Convert Philippine Peso to Chinese Yuan (Offshore)
Please provide values below to convert Philippine Peso [PHP] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Philippine Peso.
How to Convert Philippine Peso to Chinese Yuan (Offshore)
1 PHP = 7.94006123388922 CNH
Example: convert 15 PHP to CNH:
15 PHP = 15 × 7.94006123388922 CNH = 119.100918508338 CNH
Philippine Peso to Chinese Yuan (Offshore) Conversion Table
| Philippine Peso | Chinese Yuan (Offshore) |
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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 (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.