HUF/PHP: what to know
The HUF/PHP rate shows how much PHP you get for 1 HUF. Right now, 1 HUF buys 0.1999 PHP at the mid-market rate. In the other direction, 1 PHP is worth 5.0024 HUF.
In the short term HUF is driven mainly by Hungarian central-bank policy and regional sentiment, while PHP responds to overseas remittances and trade flows.
The Hungarian Forint (HUF) is issued by Hungarian National Bank. The forint is named after the gold florin of Florence. 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.