Philippine Peso vs US Dollar exchange rate

Evolution of Philippine Currency: "Piloncitos," tiny gold masa coins from the aristocratic era and early Spanish rule, evolved into bulawan in various Philippine languages and salapi or ginto in Tagalog. With the Spanish arrival, European coins flooded the market, followed by the introduction of the Philippine peso in 1901, initially pegged to the US dollar. Japanese occupation led to emergency currencies with simple designs. Post-independence in 1946, the Bangko Sentral ng Pilipinas introduced