About this pair
PHP/JPY: what to know
The PHP/JPY rate shows how much JPY you get for 1 PHP. Right now, 1 PHP buys 2.4533 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.4076 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while JPY responds to Bank of Japan policy and global risk appetite.
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 Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
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.