Convert Philippine Peso to Peruvian Nuevo Sol
Please provide values below to convert Philippine Peso [PHP] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Philippine Peso.
How to Convert Philippine Peso to Peruvian Nuevo Sol
1 PHP = 16.0053686370408 PEN
Example: convert 15 PHP to PEN:
15 PHP = 15 × 16.0053686370408 PEN = 240.080529555612 PEN
Philippine Peso to Peruvian Nuevo Sol Conversion Table
| Philippine Peso | Peruvian Nuevo Sol |
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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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.