Here Bill talks about eating shrimp, which are less expensive than bananas, at one centavos1 each (which I assume he means one shrimp). He also suggests binding his letters into a book.
- In 1944, the Philippine peso was pegged to the U.S. dollar at a rate of 2 pesos to 1 U.S. dollar. Consequently, 1 peso equaled 50 U.S. cents, and 1 centavo (1/100 of a peso) was equivalent to 0.5 U.S. cents. Adjusting for inflation, $1 in 1944 is equivalent to approximately $17.93 in 2024 In 2013 Dollars
Therefore, 0.5 U.S. cents in 1944 would be about 8.97 cents today. Thus, 1 Philippine centavo in 1944 would be approximately equivalent to 8.97 U.S. cents in 2024. ↩︎