Convert Philippine Peso to Moroccan Dirham
Please provide values below to convert Philippine Peso [PHP] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Philippine Peso.
How to Convert Philippine Peso to Moroccan Dirham
1 PHP = 6.321092770001 MAD
Example: convert 15 PHP to MAD:
15 PHP = 15 × 6.321092770001 MAD = 94.816391550015 MAD
Philippine Peso to Moroccan Dirham Conversion Table
| Philippine Peso | Moroccan Dirham |
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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.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.