Convert Iranian Rial to Philippine Peso
Please provide values below to convert Iranian Rial [IRR] to Philippine Peso [PHP], or Convert Philippine Peso to Iranian Rial.
How to Convert Iranian Rial to Philippine Peso
1 IRR = 745.275194363417 PHP
Example: convert 15 IRR to PHP:
15 IRR = 15 × 745.275194363417 PHP = 11179.1279154513 PHP
Iranian Rial to Philippine Peso Conversion Table
| Iranian Rial | Philippine Peso |
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Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.
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.