Convert Israeli New Sheqel to Philippine Peso
Please provide values below to convert Israeli New Sheqel [ILS] to Philippine Peso [PHP], or Convert Philippine Peso to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Philippine Peso
1 ILS = 0.0587436756154915 PHP
Example: convert 15 ILS to PHP:
15 ILS = 15 × 0.0587436756154915 PHP = 0.881155134232372 PHP
Israeli New Sheqel to Philippine Peso Conversion Table
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.