Convert Philippine Peso to South Korean Won
Please provide values below to convert Philippine Peso [PHP] to South Korean Won [KRW], or Convert South Korean Won to Philippine Peso.
How to Convert Philippine Peso to South Korean Won
1 PHP = 0.0411857993280925 KRW
Example: convert 15 PHP to KRW:
15 PHP = 15 × 0.0411857993280925 KRW = 0.617786989921387 KRW
Philippine Peso to South Korean Won Conversion Table
| Philippine Peso | South Korean Won |
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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.
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.