PHP/AED: what to know
The PHP/AED rate shows how much AED you get for 1 PHP. Right now, 1 PHP buys 0.0586 AED at the mid-market rate. In the other direction, 1 AED is worth 17.0624 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while AED responds to its peg to the US dollar.
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. The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar.
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.