1200 Pesos to Malaysian Ringgit: A Currency Conversion Guide
Are you planning a trip from the Philippines to Malaysia and wondering how much 1200 pesos is equivalent to in Malaysian ringgit? Look no further! In this article, we'll provide you with the current exchange rate and a brief overview of the two currencies.
Philippine Peso (PHP)
The Philippine peso is the official currency of the Philippines. It is subdivided into 100 centavos and is denoted by the symbol "₱". The peso is issued by the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines.
Malaysian Ringgit (MYR)
The Malaysian ringgit is the official currency of Malaysia. It is subdivided into 100 sen and is denoted by the symbol "RM". The ringgit is issued by Bank Negara Malaysia, the central bank of Malaysia.
Current Exchange Rate
As of the current exchange rate (1 USD = 51.50 PHP and 1 USD = 4.12 MYR), 1200 Philippine pesos is equivalent to approximately:
₱1200 = RM 95.20
Please note that exchange rates may fluctuate frequently, so it's essential to check the current rate before making any transactions.
Tips for Travelers
If you're planning to travel from the Philippines to Malaysia, here are some tips to keep in mind:
- Currency Exchange: You can exchange your pesos for ringgit at banks, currency exchange offices, or hotels. Be sure to compare rates and fees to get the best deal.
- Credit Cards: Many businesses in Malaysia accept major credit cards, such as Visa and Mastercard. However, it's still a good idea to have some local currency for smaller purchases.
- ATMs: You can withdraw Malaysian ringgit from ATMs using your Philippine-issued debit or credit card. Be aware of any foreign transaction fees and exchange rates.
We hope this article has helped you understand the currency conversion from 1200 pesos to Malaysian ringgit. Safe travels!
