PHP/DKK: what to know
The PHP/DKK rate shows how much DKK you get for 1 PHP. Right now, 1 PHP buys 0.1028 DKK at the mid-market rate. In the other direction, 1 DKK is worth 9.7309 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while DKK responds to its fixed peg to the euro.
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 Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band.
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.