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Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.59%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$84465.86 (-0.06%)Fear and Greed Index49(Neutral)
Total spot Bitcoin ETF netflow +$11.8M (1D); -$56.6M (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.59%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$84465.86 (-0.06%)Fear and Greed Index49(Neutral)
Total spot Bitcoin ETF netflow +$11.8M (1D); -$56.6M (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
RST
PHP
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Raini Studios Token(RST) to Philippine Peso(PHP). This is the real-time data. The current conversion shows 1 RST at a value of 1 RST for 0.16 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.
Bitget crypto-to-fiat exchange data shows that the most popular Raini Studios Token currency pair is the RST to PHP, with for Raini Studios Token's currency code being RST. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PHP.
RST to PHP conversion rate trend
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In the past 1D, Raini Studios Token has changed +10.10% to PHP. Based on the trend and price charts, Raini Studios Token(RST) has changed +10.10% to PHP while Philippine Peso(PHP) has changed % to RST in the last 24 hours.
RST to PHP market statistics
RST/PHP:
₱ 0.1596
RST 24h volume:
₱ 659,907.87
RST market cap:
--
RST circulating supply:
0 RST
More info about Raini Studios Token on Bitget
Current RST to PHP exchange rate
Raini Studios Token to Philippine Peso is rising this week.Raini Studios Token's current market price is ₱ 0.1596 per RST, with a total market cap of ₱ 0 PHP based on a circulating supply of -- RST. The trading volume of Raini Studios Token has changed by -0.05% (₱ -300.39 PHP) in the last 24 hours. Last trading day, RST's trading volume was ₱ 660,208.26.
RST to PHP Conversion tables
The exchange rate of Raini Studios Token is decreasing.1 RST is currently valued at ₱ 0.1596 PHP , which means buying 5 RST will cost ₱ 0.7978 PHP . Similarly, ₱1 PHP can be traded for 6.27 RST, and ₱50 PHP can be converted to 313.37 RST, excluding any platform or gas fees.
The exchange rate of 1 RST to Philippine Peso has changed by +24.97% in the last 7 days. In the last 24 hours, the rate has fluctuated by +10.10%, reaching a high of 0.1596 PHP and a low of 0.1449 PHP . One month ago, the value of 1 RST was ₱ 0.2171 PHP , which represents a -26.50% change from its current value. Over the last year, Raini Studios Token has changed by , resulting in a change of -96.57% in its value.
-₱
4.49PHPRST to PHP
Amount
16:18 today
0.5 RST
₱0.07978
1 RST
₱0.1596
5 RST
₱0.7978
10 RST
₱1.6
50 RST
₱7.98
100 RST
₱15.96
500 RST
₱79.78
1000 RST
₱159.56
PHP to RST
Amount16:18 today
0.5PHP3.13 RST
1PHP6.27 RST
5PHP31.34 RST
10PHP62.67 RST
50PHP313.37 RST
100PHP626.73 RST
500PHP3,133.66 RST
1000PHP6,267.33 RST
RST to PHP Today vs. 24 hours ago
| Amount | 16:18 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RST | ₱0.07978 | ₱0.07246 | +10.10% |
| 1 RST | ₱0.1596 | ₱0.1449 | +10.10% |
| 5 RST | ₱0.7978 | ₱0.7246 | +10.10% |
| 10 RST | ₱1.6 | ₱1.45 | +10.10% |
| 50 RST | ₱7.98 | ₱7.25 | +10.10% |
| 100 RST | ₱15.96 | ₱14.49 | +10.10% |
| 500 RST | ₱79.78 | ₱72.46 | +10.10% |
| 1000 RST | ₱159.56 | ₱144.92 | +10.10% |
RST to PHP Today vs. 1 month ago
| Amount | 16:18 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RST | ₱0.07978 | ₱0.1085 | -26.50% |
| 1 RST | ₱0.1596 | ₱0.2171 | -26.50% |
| 5 RST | ₱0.7978 | ₱1.09 | -26.50% |
| 10 RST | ₱1.6 | ₱2.17 | -26.50% |
| 50 RST | ₱7.98 | ₱10.85 | -26.50% |
| 100 RST | ₱15.96 | ₱21.71 | -26.50% |
| 500 RST | ₱79.78 | ₱108.55 | -26.50% |
| 1000 RST | ₱159.56 | ₱217.1 | -26.50% |
RST to PHP Today vs. 1 year ago
| Amount | 16:18 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RST | ₱0.07978 | ₱2.33 | -96.57% |
| 1 RST | ₱0.1596 | ₱4.65 | -96.57% |
| 5 RST | ₱0.7978 | ₱23.27 | -96.57% |
| 10 RST | ₱1.6 | ₱46.54 | -96.57% |
| 50 RST | ₱7.98 | ₱232.71 | -96.57% |
| 100 RST | ₱15.96 | ₱465.41 | -96.57% |
| 500 RST | ₱79.78 | ₱2,327.06 | -96.57% |
| 1000 RST | ₱159.56 | ₱4,654.12 | -96.57% |
How to convert RST to PHP
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert RST to PHP
Use a variety of payment options to buy Raini Studios Token on Bitget. We'll show you how.
Buy RST (or USDT) for PHP (Philippine Peso) offers
Bitget P2P trading does not currently support direct buying of RST with PHP. However, you can buy USDT in Bitget P2P trading first, and then buy RST with USDT via Bitget spot market.
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Sell RST (or USDT) for PHP (Philippine Peso) offers
Bitget P2P trading currently does not support direct selling of RST to PHP. However, you can first exchange RST for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of RST to PHP?
There are many factors that affect the relationship between Raini Studios Token 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 RST/PHP. When there is positive news in the market about the widespread adoption of RST or major technological breakthroughs, it tends to trigger market optimism and drive the rise of RST/PHP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in RST/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 RST/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 Raini Studios Token and adjust their investment strategies accordingly in the evolving market.
Raini Studios Token price prediction
What will the price of RST be in 2026?
Based on RST's historical price performance prediction model, the price of RST is projected to reach $0.003334 in 2026.
What will the price of RST be in 2031?
In 2031, the RST price is expected to change by +25.00%. By the end of 2031, the RST price is projected to reach $0.005075, with a cumulative ROI of +82.08%.
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Popular Raini Studios Token Converter
Check out these popular currency conversions of Raini Studios Token to several fiat currencies.
RST to TWD
1 RST to NT$ 0.09204 TWD
RST to CNY
1 RST to ¥ 0.02018 CNY
RST to PHP
1 RST to ₱ 0.1596 PHP
RST to USD
1 RST to $ 0.002787 USD
RST to AUD
1 RST to $ 0.004432 AUD
RST to EUR
1 RST to € 0.002572 EUR
RST to CAD
1 RST to $ 0.004004 CAD
RST to KRW
1 RST to ₩ 4.09 KRW
RST to JPY
1 RST to ¥ 0.4149 JPY
RST to GBP
1 RST to £ 0.002150 GBP
RST to BRL
1 RST to R$ 0.01580 BRL
Popular cryptocurrencies to PHP
Explore other cryptocurrencies based on your interest in Raini Studios Token.
BTC to PHP
1 BTC to ₱ 4,831,705.19 PHP
TUT to PHP
1 TUT to ₱ 1.99 PHP
ETH to PHP
1 ETH to ₱ 112,709.28 PHP
XRP to PHP
1 XRP to ₱ 139.89 PHP
ATN to PHP
1 ATN to ₱ 1,622.66 PHP
KEKIUS to PHP
1 KEKIUS to ₱ 1.43 PHP
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X to PHP
1 X to ₱ 0.009815 PHP
BANANA to PHP
1 BANANA to ₱ 1,258.79 PHP
SOL to PHP
1 SOL to ₱ 7,382.59 PHP
ZEREBRO to PHP
1 ZEREBRO to ₱ 2.51 PHP
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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 Raini Studios Token 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 Raini Studios Token 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 Raini Studios Token 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.
