PHP/RSD: what to know
The PHP/RSD rate shows how much RSD you get for 1 PHP. Right now, 1 PHP buys 1.6115 RSD at the mid-market rate. In the other direction, 1 RSD is worth 0.6206 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while RSD responds to euro moves and Serbian central-bank policy.
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 Serbian Dinar (RSD) is issued by National Bank of Serbia. “Dinar” descends from the Roman denarius — one of the oldest coin names.
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.