About this pair
KRW/PHP: what to know
The KRW/PHP rate shows how much PHP you get for 1 KRW. Right now, 1 KRW buys 0.0467 PHP at the mid-market rate. In the other direction, 1 PHP is worth 21.4086 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while PHP responds to overseas remittances and trade flows.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. 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.