RUB/PHP: what to know
The RUB/PHP rate shows how much PHP you get for 1 RUB. Right now, 1 RUB buys 0.7438 PHP at the mid-market rate. In the other direction, 1 PHP is worth 1.3444 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while PHP responds to overseas remittances and trade flows.
The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century. 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.