PHP to RWF
Currency conversion rates from PHP to RWF
|1 PHP||1 RWF|
|5 PHP||5 RWF|
|10 PHP||10 RWF|
|20 PHP||20 RWF|
|50 PHP||50 RWF|
|100 PHP||100 RWF|
|250 PHP||250 RWF|
|500 PHP||500 RWF|
|1000 PHP||1000 RWF|
|2000 PHP||2000 RWF|
|5000 PHP||5000 RWF|
|10000 PHP||10000 RWF|
|1 RWF||1 PHP|
|5 RWF||5 PHP|
|10 RWF||10 PHP|
|20 RWF||20 PHP|
|50 RWF||50 PHP|
|100 RWF||100 PHP|
|250 RWF||250 PHP|
|500 RWF||500 PHP|
|1000 RWF||1000 PHP|
|2000 RWF||2000 PHP|
|5000 RWF||5000 PHP|
|10000 RWF||10000 PHP|
PHP - Philippine Piso (₱)
The Philippine peso is the official currency of Philippines. It is commonly depicted by the symbol ₱. Written abbreviations include: PhP, Php, P$, or P. The official currency code for the peso is PHP.
The Peso is the foreign currency of the Philippines. It's subdivided into one hundred centavos. Prior to 1967, English was used on all notes and coins, hence the term “peso” was used as the name of the currency in the Philippines. When Filipino was introduced as a written language, the term used on notes and coins became “piso”.
The Philippine Peso is the currency in Philippines (PH, PHL). The symbol for PHP can be written P. The Philippine Peso is divided into 100 centavos. The exchange rate for the Philippine Peso was last updated on Today from The International Monetary Fund. The PHP conversion factor has 6 significant digits.
- The Philippines is estimated to be the 45th largest economy in the world, with a GDP of USD$216 billion (2011). Major exports includes semiconductors and other electrical components, transport equipment, clothing, copper and petroleum products and fruits.
- In recent times, the Philippines has been transitioning from a agricultural-based economy to one that increasingly relies on services and manufacturing. Agriculture now only accounts for roughly 30% of the workforce and about 14% of GDP.
- The economy of the Philippines was the second largest in East Asia after World War II. However the economy stagnated until the 1990s, based on economic policies and political volatility, and other Asian countries surpassed the Philippines in terms of GDP growth.
- In the 1990s, a new program of economic liberalization was introduced, leading to economic recovery until the 1997 Asian Financial Crisis.
- Prior to the introduction of a formal currency, trade in the Philippines was performed using a barter system, and later on “piloncitos” (small pieces of gold) and gold barter rings.
- The Spanish introduced coins to the Philippines when they colonized the country in 1521. However, the coins used by Filipino people were minted in various Spanish countries around the world, leading to major inconsistencies in purity and weight.
- In 1861, the first mint was established in order to standardized coinage.
- After the Philippines gained independence in 1898, the country’s first local currency was introduced, replacing the Spanish-Filipino Peso.
- The United States captured the Philippines in 1901, and established a new unit of currency that was pegged to exactly half of a US Dollar in 1903.
- During World War II, the Philippines was occupied by Japan, and new notes were introduced yet again.
- The Central Bank of the Philippines was established in 1949, leading to the reintroduction of a formal Filipino currency.
RWF - Rwandan Franc (RWF)
The Rwandan Franc (RWF), is the authorized tender utilized in Rwanda. The Rwandan Franc is subdivided into a hundred centimes. Banknotes and coins are both used as legal tender for the country.
The Rwandan Franc is the currency in Rwanda (RW, RWA). The symbol for RWF can be written RF. The Rwandan Franc is divided into 100 centimes. The exchange rate for the Rwandan Franc was last updated on May 24, 2019 from Yahoo Finance. The RWF conversion factor has 5 significant digits.
- Rwanda is a very agricultural-based country with about seventy percent of the inhabitants engaged in farming. Major exports are tea and coffee.
- Despite being land-locked with a high population and minimal resources and industry, Rwanda has been able to make significant progress in rehabilitating and stabilizing its economy.
- The Rwandan economic system relies heavily on farm production of small, semi-subsistence, and fragmented farms.
- By 1994, farm size was was typically less than 1 hectare, whilst inhabitant’s density was greater than 450 individuals per square kilometer.
- The Franc became the foreign money of Rwanda in 1916, when Belgium captured the German territory and switched the German East African Rupee for the Belgian Congo Franc.
- Rwanda utilized the Belgian Congo Franc until 1960, when the Burundi and Rwanda Franc was introduced.
- Rwanda commenced issuing the Rwandan Franc in 1964.
- In 1964, banknotes of the Rwanda and Burundi Bank of Emission were overstamped for Rwanda usage only.
- In 1969, aluminum 1 franc coins were launched. In 1970, 2 and ½ francs were also added in aluminum.
- Brass 50 and 20 francs were launched in 1977.
- There is a plan to launch a standard currency, a modern East African Shilling, for 5 East African countries at the start of 2012.