CZK/PHP: what to know
The CZK/PHP rate shows how much PHP you get for 1 CZK. Right now, 1 CZK buys 2.9968 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.3337 CZK.
In the short term CZK is driven mainly by Czech central-bank policy and euro moves, while PHP responds to overseas remittances and trade flows.
The Czech Koruna (CZK) is issued by Czech National Bank. “Koruna” means “crown”. 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.