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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.56%
BTC/USDT$78072.81 (-6.50%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome 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 share62.56%
BTC/USDT$78072.81 (-6.50%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
NEST
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 NEST Protocol(NEST) to Philippine Peso(PHP). This is the real-time data. The current conversion shows 1 NEST at a value of 1 NEST for 0.01 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 NEST Protocol currency pair is the NEST to PHP, with for NEST Protocol's currency code being NEST. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PHP.
NEST to PHP conversion rate trend
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In the past 1D, NEST Protocol has changed -32.49% to PHP. Based on the trend and price charts, NEST Protocol(NEST) has changed -32.49% to PHP while Philippine Peso(PHP) has changed % to NEST in the last 24 hours.
NEST to PHP market statistics
NEST/PHP:
₱ 0.01212
NEST 24h volume:
₱ 12,899,407.71
NEST market cap:
₱ 35,284,816.35
NEST circulating supply:
2.91B NEST
More info about NEST Protocol on Bitget
Current NEST to PHP exchange rate
NEST Protocol to Philippine Peso is falling this week.NEST Protocol's current market price is ₱ 0.01212 per NEST, with a total market cap of ₱ 35,284,816.35 PHP based on a circulating supply of 2,911,744,000 NEST. The trading volume of NEST Protocol has changed by -26.14% (₱ -4,565,691.24 PHP) in the last 24 hours. Last trading day, NEST's trading volume was ₱ 17,465,098.94.
NEST to PHP Conversion tables
The exchange rate of NEST Protocol is decreasing.1 NEST is currently valued at ₱ 0.01212 PHP , which means buying 5 NEST will cost ₱ 0.06059 PHP . Similarly, ₱1 PHP can be traded for 82.52 NEST, and ₱50 PHP can be converted to 4,126.06 NEST, excluding any platform or gas fees.
The exchange rate of 1 NEST to Philippine Peso has changed by -47.41% in the last 7 days. In the last 24 hours, the rate has fluctuated by -32.49%, reaching a high of 0.01786 PHP and a low of 0.01209 PHP . One month ago, the value of 1 NEST was ₱ 0.02822 PHP , which represents a -57.05% change from its current value. Over the last year, NEST Protocol has changed by , resulting in a change of -94.44% in its value.
-₱
0.2059PHPNEST to PHP
Amount
00:37 am today
0.5 NEST
₱0.006059
1 NEST
₱0.01212
5 NEST
₱0.06059
10 NEST
₱0.1212
50 NEST
₱0.6059
100 NEST
₱1.21
500 NEST
₱6.06
1000 NEST
₱12.12
PHP to NEST
Amount00:37 am today
0.5PHP41.26 NEST
1PHP82.52 NEST
5PHP412.61 NEST
10PHP825.21 NEST
50PHP4,126.06 NEST
100PHP8,252.12 NEST
500PHP41,260.58 NEST
1000PHP82,521.16 NEST
NEST to PHP Today vs. 24 hours ago
| Amount | 00:37 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 NEST | ₱0.006059 | ₱0.008977 | -32.49% |
| 1 NEST | ₱0.01212 | ₱0.01795 | -32.49% |
| 5 NEST | ₱0.06059 | ₱0.08977 | -32.49% |
| 10 NEST | ₱0.1212 | ₱0.1795 | -32.49% |
| 50 NEST | ₱0.6059 | ₱0.8977 | -32.49% |
| 100 NEST | ₱1.21 | ₱1.8 | -32.49% |
| 500 NEST | ₱6.06 | ₱8.98 | -32.49% |
| 1000 NEST | ₱12.12 | ₱17.95 | -32.49% |
NEST to PHP Today vs. 1 month ago
| Amount | 00:37 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 NEST | ₱0.006059 | ₱0.01411 | -57.05% |
| 1 NEST | ₱0.01212 | ₱0.02822 | -57.05% |
| 5 NEST | ₱0.06059 | ₱0.1411 | -57.05% |
| 10 NEST | ₱0.1212 | ₱0.2822 | -57.05% |
| 50 NEST | ₱0.6059 | ₱1.41 | -57.05% |
| 100 NEST | ₱1.21 | ₱2.82 | -57.05% |
| 500 NEST | ₱6.06 | ₱14.11 | -57.05% |
| 1000 NEST | ₱12.12 | ₱28.22 | -57.05% |
NEST to PHP Today vs. 1 year ago
| Amount | 00:37 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 NEST | ₱0.006059 | ₱0.1090 | -94.44% |
| 1 NEST | ₱0.01212 | ₱0.2180 | -94.44% |
| 5 NEST | ₱0.06059 | ₱1.09 | -94.44% |
| 10 NEST | ₱0.1212 | ₱2.18 | -94.44% |
| 50 NEST | ₱0.6059 | ₱10.9 | -94.44% |
| 100 NEST | ₱1.21 | ₱21.8 | -94.44% |
| 500 NEST | ₱6.06 | ₱108.99 | -94.44% |
| 1000 NEST | ₱12.12 | ₱217.99 | -94.44% |
How to convert NEST to PHP
Create Your Free Bitget Account
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert NEST to PHP
Use a variety of payment options to buy NEST Protocol on Bitget. We'll show you how.
Buy NEST (or USDT) for PHP (Philippine Peso) offers
Bitget P2P trading does not currently support direct buying of NEST with PHP. However, you can buy USDT in Bitget P2P trading first, and then buy NEST with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell NEST (or USDT) for PHP (Philippine Peso) offers
Bitget P2P trading currently does not support direct selling of NEST to PHP. However, you can first exchange NEST for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
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What factors influence the conversion rate of NEST to PHP?
There are many factors that affect the relationship between NEST Protocol 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 NEST/PHP. When there is positive news in the market about the widespread adoption of NEST or major technological breakthroughs, it tends to trigger market optimism and drive the rise of NEST/PHP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in NEST/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 NEST/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 NEST Protocol and adjust their investment strategies accordingly in the evolving market.
NEST Protocol price prediction
What will the price of NEST be in 2026?
Based on NEST's historical price performance prediction model, the price of NEST is projected to reach $0.0004028 in 2026.
What will the price of NEST be in 2031?
In 2031, the NEST price is expected to change by +44.00%. By the end of 2031, the NEST price is projected to reach $0.0008212, with a cumulative ROI of +287.87%.
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Popular NEST Protocol Converter
Check out these popular currency conversions of NEST Protocol to several fiat currencies.
NEST to TWD
1 NEST to NT$ 0.007017 TWD
NEST to CNY
1 NEST to ¥ 0.001541 CNY
NEST to PHP
1 NEST to ₱ 0.01212 PHP
NEST to USD
1 NEST to $ 0.0002114 USD
NEST to EUR
1 NEST to € 0.0001924 EUR
NEST to CAD
1 NEST to $ 0.0003011 CAD
NEST to KRW
1 NEST to ₩ 0.3086 KRW
NEST to JPY
1 NEST to ¥ 0.03066 JPY
NEST to GBP
1 NEST to £ 0.0001641 GBP
NEST to BRL
1 NEST to R$ 0.001235 BRL
Popular cryptocurrencies to PHP
Explore other cryptocurrencies based on your interest in NEST Protocol.
PI to PHP
1 PI to ₱ 34.15 PHP
FIL to PHP
1 FIL to ₱ 136.9 PHP
ATOM to PHP
1 ATOM to ₱ 256.06 PHP
USUAL to PHP
1 USUAL to ₱ 6.93 PHP
BTC to PHP
1 BTC to ₱ 4,463,442.04 PHP
CRTS to PHP
1 CRTS to ₱ 0.01717 PHP
ZRO to PHP
1 ZRO to ₱ 143.04 PHP
VIDT to PHP
1 VIDT to ₱ 1.18 PHP
AMP to PHP
1 AMP to ₱ 0.1886 PHP
BERA to PHP
1 BERA to ₱ 265.22 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 NEST Protocol 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 NEST Protocol 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 NEST Protocol 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.
