Convert Philippine Peso to Mexican Peso
Please provide values below to convert Philippine Peso [PHP] to Mexican Peso [MXN], or Convert Mexican Peso to Philippine Peso.
How to Convert Philippine Peso to Mexican Peso
1 PHP = 3.05415625234657 MXN
Example: convert 15 PHP to MXN:
15 PHP = 15 × 3.05415625234657 MXN = 45.8123437851986 MXN
Philippine Peso to Mexican Peso Conversion Table
| Philippine Peso | Mexican Peso |
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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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.