Convert Qatari Rial to Philippine Peso
Please provide values below to convert Qatari Rial [QAR] to Philippine Peso [PHP], or Convert Philippine Peso to Qatari Rial.
How to Convert Qatari Rial to Philippine Peso
1 QAR = 0.0639243585173061 PHP
Example: convert 15 QAR to PHP:
15 QAR = 15 × 0.0639243585173061 PHP = 0.958865377759592 PHP
Qatari Rial to Philippine Peso Conversion Table
| Qatari Rial | Philippine Peso |
|---|
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.
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.