Philippine Peso to Ukrainian Hryvnia

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 Ukrainian hryvnia (sign грн, code UAH) serves as the national currency of Ukraine. It is not printed or accepted outside it. Kopiykas are used as change for the Ukrainian hryvnia.

Every UAH has 100 kopiykas. The currency has been in circulation since 1996. Prior to that, there was the karbovantes, and even earlier there was the Soviet ruble. The word “hryvnia” comes for the term “mane”. It defined coins with strings, resembling a bright mane of a golden horse. The word became widespread in old Rus. It was used as a weight measurement.