Convert Philippine Peso to Chinese Yuan
Convert Philippine Peso (PHP) to Chinese Yuan (CNY) using daily updated exchange rates.
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Exchange Rate
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About Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, an archipelago nation of over 7,000 islands in Southeast Asia. Introduced in its modern form in 1949 when the Central Bank of the Philippines was established, the peso replaced the controlled "win" currency used during and after World War II. Bangko Sentral ng Pilipinas (BSP) manages monetary policy with a managed float. The Philippines is one of Asia's fastest growing economies, with remittances from over 10 million overseas Filipino workers (OFWs) forming a critical economic pillar representing about 10% of GDP.
About Chinese Yuan
The Chinese Yuan (CNY), also known as the Renminbi (RMB, meaning "people's currency"), is the official currency of the People's Republic of China. Introduced in 1949 when the People's Republic was founded, it replaced multiple currencies issued by various warlords and governments. The People's Bank of China manages monetary policy using a managed floating exchange rate with reference to a basket of currencies. The yuan became an IMF Special Drawing Rights (SDR) reserve currency in 2016, recognising China's role as the world's second largest economy.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).