COP/PHP: what to know
The COP/PHP rate shows how much PHP you get for 1 COP. Right now, 1 COP buys 0.0203 PHP at the mid-market rate. In the other direction, 1 PHP is worth 49.2064 COP.
In the short term COP is driven mainly by oil and commodity prices, while PHP responds to overseas remittances and trade flows.
The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez. 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.