About this pair
HKD/PHP: what to know
The HKD/PHP rate shows how much PHP you get for 1 HKD. Right now, 1 HKD buys 7.9848 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.1252 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while PHP responds to overseas remittances and trade flows.
The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank. 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.