PHP/RON: what to know
The PHP/RON rate shows how much RON you get for 1 PHP. Right now, 1 PHP buys 0.0723 RON at the mid-market rate. In the other direction, 1 RON is worth 13.8342 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while RON responds to regional sentiment and euro moves.
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 Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
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.