About this pair
CAD/PHP: what to know
The CAD/PHP rate shows how much PHP you get for 1 CAD. Right now, 1 CAD buys 45.1773 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.0221 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while PHP responds to overseas remittances and trade flows.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. 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.