Convert New Taiwan Dollar to Philippine Peso
Please provide values below to convert New Taiwan Dollar [TWD] to Philippine Peso [PHP], or Convert Philippine Peso to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Philippine Peso
1 TWD = 0.515697469192498 PHP
Example: convert 15 TWD to PHP:
15 TWD = 15 × 0.515697469192498 PHP = 7.73546203788748 PHP
New Taiwan Dollar to Philippine Peso Conversion Table
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.