Convert Philippine Peso to Macedonian Denar
Please provide values below to convert Philippine Peso [PHP] to Macedonian Denar [MKD], or Convert Macedonian Denar to Philippine Peso.
How to Convert Philippine Peso to Macedonian Denar
1 PHP = 1.07751798629219 MKD
Example: convert 15 PHP to MKD:
15 PHP = 15 × 1.07751798629219 MKD = 16.1627697943829 MKD
Philippine Peso to Macedonian Denar Conversion Table
| Philippine Peso | Macedonian Denar |
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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.
Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.