Rate direction
Philippine peso to South Korean won · PHP/KRW trend
Review the recent market direction, current mid-market rate and significant movement alerts.
Current mid-market rate
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PHP/KRW exchange rate
90-day market context
PHP to KRW at 23.11 is 5.2% below its 3-month average of 24.38, having traded in a quite volatile 10.1% range from 23.06 to 25.39
Currency Forecasts related to PHP/KRW
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PHP to KRW Conversion: What Is Your Money Worth?
View common conversion amounts at today’s mid-market rate
To help you understand the real-world value of the current exchange rate, the table below shows how much Philippine peso are worth in South Korean won across a range of amounts.
This gives a quick view of what you’d get when converting different PHP amounts at today’s rate * :
*Converted at the current PHP-KRW interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the
best Send Money conversion rate for PHP to KRW?
The best PHP to KRW exchange rate is 22.98 from Wise. This is -0.61% compared to the mid-market rate 23.12.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Philippine peso (PHP) to South Korean won (KRW) rates from different sources before making a conversion.
The above Peso to South Korean won comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest PHP-KRW mid-rate and the possible savings of using various providers.
How do PHP-KRW rates compare between providers?
Looking at the full PHP to KRW - Send Money comparison table the provider with the best PHP to KRW exchange rate is Wise at 22.98, -0.61% from the latest mid-market rate 23.12.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.