Convert Philippine Peso to Turkish Lira
Please provide values below to convert Philippine Peso [PHP] to Turkish Lira [TRY], or Convert Turkish Lira to Philippine Peso.
How to Convert Philippine Peso to Turkish Lira
1 PHP = 1.40804437114095 TRY
Example: convert 15 PHP to TRY:
15 PHP = 15 × 1.40804437114095 TRY = 21.1206655671143 TRY
Philippine Peso to Turkish Lira Conversion Table
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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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.