CLP/PHP: what to know
The CLP/PHP rate shows how much PHP you get for 1 CLP. Right now, 1 CLP buys 0.0664 PHP at the mid-market rate. In the other direction, 1 PHP is worth 15.0544 CLP.
In the short term CLP is driven mainly by the price of copper, while PHP responds to overseas remittances and trade flows.
The Chilean Peso (CLP) is issued by Central Bank of Chile. The Chilean peso no longer uses cents — the smallest coins are whole pesos. 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.