PHP/ETH: what to know
The PHP/ETH rate shows how much ETH you get for 1 PHP. Right now, 1 PHP buys 0.00000636247 ETH at the mid-market rate. In the other direction, 1 ETH is worth 157,171.64 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while ETH responds to network activity and crypto-market sentiment.
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. Ethereum popularised programmable “smart contracts”.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.