About this pair
PHP/HKD: what to know
The PHP/HKD rate shows how much HKD you get for 1 PHP. Right now, 1 PHP buys 0.1252 HKD at the mid-market rate. In the other direction, 1 HKD is worth 7.9848 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while HKD responds to its peg to the US dollar.
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 Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank.
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.