CHF/PHP: what to know
The CHF/PHP rate shows how much PHP you get for 1 CHF. Right now, 1 CHF buys 76.0219 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.0132 CHF.
In the short term CHF is driven mainly by safe-haven demand and SNB policy, while PHP responds to overseas remittances and trade flows.
The Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value. 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.