About this pair
PHP/CNH: what to know
The PHP/CNH rate shows how much CNH you get for 1 PHP. Right now, 1 PHP buys 0.1071 CNH at the mid-market rate. In the other direction, 1 CNH is worth 9.3365 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while CNH responds to sentiment toward China and offshore flows.
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. CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”.
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.