PHP/SEK: what to know
The PHP/SEK rate shows how much SEK you get for 1 PHP. Right now, 1 PHP buys 0.1548 SEK at the mid-market rate. In the other direction, 1 SEK is worth 6.4599 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while SEK responds to European growth 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 Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” means “crown”.
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.