PHP/XRP: what to know
The PHP/XRP rate shows how much XRP you get for 1 PHP. Right now, 1 PHP buys 0.0117 XRP at the mid-market rate. In the other direction, 1 XRP is worth 85.1341 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while XRP responds to crypto-market sentiment and regulation.
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. XRP is designed for fast, low-cost payments and cross-border settlement.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.