PYG to PHP

PYG - Paraguayan Guarani (Gs.)
PHP - Philippine Piso ()
1 PYG1 PHP

Currency conversion rates from PYG to PHP

PYGPHP
1 PYG1 PHP
5 PYG5 PHP
10 PYG10 PHP
20 PYG20 PHP
50 PYG50 PHP
100 PYG100 PHP
250 PYG250 PHP
500 PYG500 PHP
1000 PYG1000 PHP
2000 PYG2000 PHP
5000 PYG5000 PHP
10000 PYG10000 PHP
PHPPYG
1 PHP1 PYG
5 PHP5 PYG
10 PHP10 PYG
20 PHP20 PYG
50 PHP50 PYG
100 PHP100 PYG
250 PHP250 PYG
500 PHP500 PYG
1000 PHP1000 PYG
2000 PHP2000 PYG
5000 PHP5000 PYG
10000 PHP10000 PYG

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.

Economy

  • 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.

History

  • 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.

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PYG - Paraguayan Guarani ()

Paraguayan Guarani

The Guaraní is the official currency of Paraguay. It was subdivided into 100 céntimos, but they are no longer in use.

The Paraguay Guarani is the currency in Paraguay (PY, PRY). The symbol for PYG can be written G. The Paraguay Guarani is divided into 100 centimos. The exchange rate for the Paraguay Guarani was last updated on May 24, 2019 from Yahoo Finance. The PYG conversion factor has 5 significant digits.

Economy

  • Paraguay owns an economical market that is characterized with a huge non-formal region.
  • Agriculture dictates the economic system, however inequal land partition has caused in a huge area of peasant farm workers.
  • A large proportion of the inhabitants is uninvolved within the formal economy; instead working in agriculture.
  • Lately, the economic system has grown because of increased agrarian exports, particularly soybeans.
  • Fiscal fluctuations, particularly in financial policy, have helped to develop Paraguay’s economic state.
  • Paraguay benefits from the increased wealth of a younger population as well as huge hydroelectric capability. However, very few natural resources and political instabilitystate has undercut many of the country's economic advantages at present.
  • Paraguay was probably the most agrarian economic system within South America, and that region influenced with the efficiency of just about every single area of the economic state.

History

  • The primary Guaraní notes had been of fifty céntimos, 1o, 5, and 1 Guaraní over stamped on 50, a hundred, 500, and one thousand Pesos since 1943.
  • The currency family further expanded with the issuance of 5,000 and 10,000 Guaranies.
  • The 1982 revision added denominations within the Guaraní language to the reverses.
  • The first 50,000 Guaraníes banknotes were circulated in 1990, as well as 100, 000 Guaraníes in 1998.
  • Modern 50,000 Guaraníes banknotes were issued in 2005, however several forgeries came into existance prior to the official introduction.  As such, these bills were declared fake and worthless by the central bank.
  • Starting in 2004, all existing denominations, except 50,000 Guaraníes, underwent small adjustments, such as a more subtle and borderless watermark and enhanced safety features.

More information about PYG - Paraguayan Guarani ()