PHP/PLN: what to know
The PHP/PLN rate shows how much PLN you get for 1 PHP. Right now, 1 PHP buys 0.0610 PLN at the mid-market rate. In the other direction, 1 PLN is worth 16.3948 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while PLN responds to NBP policy, EU flows 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 Polish Zloty (PLN) is issued by National Bank of Poland (NBP). “Złoty” literally means “golden”, a name dating back to medieval gold coins.
For anyone in Poland, this is the mid-market reference to compare against your bank or kantor before exchanging. 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.