1 Canadian Dollar to PHP Peso: Live Exchange Rate & Historical Data

Understanding the Currency Exchange Rate

The exchange rate between currencies fluctuates constantly due to various economic factors, such as supply and demand, interest rates, and economic growth. The value of the Canadian dollar (CAD) relative to the Philippine peso (PHP) is determined by the foreign exchange market, where traders buy and sell currencies to facilitate international trade and investment.

Live Exchange Rate

As of [current date], the live exchange rate for 1 Canadian dollar to Philippine peso is approximately:

1 CAD = 36.97 PHP

This means that for every Canadian dollar, you can exchange for approximately 36.97 Philippine pesos.

Historical Exchange Rate Data

The exchange rate between the Canadian dollar and the Philippine peso has fluctuated over time. The following table provides historical data for the past year:

Factors Affecting the Exchange Rate

Numerous factors influence the exchange rate between the Canadian dollar and the Philippine peso, including:

• Economic growth in both countries
• Interest rate differentials
• Political stability
• Inflation
• Global economic conditions

Impact of Exchange Rate Fluctuations

Fluctuations in the exchange rate can significantly impact businesses and individuals who engage in international trade or travel. For example, a stronger Canadian dollar relative to the Philippine peso makes it more expensive for Canadian businesses to import goods from the Philippines, while a weaker Canadian dollar makes it less expensive for Filipinos to travel to Canada.

Currency Exchange Services

There are various ways to exchange Canadian dollars for Philippine pesos, including:

• Banks and credit unions
• Currency exchange bureaus
• Online currency exchange platforms

Tips for Getting the Best Exchange Rate

To get the best possible exchange rate when converting Canadian dollars to Philippine pesos, it is recommended to:

• Compare rates from multiple providers
• Use a currency exchange calculator
• Avoid exchanging large amounts of currency at airports or tourist areas
• Consider using a travel credit card with low or no foreign transaction fees

Conclusion

The exchange rate between the Canadian dollar and the Philippine peso is constantly fluctuating and is affected by a range of economic factors. By understanding the factors that influence the exchange rate and using reputable currency exchange services, individuals and businesses can optimize their currency conversions.