PHP/CHF: what to know
The PHP/CHF rate shows how much CHF you get for 1 PHP. Right now, 1 PHP buys 0.0132 CHF at the mid-market rate. In the other direction, 1 CHF is worth 75.9702 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while CHF responds to safe-haven demand and SNB policy.
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 Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value.
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.