LTC/PHP: what to know
The LTC/PHP rate shows how much PHP you get for 1 LTC. Right now, 1 LTC buys 3,452.89 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.000289613 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while PHP responds to overseas remittances and trade flows.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. 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.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.