Currency Pair PHP/IRR: Philippine Peso and Iranian Rial

The currency pair PHP/IRR represents the exchange rate between the Philippine Peso (PHP) and the Iranian Rial (IRR). Here, we will provide a brief overview of these two currencies and their respective economic contexts.

Philippine Peso (PHP)

The Philippine Peso (PHP) is the official currency of the Philippines and is divided into 100 centavos or sentimos. The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), is responsible for the issuance and regulation of the currency. The Philippines has a dynamic economy with strong sectors in services, manufacturing, and agriculture.

Iranian Rial (IRR)

The Iranian Rial (IRR) is the official currency of Iran and is divided into 100 dinars, although dinar is no longer used in practice. The central bank of Iran, Bank Markazi, is responsible for the issuance and regulation of the currency. Iran has a mixed economy with significant state involvement and is rich in natural resources such as oil and gas.

Convert PHP to IRR and Vice Versa

On our website, you can easily convert between different currencies, including PHP and IRR. Follow these simple steps to make a conversion:

1. Enter the amount you want to convert.
2. Select the original currency.
3. Choose the target currency.
4. The conversion will then take place automatically.

In addition to providing current exchange rates, we also present a chart with historical figures for the currency pair PHP/IRR. This allows you to analyze trends and make informed decisions about your currency exchanges.

Summary

The currency pair PHP/IRR provides insight into the exchange rate between the Philippine Peso and the Iranian Rial. With our currency converter, you can easily switch between these and other currencies. Visit our site to explore more and take advantage of our tools to manage your currency exchanges effectively.