Today’s Exchange Rate Of Australian Dollar to Philippine Peso
AUSTRALIAN DOLLAR TO PHILIPPINE PESO — Here is the exchange rate between the Australian Dollars and the Philippine Peso today, July 18, 2022.
Most Filipinos chose to live or work outside the Philippines as they want to earn a sustainable income and to also have a more comfortable and better life.
Even though the Regional Tripartite Wages and Productivity Board (RTWPB) has granted a wage hike to some regions in the Philippines, there are several countries that have a promising exchange rate of their currencies with the Philippine Peso.
With this, Filipinos chose to live or work abroad to help their families in the Philippines by sending remittances.
According to a report on in ABS-CBN News last July 14, the Bangko Sentral ng Pilipinas (BSP) announced a surprise hike of 75 basis points in its benchmark rate ahead of the scheduled monetary policy-setting meeting on August 18 in order to tame rising inflation.
This brought the overnight reverse repurchase rate to 3.25 percent (from 2.5% in June).
Pinoys from Australia are sending money to their family or loved ones in the Philippines, while Filipinos from the Philippines are receiving regular remittances from a family member or a loved one living or working in Australia.
AUD-PHP rate matters to you regardless of whether you are a receiver of money from a family member or a loved one in Australia or a sender of remittances to your family or loved ones. You can have your AUD converted to PHP through money exchange services and financial institutions.
The Philippines’ financial institutions offer money exchange rate services during weekdays — including BDO Unibank Inc. (BDO). Here is the Australian Dollar to Philippine Peso exchange rate for today, July 18, 2022:
1 Australian Dollar (AUD) to Philippine Peso (PHP)
- Buying: 37.3100
- Selling: 38.6600