Convert Tanzanian Shilling to Philippine Peso
Please provide values below to convert Tanzanian Shilling [TZS] to Philippine Peso [PHP], or Convert Philippine Peso to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Philippine Peso
1 TZS = 45.1355354455299 PHP
Example: convert 15 TZS to PHP:
15 TZS = 15 × 45.1355354455299 PHP = 677.033031682949 PHP
Tanzanian Shilling to Philippine Peso Conversion Table
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Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.
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.