PHP/KRW: what to know
The PHP/KRW rate shows how much KRW you get for 1 PHP. Right now, 1 PHP buys 20.6786 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.0484 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while KRW responds to tech exports and global risk appetite.
The Philippine Peso (PHP) is issued by Bangko Sentral ng Pilipinas. The Philippines is the only Asian country with a currency called the “peso” — a legacy of Spanish rule. The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”.
Your bank, card issuer or exchange office may use a different rate and charge fees. Compare the final amount after the charges disclosed for your offer.