PHP/CLP: what to know
The PHP/CLP rate shows how much CLP you get for 1 PHP. Right now, 1 PHP buys 15.0544 CLP at the mid-market rate. In the other direction, 1 CLP is worth 0.0664 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while CLP responds to the price of copper.
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 Chilean Peso (CLP) is issued by Central Bank of Chile. The Chilean peso no longer uses cents — the smallest coins are whole pesos.
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.