Convert Philippine Peso to Mongolian Tugrik
Please provide values below to convert Philippine Peso [PHP] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Philippine Peso.
How to Convert Philippine Peso to Mongolian Tugrik
1 PHP = 0.0160413099727506 MNT
Example: convert 15 PHP to MNT:
15 PHP = 15 × 0.0160413099727506 MNT = 0.240619649591259 MNT
Philippine Peso to Mongolian Tugrik Conversion Table
| Philippine Peso | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.