Today’s Exchange Rate Of AUD to PHP
AUD TO PHP — Here is the exchange rate between the Australian Dollar and the Philippine Peso today, August 29, 2022.
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.
Based on Prokerala, here is the Australian Dollar to Philippine Peso exchange rate for today, August 29, 2022:
1 Australian Dollar (AUD) to Philippine Peso (PHP)
- Buying: 38.6149
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 BusinessWorld, Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said that despite slipping below the USD 100-billion level as of end-July, the country’s dollar reserves remain at an “adequate” level.