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Karat to Philippine Peso Converter and calculator

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Convert 1Karat (KAT) to Philippine Peso (PHP) equals ₱ 0.03313 | Bitget
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Karat(KAT) to Philippine Peso(PHP). This is the real-time data. The current conversion shows 1 KAT at a value of 1 KAT for 0.03 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.

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Bitget crypto-to-fiat exchange data shows that the most popular Karat currency pair is the KAT to PHP, with for Karat's currency code being KAT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PHP.

KAT to PHP conversion rate trend

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In the past 1D, Karat has changed -0.89% to PHP. Based on the trend and price charts, Karat(KAT) has changed -0.89% to PHP while Philippine Peso(PHP) has changed % to KAT in the last 24 hours.

KAT to PHP market statistics

KAT/PHP:
₱ 0.03313
KAT 24h volume:
₱ 423,046.7
KAT market cap:
₱ 8,466,527.24
KAT circulating supply:
255.54M KAT

Current KAT to PHP exchange rate

Karat to Philippine Peso is falling this week.
Karat's current market price is ₱ 0.03313 per KAT, with a total market cap of ₱ 8,466,527.24 PHP based on a circulating supply of 255,538,600 KAT. The trading volume of Karat has changed by +99.15% (₱ 210,618.09 PHP) in the last 24 hours. Last trading day, KAT's trading volume was ₱ 212,428.62.

KAT to PHP Conversion tables

The exchange rate of Karat is decreasing.
1 KAT is currently valued at ₱ 0.03313 PHP , which means buying 5 KAT will cost ₱ 0.1657 PHP . Similarly, ₱1 PHP can be traded for 30.18 KAT, and ₱50 PHP can be converted to 1,509.11 KAT, excluding any platform or gas fees.
The exchange rate of 1 KAT to Philippine Peso has changed by -6.03% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.89%, reaching a high of 0.03344 PHP and a low of 0.03272 PHP . One month ago, the value of 1 KAT was ₱ 0.03782 PHP , which represents a -12.39% change from its current value. Over the last year, Karat has changed by
-
0.4318PHP
, resulting in a change of -92.88% in its value.

KAT to PHP

Amount
01:53 am today
0.5 KAT
0.01657
1 KAT
0.03313
5 KAT
0.1657
10 KAT
0.3313
50 KAT
1.66
100 KAT
3.31
500 KAT
16.57
1000 KAT
33.13

PHP to KAT

Amount01:53 am today
0.5PHP15.09  KAT
1PHP30.18  KAT
5PHP150.91  KAT
10PHP301.82  KAT
50PHP1,509.11  KAT
100PHP3,018.22  KAT
500PHP15,091.11  KAT
1000PHP30,182.22  KAT
Buy KAT now

KAT to PHP Today vs. 24 hours ago

Amount01:53 am today24 hours ago24h change
0.5 KAT₱0.01657₱0.01671
-0.89%
1 KAT₱0.03313₱0.03343
-0.89%
5 KAT₱0.1657₱0.1671
-0.89%
10 KAT₱0.3313₱0.3343
-0.89%
50 KAT₱1.66₱1.67
-0.89%
100 KAT₱3.31₱3.34
-0.89%
500 KAT₱16.57₱16.71
-0.89%
1000 KAT₱33.13₱33.43
-0.89%

KAT to PHP Today vs. 1 month ago

Amount01:53 am today1 month ago1M change
0.5 KAT₱0.01657₱0.01891
-12.39%
1 KAT₱0.03313₱0.03782
-12.39%
5 KAT₱0.1657₱0.1891
-12.39%
10 KAT₱0.3313₱0.3782
-12.39%
50 KAT₱1.66₱1.89
-12.39%
100 KAT₱3.31₱3.78
-12.39%
500 KAT₱16.57₱18.91
-12.39%
1000 KAT₱33.13₱37.82
-12.39%

KAT to PHP Today vs. 1 year ago

Amount01:53 am today1 year ago1Y change
0.5 KAT₱0.01657₱0.2325
-92.88%
1 KAT₱0.03313₱0.4649
-92.88%
5 KAT₱0.1657₱2.32
-92.88%
10 KAT₱0.3313₱4.65
-92.88%
50 KAT₱1.66₱23.25
-92.88%
100 KAT₱3.31₱46.49
-92.88%
500 KAT₱16.57₱232.46
-92.88%
1000 KAT₱33.13₱464.92
-92.88%

How to convert KAT to PHP

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Convert KAT to PHP
Use a variety of payment options to buy Karat on Bitget. We'll show you how.

Buy KAT (or USDT) for PHP (Philippine Peso) offers

Bitget P2P trading does not currently support direct buying of KAT with PHP. However, you can buy USDT in Bitget P2P trading first, and then buy KAT with USDT via Bitget spot market.
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Sell KAT (or USDT) for PHP (Philippine Peso) offers

Bitget P2P trading currently does not support direct selling of KAT to PHP. However, you can first exchange KAT for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
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What factors influence the conversion rate of KAT to PHP?

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

Karat price prediction

What will the price of KAT be in 2026?

Based on KAT's historical price performance prediction model, the price of KAT is projected to reach $0.0007009 in 2026.

What will the price of KAT be in 2031?

In 2031, the KAT price is expected to change by +30.00%. By the end of 2031, the KAT price is projected to reach $0.001810, with a cumulative ROI of +213.31%.

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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 Karat 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 Karat 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 Karat 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.