LocalExchangeRates.com

Official Rate Sheet: South Korean Won (KRW) / Philippine Peso (PHP)

Date generated:

Mid-Market Rate: 1 KRW = 0.0466 PHP

Real-Time Interbank Wholesale Feed: October 6, 2026

South Korean Won to Philippine Peso Exchange Rate (KRW to PHP)

Real-time mid-market wholesale rate with zero retail markup. Check benchmark pricing before bank conversion or international wire transfer.

Bottom Line Up Front (BLUF): How much is 1,000 KRW in PHP?

1 KRW = 0.0466 PHP

At the current mid-market wholesale exchange rate, converting 1,000 South Korean Won (KRW) yields approximately 46.60 Philippine Peso (PHP) (inverse rate: 1 PHP = 21.4569 KRW). This rate represents the pure interbank benchmark. Retail dealers and commercial banks typically apply a commercial spread between 1.5% and 3.5%. View live calculations, historical charts, and provider spreads below.

You Pay (Amount): KRW

You Receive (Estimate): PHP

Wycena na podstawie średniego kursu międzybankowego (0,00% marży)

Kurs rynkowy: 1 KRW = 0.0466 PHP

Kurs odwrotny: 1 PHP = 21.4569 KRW

Status danych: Live Data (Redis)

Looking for reverse calculation? Check PHP to KRW (Philippine Peso to South Korean Won) Live Converter →

KRW to PHP Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for South Korean Won against Philippine Peso

Period High

0.0472 PHP

Period Low

0.0460 PHP

Volatility / Avg

0.0466 PHP

Mid-Market Trend

+0.25%

30-Day Range (1M) Position: 50% range

Min: 0.0460 PHP

Max: 0.0472 PHP

52-Week Range (1Y) Current Position: 65% Range

Min: 0.0450 PHP

Max: 0.0482 PHP

Standard Denomination Conversion Matrix (KRW & PHP)

Wholesale interbank rate matrix with zero retail markup or hidden fees.

South Korean Won → Philippine Peso (KRW / PHP)

Wholesale Benchmark

South Korean Won (KRW)	Philippine Peso (PHP)
1 KRW	0.05 PHP
5 KRW	0.23 PHP
10 KRW	0.47 PHP
25 KRW	1.17 PHP
50 KRW	2.33 PHP
100 KRW	4.66 PHP
200 KRW	9.32 PHP
250 KRW	11.65 PHP
500 KRW	23.30 PHP
1,000 KRW	46.60 PHP
2,500 KRW	116.51 PHP
5,000 KRW	233.02 PHP
10,000 KRW	466.05 PHP

Philippine Peso → South Korean Won (PHP / KRW)

Wholesale Benchmark

Philippine Peso (PHP)	South Korean Won (KRW)
1 PHP	21.46 KRW
5 PHP	107.28 KRW
10 PHP	214.57 KRW
25 PHP	536.42 KRW
50 PHP	1,072.85 KRW
100 PHP	2,145.69 KRW
200 PHP	4,291.39 KRW
250 PHP	5,364.24 KRW
500 PHP	10,728.47 KRW
1,000 PHP	21,456.94 KRW
2,500 PHP	53,642.36 KRW
5,000 PHP	107,284.72 KRW
10,000 PHP	214,569.44 KRW

Provider / Channel	KRW/PHP Effective Exchange Rate	Estimated Fee	Estimated Received (PHP)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.0466 PHP	0.00%	233.02 PHP	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.0450 PHP	~3.50%	224.87 PHP	-8.16 PHP
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.0419 PHP	~10.00%	209.72 PHP	-23.30 PHP

1 KRW to PHP: South Korean Won to Philippine Peso Exchange Guide

Searches for 1 KRW to PHP or convert KRW to PHP describe the amount of Philippine Peso received per 1 South Korean Won. At today's wholesale baseline of 1 KRW = 0.0466 PHP (inverse: 1 PHP = 21.4569 KRW), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (South Korea ↔ Philippines)

Whether remitting money internationally or budgeting for travel, benchmark retail bank quotes against the wholesale mid-market rate to avoid excessive markups.

🏦 Commercial Bank Spreads

Major commercial banks typically add markups between 1.5% and 3.5% on foreign currencies, whereas digital multi-currency accounts operate with tighter margins.

📈 Monetary Policy Drivers

Interest rate decisions and monetary policies set by Bank of Korea (BoK) and Central Bank of the Philippines (BSP) shape the medium-to-long term valuation of KRW/PHP.

KRW and PHP Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for South Korea and Philippines.

How the KRW to PHP Exchange Rate Works

Foreign exchange transactions between South Korea (KRW) and Philippines (PHP) trade continuously on global wholesale interbank currency markets. The mid-market rate represents the exact mathematical midpoint between institutional buy (bid) and sell (ask) quotes without retail dealer markups.

Key considerations when converting or transferring between KRW and PHP:

Banking Channel Selection: Digital banking transfers and specialized multi-currency accounts generally offer exchange margins of 0.2% to 0.8%, whereas airport physical cash booths frequently charge 8% to 12% over the interbank baseline.
Central Bank Oversight & Policy: Monetary policy decisions, policy interest rate differentials, and currency reserves managed by Bank of Korea (BoK) and Central Bank of the Philippines (BSP) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between South Korea and Philippines exceeding equivalent to 10,000 USD or EUR are legally required to file written declarations with border authorities.
Avoid Dynamic Currency Conversion (DCC): When using payment cards abroad or withdrawing cash from ATMs, always elect to be billed in the local currency (PHP) rather than your home billing currency to bypass costly DCC conversion markups.

LocalExchangeRates aggregates real-time wholesale interbank benchmarks to provide users with transparent, independent currency valuation.

Frequently Asked Questions: South Korean Won to Philippine Peso Conversion

Common questions regarding South Korean Won to Philippine Peso conversion, bank spreads, and transfer costs.

How much is 1,000 KRW in PHP today?

At the current mid-market exchange rate (1 KRW = 0.0466 PHP), 1,000 South Korean Won equals approximately 46.60 Philippine Peso. Retail exchange bureaus and commercial banks typically apply a 1.5% to 3.5% transaction spread.

Where can I get the best exchange rate for South Korean Won?

To secure the best rates, avoid airport currency kiosks which routinely apply markups exceeding 8% to 12%. Converting currency at major commercial banks or using a low-fee multi-currency card typically delivers the closest rate to the mid-market benchmark.

Are there cash declaration limits when traveling with KRW?

Most international customs jurisdictions mandate a formal declaration when carrying physical cash or negotiable instruments exceeding the equivalent of 10,000 USD or EUR. Check with local customs authority (Bank of Korea (BoK)) prior to departure.

Does the exchange rate fluctuate during weekends?

Global interbank foreign exchange markets close on Friday evening (5:00 PM EST) and reopen on Sunday evening. Over the weekend, rates remain static at the Friday close, though retail providers may widen spreads to offset volatility risks.

How is the mid-market exchange rate calculated?

The mid-market exchange rate is the exact midpoint between global wholesale institutional buy (bid) and sell (ask) quotes. It serves as the global benchmark without any added retail broker or banking markup.