Current Exchange Rate: Australian Dollar to Philippine Peso

As of today, the exchange rate for 1 Australian dollar (AUD) to Philippine peso (PHP) is 34.53 PHP. This means that for every 1 AUD you exchange, you will receive 34.53 PHP.

Factors Affecting the Exchange Rate

Several factors can affect the exchange rate between the AUD and PHP, including:

• Economic growth: Strong economic growth in either country can lead to an appreciation of its currency.
• Interest rates: Higher interest rates in Australia compared to the Philippines can make the AUD more attractive to investors, leading to appreciation.
• Inflation: Higher inflation in the Philippines compared to Australia can weaken the PHP relative to the AUD.
• Political stability: Political instability in either country can lead to currency depreciation.
• Global economic conditions: Global economic factors, such as the strength of the US dollar, can also impact the exchange rate between the AUD and PHP.

Historical Exchange Rate Trends

The exchange rate between the AUD and PHP has fluctuated over time. In the past 5 years, the AUD has ranged from 31.50 PHP to 36.90 PHP.

How to Get the Best Exchange Rate

When exchanging AUD to PHP, you can follow these tips to get the best rate:

• Compare rates from multiple banks and exchange bureaus. Rates can vary significantly between different providers.
• Look for online currency converters. These can provide real-time exchange rates and allow you to compare rates from multiple sources.
• Use a travel money card. This can be a convenient and cost-effective way to exchange currency while traveling.
• Avoid exchanging currency at airports or hotels. These locations typically offer less favorable rates.

Applications for the Exchange Rate

The exchange rate between the AUD and PHP has various applications, including:

• Tourism: Filipinos traveling to Australia and Australians visiting the Philippines need to exchange currency for their expenses.
• Remittances: Filipino workers in Australia often send remittances back home to the Philippines.
• Trade and investment: The exchange rate influences the price of goods and services traded between Australia and the Philippines.

Tables

Table 1: Exchange Rate Over Time

Table 2: Top Banks for Currency Exchange

Table 3: Travel Money Cards

Table 4: Applications of the Exchange Rate