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$MICHI to PHP Converter and calculator

$MICHI/PHP: 1 $MICHI = 1.91 PHP. The price of converting 1 michi (SOL) ($MICHI) to Philippine Peso (PHP) is 1.91 PHP today.
$MICHI
$MICHI
PHP
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides $MICHI to PHP real-time exchange rates, making it easy to convert michi (SOL) ($MICHI) to Philippine Peso (PHP). The conversion result is based on real-time data. The conversion result shows that 1 $MICHI is currently valued at 1.91 PHP. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 $MICHI is currently valued at 1.91 PHP, which means buying 5 $MICHI would cost 9.57 PHP. Similarly, ₱1 PHP can be converted to 0.5222 $MICHI, and ₱50 PHP can be converted to 2.61 $MICHI, excluding any platform or gas fees.

Convert $MICHI to PHP

Convert PHP to $MICHI

michi (SOL)
Philippine Peso
100 $MICHI
191.48  PHP
200 $MICHI
382.96  PHP
500 $MICHI
957.41  PHP
1000 $MICHI
1,914.82  PHP
5000 $MICHI
9,574.12  PHP
10000 $MICHI
19,148.23  PHP
In the table above, you'll find a comprehensive $MICHI to PHP converter that shows the value of michi (SOL) in Philippine Peso across commonly used conversion amounts. The list covers conversions from 1 $MICHI to PHP, all the way up to 10000 $MICHI, providing a clear view of their respective values.
Philippine Peso
michi (SOL)
2000 PHP
1,044.48 $MICHI
5000 PHP
2,611.21 $MICHI
10000 PHP
5,222.41 $MICHI
50000 PHP
26,112.07 $MICHI
100000 PHP
52,224.15 $MICHI
In the table above, you'll find a comprehensive PHP to $MICHI converter that shows the value of Philippine Peso in michi (SOL) across commonly used conversion amounts. The list covers conversions from 1 PHP to $MICHI, all the way up to 100000 PHP, providing a clear view of their respective values.

$MICHI to PHP chart

$MICHI/PHP: 1 $MICHI = 1.91 PHP; 2025/04/26 20:24:18
In the past 1D, michi (SOL) has changed +0.52% to PHP. Based on the trend and price charts, michi (SOL)($MICHI) has changed +0.52% to PHP while Philippine Peso(PHP) has changed % to $MICHI in the last 24 hours.
1D7D1M3M1YAll

$MICHI to PHP conversion data: Volatility and price changes of michi (SOL) in PHP

The highest michi (SOL) price in PHP over the past 7 days was 2.04 PHP while the lowest michi (SOL) price in PHP over the past 7 days was 1.11 PHP. The relative change between the highs and lows in michi (SOL) price in PHP over the last 7 days indicates a volatility of %. You can view additional volatility data and $MICHI to PHP prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
1.91 PHP
2.04 PHP
2.04 PHP
5.76 PHP
Low
1.7 PHP
1.11 PHP
0.7514 PHP
0.7514 PHP
Average
0 PHP
0 PHP
0 PHP
0 PHP
Volatility
%
%
%
%
Change
+0.52%
+53.78%
+24.69%
-66.22%

michi (SOL) information

$MICHI to PHP market statistics

$MICHI/PHP:
₱1.91
$MICHI 24h volume:
₱245,088,057.61
$MICHI market cap:
₱1,064,191,603.15
$MICHI circulating supply:
555.76M $MICHI

Current $MICHI to PHP exchange rate

michi (SOL) to Philippine Peso is rising this week.
michi (SOL)'s current market price is ₱1.91 per $MICHI, with a total market cap of ₱1,064,191,603.15 PHP based on a circulating supply of 555,765,000 $MICHI. The trading volume of michi (SOL) has changed by -32.10% (₱-115,888,700.32 PHP) in the last 24 hours. Last trading day, $MICHI's trading volume was ₱360,976,757.93.

More info about michi (SOL) on Bitget

Philippine Peso 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 michi (SOL) currency pair is the $MICHI to PHP, with for michi (SOL)'s currency code being $MICHI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PHP.

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How to convert $MICHI to PHP

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$MICHI to PHP Conversion tables

The exchange rate of michi (SOL) is increasing.
The exchange rate of 1 $MICHI to Philippine Peso has changed by +53.78% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.52%, reaching a high of 1.91 PHP and a low of 1.7 PHP . One month ago, the value of 1 $MICHI was ₱1.54 PHP , which represents a +24.69% change from its current value. Over the last year, michi (SOL) has changed by
-
1.15PHP
, resulting in a change of -37.65% in its value.
24 hours ago1 month ago1 year ago
Amount20:24 today24 hours ago24h change
0.5 $MICHI₱0.9574₱0.9525
+0.52%
1 $MICHI₱1.91₱1.9
+0.52%
5 $MICHI₱9.57₱9.52
+0.52%
10 $MICHI₱19.15₱19.05
+0.52%
50 $MICHI₱95.74₱95.25
+0.52%
100 $MICHI₱191.48₱190.5
+0.52%
500 $MICHI₱957.41₱952.49
+0.52%
1000 $MICHI₱1,914.82₱1,904.98
+0.52%

$MICHI to PHP FAQ

How much is 1 michi (SOL) in PHP?
Right now, the price of 1 michi (SOL) ($MICHI) in Philippine Peso (PHP) is ₱1.91.
How much $MICHI can I buy for 1 PHP?
Based on the current exchange rate, you can get 0.5222 $MICHI for 1 PHP.
How do I calculate or convert $MICHI to PHP?
You can use our $MICHI to PHP calculator at the top of this page to convert any amount of $MICHI to PHP. We've also included quick-reference tables for the most popular conversions. For example, 5 PHP is equivalent to 2.61 $MICHI, while 5 $MICHI will cost around 9.57PHP.
What is the highest price of $MICHI/PHP in history?
The all-time high price of 1 $MICHI in PHP is ₱33.51. It remains to be seen if the value of 1 $MICHI/PHP will exceed the current all-time high.
What is the price trend of michi (SOL) in PHP?
Over the past 7 days, the exchange rate of michi (SOL) ($MICHI) has gone up by 53.78%.   Over the last month, the exchange rate of michi (SOL) ($MICHI) has gone up by 24.69% against Philippine Peso (PHP).

What factors influence the conversion rate of $MICHI to PHP?

There are many factors that affect the relationship between michi (SOL) 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 $MICHI/PHP. When there is positive news in the market about the widespread adoption of $MICHI or major technological breakthroughs, it tends to trigger market optimism and drive the rise of $MICHI/PHP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in $MICHI/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.
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 $MICHI/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 michi (SOL) and adjust their investment strategies accordingly in the evolving market.

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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.