DKK/PHP: what to know
The DKK/PHP rate shows how much PHP you get for 1 DKK. Right now, 1 DKK buys 9.7309 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.1028 DKK.
In the short term DKK is driven mainly by its fixed peg to the euro, while PHP responds to overseas remittances and trade flows.
The Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band. 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.