Convert Philippine Peso to Chinese Yuan
Please provide values below to convert Philippine Peso [PHP] to Chinese Yuan [CNY], or Convert Chinese Yuan to Philippine Peso.
How to Convert Philippine Peso to Chinese Yuan
1 PHP = 7.93742594683506 CNY
Example: convert 15 PHP to CNY:
15 PHP = 15 × 7.93742594683506 CNY = 119.061389202526 CNY
Philippine Peso to Chinese Yuan Conversion Table
| Philippine Peso | Chinese Yuan |
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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.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).