Philippine Peso to Indonesian Rupiah

The Philippine peso (international symbol: ₱, code: PHP, number: 608) is the currency of the Philippines that has existed since 1858. One peso is subdivided into 100 sentimos. Contemporary banknotes were developed back in 1969.

Since 1970, the peso exchange rate has been floating, regulated by the Central Bank of the Philippines. The entire money supply is located and used as a legal tender only within the state. The country has an official ban on the export of the national currency. Beginning with the year of 2013 the exchange rate of the Philippine currency against the US dollar has decreased significantly.

The Indonesian Rupiah (symbol: Rp, code: IDR, number: 360) is the official currency of Indonesia. Informally Indonesians use the word "perak" ("silver" in Indonesian) in referring to rupiah. The rupiah was first introduced in the country in 1945.

However, the modern version of the currency, the so-called new rupiah is being issued since the redenomination in 1965. The exchange was made at the rate of 1000 old rupees per new one. The rupiah formally is divided into 100 sens, but physically coins denominated less than 1 Rp are discontinued. The banknotes depict national heroes, politicians, monuments, sceneries of the country, local people.