Exporters, on the one hand, would likely seek to exchange their foreign currency revenues into Pesos in order to cover their operating expenses. For instance, importers may look to purchase US Dollars to pay their suppliers abroad. Although, there is no single entity that controls or dictates foreign exchange rates.įree market conditions generally prevail, which means that foreign currency exchange rates move based on supply and demand. Hence, central banks would occasionally employ policies to ensure market stability. Given the wide accessibility of foreign exchange markets, large movements and heightened volatility are unavoidable. The trading of foreign exchange is a global market activity where market participants generally consist of government institutions, financial institutions, fund managers, brokers, corporations and retail investors. Understanding the Foreign Currency Exchange Market For instance, if the Philippine foreign exchange rate vs USD is at 52.250, this means that 1 US dollar can be converted into 52.250 Philippine pesos.įoreign currency exchange rates are constantly changing without notice they can go up or down depending on market conditions, the perceived strength of the Philippines’ economy, and other factors that may not be related to its actual situation. Rates are quoted in Philippine peso (PHP).ĭifferent countries have different currencies, and it is through Foreign Exchange that people can convert the currency of one country into another. Visit your nearest branch to know the actual rates for the day. These rates are indicative only and may change without prior notice. $c_len = strlen ( substr ( strrchr ( $c, ".Indicative Foreign Exchange Rate as of J09:34 AM My function will return the result = 5.001 My simpler solution to the problem of the decimal number in this function being longer than the specified number of decimals. Getting Started Introduction A simple tutorial Language Reference Basic syntax Types Variables Constants Expressions Operators Control Structures Functions Classes and Objects Namespaces Enumerations Errors Exceptions Fibers Generators Attributes References Explained Predefined Variables Predefined Exceptions Predefined Interfaces and Classes Predefined Attributes Context options and parameters Supported Protocols and Wrappers Security Introduction General considerations Installed as CGI binary Installed as an Apache module Session Security Filesystem Security Database Security Error Reporting User Submitted Data Hiding PHP Keeping Current Features HTTP authentication with PHP Cookies Sessions Dealing with XForms Handling file uploads Using remote files Connection handling Persistent Database Connections Command line usage Garbage Collection DTrace Dynamic Tracing Function Reference Affecting PHP's Behaviour Audio Formats Manipulation Authentication Services Command Line Specific Extensions Compression and Archive Extensions Cryptography Extensions Database Extensions Date and Time Related Extensions File System Related Extensions Human Language and Character Encoding Support Image Processing and Generation Mail Related Extensions Mathematical Extensions Non-Text MIME Output Process Control Extensions Other Basic Extensions Other Services Search Engine Extensions Server Specific Extensions Session Extensions Text Processing Variable and Type Related Extensions Web Services Windows Only Extensions XML Manipulation GUI Extensions Keyboard Shortcuts ? This help j Next menu item k Previous menu item g p Previous man page g n Next man page G Scroll to bottom g g Scroll to top g h Goto homepage g s Goto search
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