PHP/NZD: what to know
The PHP/NZD rate shows how much NZD you get for 1 PHP. Right now, 1 PHP buys 0.0274 NZD at the mid-market rate. In the other direction, 1 NZD is worth 36.4418 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while NZD responds to soft-commodity prices and 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 New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
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.