Have you ever wondered why money from different countries isn’t worth the same? Some money, like the US dollar, can buy you more things than other currencies like the Japanese yen or the Philippine peso.
Let’s break it down using the latest exchange rates from the Bangko Sentral ng Pilipinas (BSP) for April 16, 2025, and understand why currencies from different countries are worth more or less than each other! 🤔
1. US Dollar (USD) – The World’s Strongest!
The US Dollar is 1:56.98 to the Philippine Peso. This means if you have 1 US Dollar, you can get almost 57 pesos. It’s one of the most widely used currencies globally! 🌎
2. Japanese Yen (JPY) – Small but Powerful!
The Japanese Yen is 0.398 pesos for 100 yen. It might not look like much when you think about one yen, but it adds up quickly! 🇯🇵
3. British Pound (GBP) – A Heavyweight!
The British Pound is super strong! It’s worth 75.39 pesos for just 1 pound. That’s more than the dollar! 💷
4. Hong Kong Dollar (HKD) – A Neighboring Power!
In Hong Kong, 1 HK Dollar is worth about 7.34 pesos. Not as strong as the pound or dollar, but still quite valuable in Asia. 🇭🇰
5. Swiss Franc (CHF) – Quality and Value!
Switzerland’s Swiss Franc equals 69.26 pesos for just 1 franc, showing how stable and valuable this currency is. 🇨🇭
6. Canadian Dollar (CAD) – Close to the US Dollar!
The Canadian Dollar is worth around 40.81 pesos for 1 CAD. It’s a bit weaker than the US Dollar but still strong. 🇨🇦
7. Singapore Dollar (SGD) – A Business Powerhouse!
Singapore Dollar equals 43.21 pesos for 1 SGD, reflecting the country’s economic strength. 🇸🇬
8. Australian Dollar (AUD) – Down Under’s Strong Currency!
In Australia, 1 AUD gives you 36.09 pesos, a little less than the Singapore Dollar. 🇦🇺
9. Bahrain Dinar (BHD) – Very Expensive!
The Bahrain Dinar is the most expensive currency in this list, at 151.20 pesos for 1 BHD! 🏝️
10. Kuwait Dinar (KWD) – Another Expensive One!
The Kuwait Dinar is so valuable that it’s not listed on the exchange rate. But it’s known to be one of the strongest in the world. 🇰🇼
Other Currencies Around the World:
-
Saudi Riyal (SAR): 15.18 pesos for 1 Riyal.
-
Brunei Dollar (BND): 43.04 pesos for 1 BND.
-
Indonesian Rupiah (IDR): Only 0.0034 pesos for 1 IDR!
-
Thai Baht (THB): 1.70 pesos for 1 Baht.
-
Chinese Yuan (CNY): 7.79 pesos for 1 Yuan.
-
Brazilian Real (BRL): 9.68 pesos for 1 Real.
How Does This Affect Us?
If you’re planning a trip abroad or want to understand how money exchanges work, knowing these rates helps you understand how much your money is worth in different countries.
For example, with 56.98 pesos in the Philippines, you can get 1 US Dollar, but in Japan, that same amount could get you 250 yen!
Fun Fact:
If you were to travel or buy things in other countries, the currency exchange rate tells you how much money you’ll get in local currency for your money. It can help you understand how to spend wisely!
