NZD/PHP: what to know
The NZD/PHP rate shows how much PHP you get for 1 NZD. Right now, 1 NZD buys 36.4418 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.0274 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while PHP responds to overseas remittances and trade flows.
The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin. 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.