President Diosdado Macapagal was featured on the front side of the note, and by 2017, President Gloria Macapagal Arroyo's inauguration as the 14th President of the Philippines (EDSA People Power II) is on the lower-left side on the note just in front of the scene of the Declaration of Philippine Independence, and the scene of the opening of the Malolos Congress is also present on the obverse side of the note.

From 2010 to 2017, the Aguinaldo Shrine (labeled as "Independence House") and the Barasoain Church were featured on the front side of the note.

The Chocolate Hills and the Philippine tarsier is featured on the reverse side.

Compared to other denominations, this note is relatively uncommon.

Macapagal first appeared on the two hundred peso bill upon the reintroduction of the denomination on June 12, 2002.