Convert Philippine Peso to Saudi Riyal
Please provide values below to convert Philippine Peso [PHP] to Saudi Riyal [SAR], or Convert Saudi Riyal to Philippine Peso.
How to Convert Philippine Peso to Saudi Riyal
1 PHP = 15.1846133333333 SAR
Example: convert 15 PHP to SAR:
15 PHP = 15 × 15.1846133333333 SAR = 227.7692 SAR
Philippine Peso to Saudi Riyal Conversion Table
| Philippine Peso | Saudi Riyal |
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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.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.