AED/PHP: what to know
The AED/PHP rate shows how much PHP you get for 1 AED. Right now, 1 AED buys 17.0624 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.0586 AED.
In the short term AED is driven mainly by its peg to the US dollar, while PHP responds to overseas remittances and trade flows.
The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar. 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.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.