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Prisma mkUSD to Philippine Peso Converter and calculator

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Convert 1Prisma mkUSD (MKUSD) to Philippine Peso (PHP) equals ₱ 57.33 | Bitget
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Prisma mkUSD(MKUSD) to Philippine Peso(PHP). This is the real-time data. The current conversion shows 1 MKUSD at a value of 1 MKUSD for 57.33 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 Prisma mkUSD currency pair is the MKUSD to PHP, with for Prisma mkUSD's currency code being MKUSD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PHP.

MKUSD to PHP conversion rate trend

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In the past 1D, Prisma mkUSD has changed -0.18% to PHP. Based on the trend and price charts, Prisma mkUSD(MKUSD) has changed -0.18% to PHP while Philippine Peso(PHP) has changed % to MKUSD in the last 24 hours.

MKUSD to PHP market statistics

MKUSD/PHP:
₱ 57.33
MKUSD 24h volume:
--
MKUSD market cap:
₱ 28,942,589.37
MKUSD circulating supply:
504.84K MKUSD

Current MKUSD to PHP exchange rate

Prisma mkUSD to Philippine Peso is falling this week.
Prisma mkUSD's current market price is ₱ 57.33 per MKUSD, with a total market cap of ₱ 28,942,589.37 PHP based on a circulating supply of 504,837.5 MKUSD. The trading volume of Prisma mkUSD has changed by 0.00% (₱ 0 PHP) in the last 24 hours. Last trading day, MKUSD's trading volume was ₱ 0.

MKUSD to PHP Conversion tables

The exchange rate of Prisma mkUSD is increasing.
1 MKUSD is currently valued at ₱ 57.33 PHP , which means buying 5 MKUSD will cost ₱ 286.65 PHP . Similarly, ₱1 PHP can be traded for 0.01744 MKUSD, and ₱50 PHP can be converted to 0.8721 MKUSD, excluding any platform or gas fees.
The exchange rate of 1 MKUSD to Philippine Peso has changed by -2.61% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.18%, reaching a high of 57.65 PHP and a low of 57.25 PHP . One month ago, the value of 1 MKUSD was ₱ 57.18 PHP , which represents a +0.26% change from its current value. Over the last year, Prisma mkUSD has changed by
+
0.3306PHP
, resulting in a change of +0.58% in its value.

MKUSD to PHP

Amount
20:56 today
0.5 MKUSD
28.67
1 MKUSD
57.33
5 MKUSD
286.65
10 MKUSD
573.31
50 MKUSD
2,866.53
100 MKUSD
5,733.05
500 MKUSD
28,665.25
1000 MKUSD
57,330.51

PHP to MKUSD

Amount20:56 today
0.5PHP0.008721  MKUSD
1PHP0.01744  MKUSD
5PHP0.08721  MKUSD
10PHP0.1744  MKUSD
50PHP0.8721  MKUSD
100PHP1.74  MKUSD
500PHP8.72  MKUSD
1000PHP17.44  MKUSD
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MKUSD to PHP Today vs. 24 hours ago

Amount20:56 today24 hours ago24h change
0.5 MKUSD₱28.67₱28.72
-0.18%
1 MKUSD₱57.33₱57.44
-0.18%
5 MKUSD₱286.65₱287.18
-0.18%
10 MKUSD₱573.31₱574.36
-0.18%
50 MKUSD₱2,866.53₱2,871.78
-0.18%
100 MKUSD₱5,733.05₱5,743.56
-0.18%
500 MKUSD₱28,665.25₱28,717.79
-0.18%
1000 MKUSD₱57,330.51₱57,435.58
-0.18%

MKUSD to PHP Today vs. 1 month ago

Amount20:56 today1 month ago1M change
0.5 MKUSD₱28.67₱28.59
+0.26%
1 MKUSD₱57.33₱57.18
+0.26%
5 MKUSD₱286.65₱285.9
+0.26%
10 MKUSD₱573.31₱571.8
+0.26%
50 MKUSD₱2,866.53₱2,858.99
+0.26%
100 MKUSD₱5,733.05₱5,717.98
+0.26%
500 MKUSD₱28,665.25₱28,589.88
+0.26%
1000 MKUSD₱57,330.51₱57,179.77
+0.26%

MKUSD to PHP Today vs. 1 year ago

Amount20:56 today1 year ago1Y change
0.5 MKUSD₱28.67₱28.5
+0.58%
1 MKUSD₱57.33₱57
+0.58%
5 MKUSD₱286.65₱285
+0.58%
10 MKUSD₱573.31₱570
+0.58%
50 MKUSD₱2,866.53₱2,850
+0.58%
100 MKUSD₱5,733.05₱5,699.99
+0.58%
500 MKUSD₱28,665.25₱28,499.96
+0.58%
1000 MKUSD₱57,330.51₱56,999.93
+0.58%

How to convert MKUSD to PHP

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Convert MKUSD to PHP
Use a variety of payment options to buy Prisma mkUSD on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of MKUSD with PHP. However, you can buy USDT in Bitget P2P trading first, and then buy MKUSD with USDT via Bitget spot market.
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Sell MKUSD (or USDT) for PHP (Philippine Peso) offers

Bitget P2P trading currently does not support direct selling of MKUSD to PHP. However, you can first exchange MKUSD 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
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What factors influence the conversion rate of MKUSD to PHP?

There are many factors that affect the relationship between Prisma mkUSD and Philippine Peso, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MKUSD/PHP. When there is positive news in the market about the widespread adoption of MKUSD or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MKUSD/PHP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MKUSD/PHP.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MKUSD/PHP. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Prisma mkUSD and adjust their investment strategies accordingly in the evolving market.

Prisma mkUSD price prediction

What will the price of MKUSD be in 2026?

Based on MKUSD's historical price performance prediction model, the price of MKUSD is projected to reach $0.9852 in 2026.

What will the price of MKUSD be in 2031?

In 2031, the MKUSD price is expected to change by +44.00%. By the end of 2031, the MKUSD price is projected to reach $1.71, with a cumulative ROI of +70.72%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Prisma mkUSD and PHP.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Prisma mkUSD and PHP. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Prisma mkUSD in PHP, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.