PHP to AED Currency Converter

PHP - Philippine Peso

The official currency of the Philippines region is Philippines Peso(PHP). It is known as both “Piso” and “Peso”. Currently used denomination in the Philippines are 20, 50, 100, 500, 1000. All of these are available in paper currency. And coins of 1 peso, 5 pesos, and 10 pesos are available. The currency in the Philippines is administered by the central bank i.e., Bangko Sentral ng Pilipinas which is also known as BSP.

AED - UAE Dirham

Currency in UAE is monitored by the Central Bank of UAE. The official currency of UAE is Dirham which is an Arabic word. The first dirham usage was started on 19 May 1973. Till then Dubai Riyal and Qatar Riyal were the currencies used in UAE. The currently available denominations in UAE are 1, 5, 10, 20, 50, 100, 200, 500 and 1,000. Dh 1 is available in coins while the other denominations are provided in paper currency.

Philippine Peso(PHP) to UAE Dirham(AED) historical rates

More than 5% of the total expat population in UAE constitutes Filipinos. In the year 2017, there was about 3.1 Billion AED remittance from UAE to the Philippines. Currently 1 PHP = 0.19 AED. In Oct 2018, 1 PHP = 0.067 AED and in Jan 2018, 1 PHP = 0.072 AED were the lowest and highest rates recorded for 1 year, respectively.

Philippine Peso to UAE Dirham Historical exchange rates graph

Check the historical rates of PHP to AED for up to past 1 year. This chart helps in understanding the currency fluctuations in Philippine Peso(PHP) to UAE Dirham(AED).

Tips to follow while exchanging PHP to AED

• Check the exchange rates of PHP to AED for that particular day before visiting any exchange center.
• Exchange centers may levy additional charges apart from the service charges, check that before billing.
• Compare the charges levied at ATM cash withdrawals and exchange centers on currency exchange outside UAE.

How to send money from the Philippines to UAE

There are a few ways to send money to UAE from the Philippines. Like,

• Bank to Bank: Can visit your home bank and give the beneficiary account number and SWIFT code. There are some transaction costs levied.
• Cash: Some of the exchange centers that provide money transfer facility, debit from your bank account and the recipient can collect cash from the exchange centers outlets in UAE.
• Transfer via Bank: Can transfer from the exchange centers from your bank account to the beneficiary bank account.
• Internet banking: Can avail online banking facility and transfer funds from your account to the beneficiary account. There are international outward remittance costs charged by the banks.

Tips to save money while sending funds from the Philippines to UAE

• Make use of the free outward remittance facility provided by some banks on the savings accounts.
• Compare the service charges of the money transfer companies and banks.
• Prefer options that charge you fewer fees even though the turnaround time is longer.
• Check the exchange rates and transfer when it is profitable for you.

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