Convert Peruvian Nuevo Sol to Philippine Peso
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Philippine Peso [PHP], or Convert Philippine Peso to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Philippine Peso
1 PEN = 0.0624790357958846 PHP
Example: convert 15 PEN to PHP:
15 PEN = 15 × 0.0624790357958846 PHP = 0.937185536938269 PHP
Peruvian Nuevo Sol to Philippine Peso Conversion Table
| Peruvian Nuevo Sol | Philippine Peso |
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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.
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.