PHP/NOK: what to know
The PHP/NOK rate shows how much NOK you get for 1 PHP. Right now, 1 PHP buys 0.1482 NOK at the mid-market rate. In the other direction, 1 NOK is worth 6.7467 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while NOK responds to oil and gas prices.
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 Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
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.