About this pair
PHP/CAD: what to know
The PHP/CAD rate shows how much CAD you get for 1 PHP. Right now, 1 PHP buys 0.0221 CAD at the mid-market rate. In the other direction, 1 CAD is worth 45.1773 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while CAD responds to oil prices and the US economy.
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 Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
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.