JPY/PHP: what to know
The JPY/PHP rate shows how much PHP you get for 1 JPY. Right now, 1 JPY buys 0.3853 PHP at the mid-market rate. In the other direction, 1 PHP is worth 2.5953 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while PHP responds to overseas remittances and trade flows.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. 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.