CNY/PHP: what to know
The CNY/PHP rate shows how much PHP you get for 1 CNY. Right now, 1 CNY buys 9.3415 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.1070 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while PHP responds to overseas remittances and trade flows.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. 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.