PHP/THB: what to know
The PHP/THB rate shows how much THB you get for 1 PHP. Right now, 1 PHP buys 0.5273 THB at the mid-market rate. In the other direction, 1 THB is worth 1.8964 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while THB responds to tourism and trade flows.
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 Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver.
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.