXCHANGE RATE – Here are the exchange rates between the Philippine Peso and the United States Dollar today, January 2, 2020 (Thursday).
A lot of people would usually go to money exchange centers to have a foreign currency amount changed into Philippine Peso. That’s the only way that the money can be used in making purchases in the Philippines.
Undeniably, a lot of Filipinos abroad are sending dollars or other foreign currency money to their loved ones in the Philippines. Many flew abroad in the hope of being able to give the life they want for their families.
With regards to foreign countries, one of those wherein there are a lot of Filipinos working is the United States. It is no secret that many Pinoys target US as they may earn twice there of what they can earn in PH. A single US dollar may not fall below Php 49.00 in the country.
In fact, many Filipinos have already gained a Green Card in US due to their length of stay abroad. Some Pinoys who are there have married US citizens.
Are you one of those who have loved ones in US? Do you also usually go to money exchange centers to have the dollars they sent converted into Philippine Peso?
Aside from money exchange centers, you may also bring your dollars to banks. One of the banks that have money conversion services is the Landbank of the Philippines, the primary government bank in the country.
Everyday, Landbank posts on its official website the Philippine Peso-US Dollar exchange rate. For today, January 2, 2020 (Thursday), here are the exchange rates set by the bank for the buying and selling of US dollars:
- For buying, US $1.00 is equal to Php 50.4
- For selling, US $1.00 is equal to Php 51.00
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