Philippine Peso (PHP)

The Philippine Peso (PHP), officially the piso and represented by the ISO 4217 code PHP, is the official national currency of the Republic of the Philippines, issued and managed by the Bangko Sentral ng Pilipinas (BSP). As a key emerging market currency in Southeast Asia, the PHP's value is significantly influenced by the country's robust overseas remittances, foreign direct investment (FDI), and the BSP's inflation-targeting monetary policy.