AUD/PHP: what to know
The AUD/PHP rate shows how much PHP you get for 1 AUD. Right now, 1 AUD buys 44.9432 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.0223 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while PHP responds to overseas remittances and trade flows.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. 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.