PHP/CZK: what to know
The PHP/CZK rate shows how much CZK you get for 1 PHP. Right now, 1 PHP buys 0.3335 CZK at the mid-market rate. In the other direction, 1 CZK is worth 2.9987 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while CZK responds to Czech central-bank policy and euro moves.
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 Czech Koruna (CZK) is issued by Czech National Bank. “Koruna” means “crown”.
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.