PLN/PHP: what to know
The PLN/PHP rate shows how much PHP you get for 1 PLN. Right now, 1 PLN buys 16.8131 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.0595 PLN.
In the short term PLN is driven mainly by NBP policy, EU flows and regional sentiment, while PHP responds to overseas remittances and trade flows.
The Polish Zloty (PLN) is issued by National Bank of Poland (NBP). “Złoty” literally means “golden”, a name dating back to medieval gold coins. 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.
For anyone in Poland, this is the mid-market reference to compare against your bank or kantor before exchanging. 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.