Convert Philippine Peso to Lesotho Loti
Please provide values below to convert Philippine Peso [PHP] to Lesotho Loti [LSL], or Convert Lesotho Loti to Philippine Peso.
How to Convert Philippine Peso to Lesotho Loti
1 PHP = 3.24149100286337 LSL
Example: convert 15 PHP to LSL:
15 PHP = 15 × 3.24149100286337 LSL = 48.6223650429506 LSL
Philippine Peso to Lesotho Loti Conversion Table
| Philippine Peso | Lesotho Loti |
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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.
Lesotho Loti
The Lesotho Loti (LSL) is the official currency of Lesotho, used for all monetary transactions within the country.
History/Origin
Introduced in 1980, the Loti replaced the South African Rand at par and has since been managed by the Central Bank of Lesotho, reflecting the country's monetary independence.
Current Use
The Loti is actively used in Lesotho for everyday transactions, banking, and trade, and is pegged at par to the South African Rand.