SEK/PHP: what to know
The SEK/PHP rate shows how much PHP you get for 1 SEK. Right now, 1 SEK buys 6.4599 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.1548 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while PHP responds to overseas remittances and trade flows.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” means “crown”. 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.