PHP/VND: what to know
The PHP/VND rate shows how much VND you get for 1 PHP. Right now, 1 PHP buys 409.1705 VND at the mid-market rate. In the other direction, 1 VND is worth 0.00244397 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while VND responds to exports and 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 Vietnamese Dong (VND) is issued by State Bank of Vietnam. The đồng has very high denominations — notes go up to 500,000.
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.