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, October 10, 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.
The Philippines’ financial institutions offer money exchange rate services during weekdays — including Asia United Bank (AUB). Here is the Euro to Philippine Peso exchange rate for today, October 10, 2022:
1 Euro (EUR) to Philippine Peso (PHP)
- Buying: 56.5929
- Selling: 58.1032
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.
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, the Bangko Sentral ng Pilipinas (BSP) said that the central bank will not allow any excessive fluctuations in the foreign exchange rate, amidst the weakness of the local currency.
BSP Governor Felipe Medalla said that the central bank is already in the spot market borrowing and selling dollars “some times”, but he didn’t elaborate on the amount and the extent.