Today’s Exchange Rate Of CAD to PHP
CAD TO PHP — Here is the exchange rate between the Canadian Dollar and the Philippine Peso today, August 12, 2022.
Pinoys from Canada 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 Canada.
CAD-PHP rate matters to you regardless of whether you are a receiver of money from a family member or a loved one in Canada or a sender of remittances to your family or loved ones. You can have your CAD converted to PHP through money exchange services and financial institutions.
The Philippines’ financial institutions offer money exchange rate services during weekdays — including Security Bank. Here is the Canadian Dollar to Philippine Peso exchange rate for today, August 12, 2022:
1 Canadian Dollar (CAD) to Philippine Peso (PHP)
- Buying: 41.2588
- Selling: 44.6822
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 Manila Bulletin last August 10, foreign direct investments registered with the Bangko Sentral ng Pilipinas grew 18.8% to USD 4.17 billion as of end-May this year as against USD 3.5 billion in the same period last year.