🇵🇭 PHP
필리핀 페소
The 필리핀 페소 (currency code: PHP) is the official legal tender of 필리핀, issued and regulated by 필리핀중앙은행 (BSP). Its valuation reflects global trade balances, macroprudential monetary policy, and interbank liquidity conditions.
LocalExchangeRates.com
Official Rate Sheet: 필리핀 페소 (PHP) / 대한민국 원 (KRW)
Date generated:
Mid-Market Rate: 1 PHP = 21.4569 KRW
Real-Time Interbank Wholesale Feed: October 6, 2026
필리핀 페소 to 대한민국 원 Exchange Rate (PHP to KRW)
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 PHP in KRW?
1 PHP = 21.4569 KRW
At the current mid-market wholesale exchange rate, converting 1,000 필리핀 페소 (PHP) yields approximately 21,456.94 대한민국 원 (KRW) (inverse rate: 1 KRW = 0.0466 PHP). 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.
PHP
KRW
Wycena na podstawie średniego kursu
międzybankowego (0,00% marży)
Looking for reverse calculation? Check KRW to PHP (대한민국 원 to 필리핀 페소) Live Converter →
PHP to KRW Real-Time & Historical Rate Chart
Track historical volatility and key price support levels for 필리핀 페소 against 대한민국 원
Period High
21.7144 KRW
Period Low
21.1995 KRW
Volatility / Avg
21.4569 KRW
Mid-Market Trend
+0.25%
Standard Denomination Conversion Matrix (PHP & KRW)
Wholesale interbank rate matrix with zero retail markup or hidden fees.
필리핀 페소 → 대한민국 원 (PHP / KRW)
Wholesale Benchmark
| 필리핀 페소 (PHP) | 대한민국 원 (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 |
대한민국 원 → 필리핀 페소 (KRW / PHP)
Wholesale Benchmark
| 대한민국 원 (KRW) | 필리핀 페소 (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 |
| Provider / Channel | PHP/KRW Effective Exchange Rate | Estimated Fee | Estimated Received (KRW) | Effective Difference |
|---|---|---|---|---|
|
LocalExchangeRates
Interbank Wholesale (Pure Benchmark)
|
21.4569 KRW | 0.00% | 107,284.72 KRW | Benchmark (0%) |
|
Major Commercial High-Street Banks
Standard bank wire / counter transfer
|
20.7060 KRW | ~3.50% | 103,529.75 KRW | -3,754.97 KRW |
|
Airport Currency Exchange Kiosks
Airport terminal cash counters
|
19.3112 KRW | ~10.00% | 96,556.25 KRW | -10,728.47 KRW |
1 PHP to KRW: 필리핀 페소 to 대한민국 원 Exchange Guide
Searches for 1 PHP to KRW or convert PHP to KRW describe the amount of 대한민국 원 received per 1 필리핀 페소. At today's wholesale baseline of 1 PHP = 21.4569 KRW (inverse: 1 KRW = 0.0466 PHP), understanding retail bank margins helps protect your funds:
🌏 International Transfers & Travel (필리핀 ↔ 대한민국)
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 필리핀중앙은행 (BSP) and 한국은행 (BOK) shape the medium-to-long term valuation of PHP/KRW.
PHP and KRW Currency Profiles
Official monetary framework, central bank governance, and banknote specifications for 필리핀 and 대한민국.
🇰🇷 KRW
대한민국 원
The 대한민국 원 (currency code: KRW) is the official legal tender of 대한민국, issued and regulated by 한국은행 (BOK). Its valuation reflects global trade balances, macroprudential monetary policy, and interbank liquidity conditions.
How the PHP to KRW Exchange Rate Works
Foreign exchange transactions between 필리핀 (PHP) and 대한민국 (KRW) 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 PHP and KRW:
- 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 필리핀중앙은행 (BSP) and 한국은행 (BOK) serve as the primary long-term drivers for this currency pair.
- Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between 필리핀 and 대한민국 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 (KRW) 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: 필리핀 페소 to 대한민국 원 Conversion
Common questions regarding 필리핀 페소 to 대한민국 원 conversion, bank spreads, and transfer costs.
How much is 1,000 PHP in KRW today?
At the current mid-market exchange rate (1 PHP = 21.4569 KRW), 1,000 필리핀 페소 equals approximately 21,456.94 대한민국 원. 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 필리핀 페소?
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 PHP?
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 (필리핀중앙은행 (BSP)) 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.
Popular PHP Exchange Corridors & Cross Rates
Track real-time mid-market rates and conversion calculations for related currency pairs.