Today’s Exchange Rate Of EUR to PHP
EUR TO PHP — Here is the currency exchange rate between the Euro and the Philippine Peso today, August 27, 2022.
Pinoys from Europe 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 Europe.
EUR-PHP rate matters to you regardless of whether you are a receiver of money from a family member or a loved one in Europe or a sender of remittances to your family or loved ones. You can have your EUR converted to PHP through money exchange services and financial institutions.
Based on Prokerala, here is the Euro to Philippine Peso exchange rate for today, August 27, 2022:
1 Euro (EUR) to Philippine Peso (PHP)
- Buying: 55.9773
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 last August 21, the Bangko Sentral ng Pilipinas (BSP) said the depreciated peso will remain above the government’s exchange rate assumptions until next year but factors that weaken the peso are expected to be tamed by late 2023.
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