Canadian dollar to php pesos1/13/2024 ![]() The foreign exchange market operates continuously, with currency values being affected by a myriad of global economic, political, and financial events. Global Influences: Broader economic or geopolitical events that can impact both the Philippines and the Canada. Regulatory Changes: Policies or regulations related to currency exchange or trade agreements between Philippines and Canada.Įconomic Health: Indicators such as GDP growth, unemployment rates, or inflation in the Philippines or Canada. Trade Dynamics: The balance of trade and investment between Philippines and Canada. Factors influencing this rate may include: This trend reflects the evolving economic dynamics between the Philippines and the Canada. Philippine Peso to Canadian Dollar exchange rate: Over the last 90 days, the Philippine Peso strengthened by 1.20% against the Canadian Dollar, moving from CA$0.0237 to CA$0.0240 per Philippine Peso. Set up an account with Western Union and get started today.PHP/CAD exchange rate analysis over the past 90 days ![]() We’re happy to walk you through the process and give you to the tools to track your transfer so you know exactly when your receiver gets their funds. With the exchange rate and cost-of-living differences between the two countries, it’s no wonder you may want to send money to friends and family who need it in the Philippines.ĭownload the mobile app, get started on the website, or visit an agent location to send money with Western Union. Renting a 1-bedroom apartment in the city center in Toronto:Īverage monthly salaries look wildly different between Toronto and Manila residents as well. Renting a 1-bedroom apartment in the city center in Manila: How to convert Canadian dollars to Philippine pesos. CanadaĬheck out these Toronto to Manila apartment rental comparisons to get a better sense of the cost-of-living difference between the two countries. Analyze historical currency charts or live Canadian dollar / Philippine peso rates and get free rate alerts directly to your email. Canada benefits in both scenarios.Īs a result, the cost of living looks very different in the Philippines than it does in Canada. If prices rise, the value of the dollar increases and makes their exported goods more expensive-increasing returns. If export prices fall, the currency value falls, but when that happens, the cost of their goods becomes cheaper-enticing more buyers. In contrast, Canada’s economy depends more on exported goods such as oil-allowing the country to navigate different economic scenarios with relative ease. The Philippines only thrives when the economy leans in its favor. A weakened peso means higher prices for imported commodities such as gasoline. On top of that, the Philippines rely more heavily on imported goods than Canada does. This method leaves the Filipino dollar at the mercy of the ever-changing economy. The exchange rates fluctuate in response to economic changes. In contrast, the Bangko Sentral ng Pilipinas does not predetermine the value the currency will maintain. This method allows Canada to cope well during times of economic crisis. XE’s free live currency conversion chart for Philippine Peso to Canadian Dollar allows you to pair exchange rate history for up to 10 years. The Bank of Canada does not intervene to support its currency value, instead, the country lets the market set the value of their currency, letting the Canadian dollar float despite economic changes. Canada and the Philippines approach currency value differently. Why is that? Market trends set the currency value, meaning the more people who want to buy certain goods and services a country is selling, the higher their currency value will be. The early 2020s brought about huge fluctuations in the Canadian/Filipino exchange rate. Understanding currency fluctuations in Canada vs. Check the most up-to-date exchange rate between CAD and PHP with the Western Union Canada currency converter for accuracy. That said, exchange rates constantly fluctuate based on a variety of reasons. That means $100 dollars in Canada means roughly ₱4,200 in the Philippines. Send money What does the exchange rate from the Canadian dollar to the Filipino peso look like?Īs of September 2023, you can exchange 1 Canadian dollar for approximately 42 Filipino Pesos. Learn the differences between Canadian dollars and Filipino pesos so you can set up an international money transfer between the two countries. Good news for you, the exchange rate works in your favor. If you’re sending money to the Philippines, the value differences of the Canadian dollars (CAD) to Filipino pesos (PHP) will impact your money transfer.
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