Exchange rate calculator in the Philippines
The MyCredy currency converter reflects information obtained from the reference rates of the European Central Bank. It is intended for people over the age of 18 and is completely free to use.
What is a currency and currency exchange calculator?
In the economy, currency is the universal medium for the exchange of goods and services. Throughout history, the currency has taken many forms, such as barley, gold and silver. Today's currency is much more regulated because it is physically made in the form of paper banknotes or coins. The value of currencies is guaranteed by the promise of the governments. Although physical currencies (banknotes, coins) are often used on a daily basis, most large-scale foreign exchange transactions are conducted electronically. Today's technology currency exchange systems to exchange currency between digital accounts.
Why use a currency converter?
Nowadays, currency conversion is not only relevant for people who are international investors or active travelers, but also, for example, for people who keep in touch with relatives / friends abroad.
The currency conversion fee may cost more than expected if you do not pay close attention to it. Therefore, to make your daily life easier, we offer you to use a free currency calculator to save time and money!
With the currency calculator, you can find out how much a specific amount will be in another currency, for example, 100 peso is 1.72 euro (the specific example is informative)
Use MyCredy's exchange rate calculator to calculate how much you can save and forget about unfavorable exchange rates and hidden commissions!
What affects exchange rates?
Note that exchange rates are constantly changing, so you should keep track of the information provided in the exchange rate calculator. Their fluctuations are influenced by many factors, such as monetary policy, market developments, macroeconomic data or the supply and demand of a particular currency. The most common factors influencing exchange rates are interest rate differentials, inflation, politics and economic indicators.
Information for MyCredy users:
- As it is difficult to predict the most favorable time for the changeover, it is useful to follow the trends and changes in the foreign exchange market.
- Exchange rates are informative.
- Exchange rates are updated daily and are subject to change during the day.
- MyCredy does not offer a "currency exchange" service.
- The calculations use the non-cash exchange rate, so please note that cash transactions may differ from the currencies listed!