Philippines Capital is Manila . If you are traveling to Philippines Capital Manila, you will need to exchange your currency for the Philippine Peso. The Peso is the foreign currency of the Philippines . It's subdivided into one hundred centavos. The Philippine currency has made strong gains against the greenback this year, buoyed by other factors,Currency Exchange Rate: 1 USD equals 50.789 Philippine peso. MANILA, Philippines — The peso is seen weakening to 55:$1 by yearend as the yawning current account deficit mainly due to strong imports yet weak exports continue to put pressure on the domestic currency , London-based Capital Economics said Exchange Rate Manila Use the currency converter below to calculate the current exchange rate for the city of Manila . The currency used in Manila is the Philippine Peso. Manila is the capital of The Philippines. ...