500 Philippine Pesos =
31.945 Malaysian Ringgit
today's official exchange rate from the European Central Bank.
Daily ECB reference rates over the last 90 days. Updates skip weekends and ECB holidays.
| PHP | MYR |
|---|---|
| 1 PHP | 0.0639 MYR |
| 5 PHP | 0.3195 MYR |
| 10 PHP | 0.6389 MYR |
| 25 PHP | 1.5973 MYR |
| 50 PHP | 3.1945 MYR |
| 100 PHP | 6.389 MYR |
| 500 PHP | 31.945 MYR |
| 1,000 PHP | 63.89 MYR |
| 5,000 PHP | 319.45 MYR |
| 10,000 PHP | 638.9 MYR |
The Philippine Peso (symbol: ₱; code: PHP) is the official currency of the Philippines, issued by the Bangko Sentral ng Pilipinas. Each peso is divided into 100 sentimos. Overseas Filipino remittances account for nearly 10% of the country's GDP, making peso conversion rates a daily concern for millions of Filipinos working abroad. The peso is one of the most actively converted currencies for personal money transfers.
The Malaysian Ringgit (symbol: RM; code: MYR) is the official currency of Malaysia, issued by the Central Bank of Malaysia. Each ringgit is divided into 100 sen. The word 'ringgit' means 'jagged' in Malay, originally referring to the serrated edges of Spanish silver dollars used in the region. Malaysia's currency reflects its position as a major exporter of palm oil, electronics, and natural resources.
This conversion uses the European Central Bank reference rate, which is published once per business day at around 16:00 CET (Frankfurt time). The ECB calculates these rates from interbank market quotes provided by major banks. Reference rates are intended for information and statistical purposes — they are not commercial rates at which currencies can actually be bought or sold.
No. The ECB reference rate is a benchmark used by economists, regulators, and accountants — not a retail rate. Banks, currency exchange services, and credit cards typically add a markup of 1 to 4 percent on top of the reference rate, plus possible fixed transaction fees. To know the actual rate you would pay, check directly with your bank or money transfer service before exchanging.
The European Central Bank updates exchange rates once per business day, around 16:00 CET. Rates are not updated on weekends or eurozone bank holidays — during these periods the most recent business-day rate remains in effect. We refresh our cached rate every six hours to balance accuracy with performance.
Exchange rates fluctuate based on many factors, including interest rate decisions by the Bangko Sentral ng Pilipinas and the Central Bank of Malaysia, inflation differences between the Philippines and Malaysia, trade balances, capital flows, and geopolitical events affecting market sentiment. Even small differences in expected economic conditions can move rates significantly over short periods.
Yes. We support 15 major currencies for conversion: USD, EUR, GBP, JPY, CHF, CAD, AUD, CNY, INR, MXN, BRL, KRW, SGD, NZD, and SEK. Use the swap button above to flip the direction of this conversion, or open any other supported currency pair directly.