Convert Lesotho Loti to Philippine Peso
Please provide values below to convert Lesotho Loti [LSL] to Philippine Peso [PHP], or Convert Philippine Peso to Lesotho Loti.
How to Convert Lesotho Loti to Philippine Peso
1 LSL = 0.308500007902737 PHP
Example: convert 15 LSL to PHP:
15 LSL = 15 × 0.308500007902737 PHP = 4.62750011854105 PHP
Lesotho Loti to Philippine Peso Conversion Table
| Lesotho Loti | Philippine Peso |
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Lesotho Loti
The Lesotho Loti (LSL) is the official currency of Lesotho, used for all monetary transactions within the country.
History/Origin
Introduced in 1980, the Loti replaced the South African Rand at par and has since been managed by the Central Bank of Lesotho, reflecting the country's monetary independence.
Current Use
The Loti is actively used in Lesotho for everyday transactions, banking, and trade, and is pegged at par to the South African Rand.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.