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Parcl to Philippine Peso Converter and calculator

Convert 1Parcl (PRCL) to Philippine Peso (PHP) equals ₱ 22.37 | Bitget
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Last updated 2024/12/21 03:24:56 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Parcl(PRCL) to Philippine Peso(PHP). This is the real-time data. The current conversion shows 1 PRCL at a value of 1 PRCL for 22.37 PHP . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

PHP information

About the Philippine Peso (PHP)

What Is the Philippine Peso (PHP)?

The Philippine Peso, denoted as PHP (₱), is the official currency of the Philippines. It's subdivided into 100 centavos or sentimos in Filipino. The currency symbol is ₱, and it's also commonly abbreviated as "PHP," "PhP," "Php," or simply "P." The Philippine Peso is the sole legal tender in the Philippines, and it is used for all transactions within the country.

The Philippine Peso is issued by the Bangko Sentral ng Pilipinas (BSP), which is the central bank of the Philippines. Established on July 3, 1993, the BSP is responsible for maintaining price stability, ensuring the liquidity and solvency of the financial system, and promoting a balanced and sustainable economic growth in the country.

What Is the History of PHP?

The origins of the Philippine Peso trace back to the Spanish Peso or pieces of eight, introduced in the Philippines via the Manila galleons from the 16th to the 19th century. The pre-colonial Philippines engaged in barter trade, but the inconvenience led to the use of gold, which was abundant in the islands, as a medium of exchange. The earliest known local currency was the "Piloncitos" and gold barter rings.

During the Spanish Colonial period, the Spanish Dollar or silver peso was introduced. The Philippines also minted its own coins, such as the crude copper or bronze coins called "cuartos" or "barrillas." The Spanish gold onza and silver peso established a bimetallic standard, with the peso being worth either the silver Mexican peso or 1/16th of the gold onza.

Post-independence, the Philippines saw various currency reforms, including the introduction of the Central Bank of the Philippines in 1949 and the shift to a free-floating currency system with the New Central Bank Act of 1993.

Notes and Coins of PHP

Today, the Philippine Peso is available in both coins and banknotes. Coins come in denominations of 1, 5, 10, and 25 centavos, and 1, 5, 10, and 20 pesos. Banknotes are issued in 20, 50, 100, 200, 500, and 1,000 pesos. The latest banknote designs feature prominent Filipinos and iconic natural wonders. The BSP produces the country's banknotes and coins at its Security Plant Complex, which is located in Quezon City.

Exchange Rate and Economic Implications

The PHP has experienced fluctuations in its exchange rate, particularly against the US dollar (USD). Historically, it has ranged from below 48 PHP to over 56 PHP per USD. The exchange rate is influenced by various factors, including the Philippines' economic performance, trade balances, and global economic conditions.

Is the Philippine Peso Pegged to the US Dollar?

The Philippine Peso (PHP) currently operates under a floating exchange rate system and is not pegged to the US Dollar (USD). Historically, the PHP was pegged to the USD during the American colonial era and the post-World War II period. However, this changed following significant economic reforms, particularly after the enactment of the New Central Bank Act of 1993, which established the Bangko Sentral ng Pilipinas (BSP). Under the floating exchange rate regime, the value of the PHP is determined by market forces, including factors such as economic performance, inflation, and trade balances. While the BSP may intervene to manage excessive volatility in the currency market, it does not maintain a fixed exchange rate against the USD.

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Bitget crypto-to-fiat exchange data shows that the most popular Parcl currency pair is the PRCL to PHP, with for Parcl's currency code being PRCL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PHP.

PRCL to PHP conversion rate trend

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Live Parcl (PRCL) price chart
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In the past 1D, Parcl has changed -3.77% to PHP. Based on the trend and price charts, Parcl(PRCL) has changed -3.77% to PHP while Philippine Peso(PHP) has changed +3.92% to PRCL in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₱22.91
0.0200% / 0.0320%vip-iconVIP 7
OKX
₱22.95
0.080% / 0.100%
Yes
Huobi
₱22.98
0.1000% / 0.1000%
Yes
Gate.io
₱22.93
0.1000% / 0.1000%
Yes
Bybit
₱22.88
0.1000% / 0.1000%
Yes
KuCoin
₱22.89
0.1000% / 0.1000%
Yes
Last updated 2024/12/21 00:00:17(UTC+0)

How to buy Parcl

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Parcl (PRCL)
Use a variety of payment options to buy Parcl on Bitget. We'll show you how.

Buy PRCL (or USDT) for PHP (Philippine Peso) offers

Bitget P2P trading does not currently support direct buying of PRCL with PHP. However, you can buy USDT in Bitget P2P trading first, and then buy PRCL with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell PRCL (or USDT) for PHP (Philippine Peso) offers

Bitget P2P trading currently does not support direct selling of PRCL to PHP. However, you can first exchange PRCL for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
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What factors influence the conversion rate of Parcl to Philippine Peso?

Parcl to Philippine Peso is falling this week.
Parcl's current market price is ₱ 22.37 per PRCL, with a total market cap of ₱ 4,790,496,352.89 PHP based on a circulating supply of 214,139,570 PRCL. The trading volume of Parcl has changed by -12.62% (₱ -364,917,678.93 PHP) in the last 24 hours. Last trading day, PRCL's trading volume was ₱ 2,890,597,331.54.
Market cap
$81.42M
24h volume
$42.93M
Circulating supply
214.14M PRCL

Conversion tables

The exchange rate of Parcl is increasing.
1 PRCL is currently valued at ₱ 22.37 PHP , which means buying 5 PRCL will cost ₱ 111.85 PHP . Similarly, ₱1 PHP can be traded for 0.04470 PRCL, and ₱50 PHP can be converted to 2.24 PRCL, excluding any platform or gas fees.
The exchange rate of 1 PRCL to Philippine Peso has changed by -28.65% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.77%, reaching a high of 23.26 PHP and a low of 19.27 PHP . One month ago, the value of 1 PRCL was ₱ 20.85 PHP , which represents a +7.33% change from its current value. Over the last year, Parcl has changed by
-
25.64PHP
, resulting in a change of -53.42% in its value.

PRCL to PHP

Amount
03:24 am today
0.5 PRCL
11.19
1 PRCL
22.37
5 PRCL
111.85
10 PRCL
223.71
50 PRCL
1,118.55
100 PRCL
2,237.09
500 PRCL
11,185.45
1000 PRCL
22,370.91

PHP to PRCL

Amount03:24 am today
0.5PHP0.02235  PRCL
1PHP0.04470  PRCL
5PHP0.2235  PRCL
10PHP0.4470  PRCL
50PHP2.24  PRCL
100PHP4.47  PRCL
500PHP22.35  PRCL
1000PHP44.7  PRCL

Today vs. 24 hours ago

Amount03:24 am today24 hours ago24h change
0.5 PRCL$0.1901$0.1976
-3.77%
1 PRCL$0.3802$0.3951
-3.77%
5 PRCL$1.9$1.98
-3.77%
10 PRCL$3.8$3.95
-3.77%
50 PRCL$19.01$19.76
-3.77%
100 PRCL$38.02$39.51
-3.77%
500 PRCL$190.12$197.56
-3.77%
1000 PRCL$380.23$395.13
-3.77%

Today vs. 1 month ago

Amount03:24 am today1 month ago1M change
0.5 PRCL$0.1901$0.1771
+7.33%
1 PRCL$0.3802$0.3543
+7.33%
5 PRCL$1.9$1.77
+7.33%
10 PRCL$3.8$3.54
+7.33%
50 PRCL$19.01$17.71
+7.33%
100 PRCL$38.02$35.43
+7.33%
500 PRCL$190.12$177.15
+7.33%
1000 PRCL$380.23$354.3
+7.33%

Today vs. 1 year ago

Amount03:24 am today1 year ago1Y change
0.5 PRCL$0.1901$0.4080
-53.42%
1 PRCL$0.3802$0.8161
-53.42%
5 PRCL$1.9$4.08
-53.42%
10 PRCL$3.8$8.16
-53.42%
50 PRCL$19.01$40.8
-53.42%
100 PRCL$38.02$81.61
-53.42%
500 PRCL$190.12$408.04
-53.42%
1000 PRCL$380.23$816.07
-53.42%

Parcl price prediction

What will the price of PRCL be in 2025?

Based on PRCL's historical price performance prediction model, the price of PRCL is projected to reach $0.6692 in 2025.

What will the price of PRCL be in 2030?

In 2030, the PRCL price is expected to change by +4.00%. By the end of 2030, the PRCL price is projected to reach $1.17, with a cumulative ROI of +120.92%.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.