PHP to PKR Currency Converter - 1 Philippines Pesos To Pakistan Rupee

PHP to PKR

The currency of a country always depends upon the economy of that country. The currencies vary with the conditions of the economy. If a country has an unstable economy, its currency will be weak. And if a country has a developed economy, then its currency will also be strong. Mainly the economy of a country plays a prominent part in the currency's value. How and why the rates of PHP currency varies and how it is comparable with the Pakistani Rupee, here we are going to discuss.

PHP

PHP is the abbreviation of Philippine Peso. It is also known as Filipino Peso. PHP is the official currency of the Philippines as the Philippines is a small former colony of the United States, so they use the English language for their currency. It is further divided into centavos or centimos.

All the currencies are compared with the United State dollar because the United state dollars is considered as the strongest currency. The currency of any other country is compared with USD to measure how strong the currency is.

As the United States Dollar is considered as the most valuable and powerful currency. So the exchange rate of PHP to USD is around . It means that the PHP currency is such a weaker currency. By comparing it with the United States Dollars proves that it is a very weak currency.

Though the Philippines economy is considered as the most dynamic economy of Asia, its currency is weak because the resumption of imports causes the weakness of the currency.

PKR

PKR is the abbreviation of Pakistani Rupee. Pakistani Rupee is the official currency of Pakistan. This currency was introduced in 1948. The PKR currency is considered a cheaper currency. It is due to poor economic conditions.

The currency of a country is developed on the basis of Exports and its imports. If the exports are low and the imports are high, then the economy will fall, and this is one of the reasons for the devaluation of the currency.

The PKR currency, although considered a very weak currency but it much stronger than some of the other currencies like the Indonesian Rupiah and Iranian Rial.

The value of Pakistan's currency can get a better value only when the economic conditions of Pakistan's economy will be stable.

PHP and PKR

As we discussed that the economy plays a vital role in the currencies. And also, we said that the Philippines has the best dynamic economy, and Pakistan has a weak economy. So the rate of exchange of PHP to PKR is around 0. It means that the PHP currency values high, whereas the PKR currency is weaker than PHP.

Pakistani Currency is weaker due to its higher import rates. That is why the currency becomes weak. The COVID-19 pandemic conditions also affected the currency.

Although the PHP currency doesn't worth much higher than that of PKR currency, there's a  difference between both the currencies. PHP worths high, and PKR worths less. If someone has a salary of 20,000 PHP, it would seem to be of low value. But, if we convert this amount to PKR, we will get around 0 Rupees. On the other hand, if someone has a salary of 20,000 Rupees, it will be of no value.