VND/PHP: what to know
The VND/PHP rate shows how much PHP you get for 1 VND. Right now, 1 VND buys 0.00244397 PHP at the mid-market rate. In the other direction, 1 PHP is worth 409.1705 VND.
In the short term VND is driven mainly by exports and central-bank policy, while PHP responds to overseas remittances and trade flows.
The Vietnamese Dong (VND) is issued by State Bank of Vietnam. The đồng has very high denominations — notes go up to 500,000. 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.