PHP/HUF: what to know
The PHP/HUF rate shows how much HUF you get for 1 PHP. Right now, 1 PHP buys 5.0024 HUF at the mid-market rate. In the other direction, 1 HUF is worth 0.1999 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while HUF responds to Hungarian central-bank policy and regional 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. The Hungarian Forint (HUF) is issued by Hungarian National Bank. The forint is named after the gold florin of Florence.
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.