PHP/COP: what to know
The PHP/COP rate shows how much COP you get for 1 PHP. Right now, 1 PHP buys 49.2064 COP at the mid-market rate. In the other direction, 1 COP is worth 0.0203 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while COP responds to oil and commodity prices.
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 Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez.
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.