Convert Malaysian Ringgit to Philippine Peso
Please provide values below to convert Malaysian Ringgit [MYR] to Philippine Peso [PHP], or Convert Philippine Peso to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Philippine Peso
1 MYR = 0.0743103106126728 PHP
Example: convert 15 MYR to PHP:
15 MYR = 15 × 0.0743103106126728 PHP = 1.11465465919009 PHP
Malaysian Ringgit to Philippine Peso Conversion Table
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.