THB/PHP: what to know
The THB/PHP rate shows how much PHP you get for 1 THB. Right now, 1 THB buys 1.8964 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.5273 THB.
In the short term THB is driven mainly by tourism and trade flows, while PHP responds to overseas remittances and trade flows.
The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver. 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.