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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.61%
BTC/USDT$78579.61 (-5.95%)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 share62.61%
BTC/USDT$78579.61 (-5.95%)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
VAL
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 SORA Validator Token(VAL) to Philippine Peso(PHP). This is the real-time data. The current conversion shows 1 VAL at a value of 1 VAL for 0.94 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 SORA Validator Token currency pair is the VAL to PHP, with for SORA Validator Token's currency code being VAL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PHP.
VAL to PHP conversion rate trend
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In the past 1D, SORA Validator Token has changed -10.33% to PHP. Based on the trend and price charts, SORA Validator Token(VAL) has changed -10.33% to PHP while Philippine Peso(PHP) has changed % to VAL in the last 24 hours.
VAL to PHP market statistics
VAL/PHP:
₱ 0.9438
VAL 24h volume:
₱ 71,790.74
VAL market cap:
₱ 385,080.47
VAL circulating supply:
408.00K VAL
More info about SORA Validator Token on Bitget
Current VAL to PHP exchange rate
SORA Validator Token to Philippine Peso is falling this week.SORA Validator Token's current market price is ₱ 0.9438 per VAL, with a total market cap of ₱ 385,080.47 PHP based on a circulating supply of 408,003 VAL. The trading volume of SORA Validator Token has changed by -0.53% (₱ -382.81 PHP) in the last 24 hours. Last trading day, VAL's trading volume was ₱ 72,173.55.
VAL to PHP Conversion tables
The exchange rate of SORA Validator Token is decreasing.1 VAL is currently valued at ₱ 0.9438 PHP , which means buying 5 VAL will cost ₱ 4.72 PHP . Similarly, ₱1 PHP can be traded for 1.06 VAL, and ₱50 PHP can be converted to 52.98 VAL, excluding any platform or gas fees.
The exchange rate of 1 VAL to Philippine Peso has changed by -6.34% in the last 7 days. In the last 24 hours, the rate has fluctuated by -10.33%, reaching a high of 1.37 PHP and a low of 0.7711 PHP . One month ago, the value of 1 VAL was ₱ 0.9825 PHP , which represents a -3.93% change from its current value. Over the last year, SORA Validator Token has changed by , resulting in a change of -96.90% in its value.
-₱
29.53PHPVAL to PHP
Amount
01:09 am today
0.5 VAL
₱0.4719
1 VAL
₱0.9438
5 VAL
₱4.72
10 VAL
₱9.44
50 VAL
₱47.19
100 VAL
₱94.38
500 VAL
₱471.91
1000 VAL
₱943.82
PHP to VAL
Amount01:09 am today
0.5PHP0.5298 VAL
1PHP1.06 VAL
5PHP5.3 VAL
10PHP10.6 VAL
50PHP52.98 VAL
100PHP105.95 VAL
500PHP529.76 VAL
1000PHP1,059.53 VAL
VAL to PHP Today vs. 24 hours ago
| Amount | 01:09 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 VAL | ₱0.4719 | ₱0.5263 | -10.33% |
| 1 VAL | ₱0.9438 | ₱1.05 | -10.33% |
| 5 VAL | ₱4.72 | ₱5.26 | -10.33% |
| 10 VAL | ₱9.44 | ₱10.53 | -10.33% |
| 50 VAL | ₱47.19 | ₱52.63 | -10.33% |
| 100 VAL | ₱94.38 | ₱105.26 | -10.33% |
| 500 VAL | ₱471.91 | ₱526.3 | -10.33% |
| 1000 VAL | ₱943.82 | ₱1,052.6 | -10.33% |
VAL to PHP Today vs. 1 month ago
| Amount | 01:09 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 VAL | ₱0.4719 | ₱0.4912 | -3.93% |
| 1 VAL | ₱0.9438 | ₱0.9825 | -3.93% |
| 5 VAL | ₱4.72 | ₱4.91 | -3.93% |
| 10 VAL | ₱9.44 | ₱9.82 | -3.93% |
| 50 VAL | ₱47.19 | ₱49.12 | -3.93% |
| 100 VAL | ₱94.38 | ₱98.25 | -3.93% |
| 500 VAL | ₱471.91 | ₱491.24 | -3.93% |
| 1000 VAL | ₱943.82 | ₱982.47 | -3.93% |
VAL to PHP Today vs. 1 year ago
| Amount | 01:09 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 VAL | ₱0.4719 | ₱15.24 | -96.90% |
| 1 VAL | ₱0.9438 | ₱30.48 | -96.90% |
| 5 VAL | ₱4.72 | ₱152.38 | -96.90% |
| 10 VAL | ₱9.44 | ₱304.76 | -96.90% |
| 50 VAL | ₱47.19 | ₱1,523.82 | -96.90% |
| 100 VAL | ₱94.38 | ₱3,047.65 | -96.90% |
| 500 VAL | ₱471.91 | ₱15,238.24 | -96.90% |
| 1000 VAL | ₱943.82 | ₱30,476.49 | -96.90% |
How to convert VAL to PHP
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Convert VAL to PHP
Use a variety of payment options to buy SORA Validator Token on Bitget. We'll show you how.
Buy VAL (or USDT) for PHP (Philippine Peso) offers
Bitget P2P trading does not currently support direct buying of VAL with PHP. However, you can buy USDT in Bitget P2P trading first, and then buy VAL with USDT via Bitget spot market.
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Sell VAL (or USDT) for PHP (Philippine Peso) offers
Bitget P2P trading currently does not support direct selling of VAL to PHP. However, you can first exchange VAL 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 VAL to PHP?
There are many factors that affect the relationship between SORA Validator 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 VAL/PHP. When there is positive news in the market about the widespread adoption of VAL or major technological breakthroughs, it tends to trigger market optimism and drive the rise of VAL/PHP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in VAL/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 VAL/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 SORA Validator Token and adjust their investment strategies accordingly in the evolving market.
SORA Validator Token price prediction
What will the price of VAL be in 2026?
Based on VAL's historical price performance prediction model, the price of VAL is projected to reach $0.01797 in 2026.
What will the price of VAL be in 2031?
In 2031, the VAL price is expected to change by +6.00%. By the end of 2031, the VAL price is projected to reach $0.04211, with a cumulative ROI of +139.81%.
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Popular SORA Validator Token Converter
Check out these popular currency conversions of SORA Validator Token to several fiat currencies.
VAL to TWD
1 VAL to NT$ 0.5465 TWD
VAL to CNY
1 VAL to ¥ 0.1200 CNY
VAL to PHP
1 VAL to ₱ 0.9438 PHP
VAL to USD
1 VAL to $ 0.01647 USD
VAL to EUR
1 VAL to € 0.01498 EUR
VAL to CAD
1 VAL to $ 0.02345 CAD
VAL to KRW
1 VAL to ₩ 24.03 KRW
VAL to JPY
1 VAL to ¥ 2.39 JPY
VAL to GBP
1 VAL to £ 0.01278 GBP
VAL to BRL
1 VAL to R$ 0.09622 BRL
Popular cryptocurrencies to PHP
Explore other cryptocurrencies based on your interest in SORA Validator Token.
PI to PHP
1 PI to ₱ 34.34 PHP
FIL to PHP
1 FIL to ₱ 137.32 PHP
ATOM to PHP
1 ATOM to ₱ 254.12 PHP
USUAL to PHP
1 USUAL to ₱ 7.04 PHP
BTC to PHP
1 BTC to ₱ 4,504,382.22 PHP
CRTS to PHP
1 CRTS to ₱ 0.01731 PHP
ZRO to PHP
1 ZRO to ₱ 143.1 PHP
VIDT to PHP
1 VIDT to ₱ 1.17 PHP
AMP to PHP
1 AMP to ₱ 0.1887 PHP
BERA to PHP
1 BERA to ₱ 264.39 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 SORA Validator 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 SORA Validator 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 SORA Validator 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.
