Convert Mexican Peso to Philippine Peso
Please provide values below to convert Mexican Peso [MXN] to Philippine Peso [PHP], or Convert Philippine Peso to Mexican Peso.
How to Convert Mexican Peso to Philippine Peso
1 MXN = 0.327422671722077 PHP
Example: convert 15 MXN to PHP:
15 MXN = 15 × 0.327422671722077 PHP = 4.91134007583115 PHP
Mexican Peso to Philippine Peso Conversion Table
| Mexican Peso | Philippine Peso |
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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.
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.