PHP/RUB: what to know
The PHP/RUB rate shows how much RUB you get for 1 PHP. Right now, 1 PHP buys 1.3444 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.7438 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while RUB responds to oil and gas prices and sanctions.
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 Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
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.