Convert Maldivian Rufiyaa to Philippine Peso
Please provide values below to convert Maldivian Rufiyaa [MVR] to Philippine Peso [PHP], or Convert Philippine Peso to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Philippine Peso
1 MVR = 0.271120063643372 PHP
Example: convert 15 MVR to PHP:
15 MVR = 15 × 0.271120063643372 PHP = 4.06680095465058 PHP
Maldivian Rufiyaa to Philippine Peso Conversion Table
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Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
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.