PHP/AUD: what to know
The PHP/AUD rate shows how much AUD you get for 1 PHP. Right now, 1 PHP buys 0.0223 AUD at the mid-market rate. In the other direction, 1 AUD is worth 44.9432 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while AUD responds to commodity prices and Chinese demand.
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 Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
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.