RON/PHP: what to know
The RON/PHP rate shows how much PHP you get for 1 RON. Right now, 1 RON buys 13.8342 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.0723 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while PHP responds to overseas remittances and trade flows.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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.
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.