NOK/PHP: what to know
The NOK/PHP rate shows how much PHP you get for 1 NOK. Right now, 1 NOK buys 6.7467 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.1482 NOK.
In the short term NOK is driven mainly by oil and gas prices, while PHP responds to overseas remittances and trade flows.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. 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.