Convert Philippine Peso to Korean Won
Convert Philippine pesos (PHP) to Korean won (KRW) at the mid-market rate, see what Cebu, Boracay, and Manila prices really cost in won, and how that differs from what banks, cards, and money changers actually charge.
🔒 Unit conversions are computed in your browser (exchange rates via public API only).
What moves the peso against the won
The Philippine peso leans heavily on remittances sent home by overseas Filipino workers (OFWs), so it tends to firm up around the holiday season when those inflows peak. The central bank's (BSP) rate decisions and domestic inflation also shift the peso's value over time. On top of that, a broadly strong US dollar pressures both the peso and the won at once, so PHP-KRW is really a story of how each currency reacts to the dollar. That's why it's hard to call the direction by watching only one side.
Turning a 300-peso Cebu meal into won
Because one peso is worth more than one won, you just multiply the peso amount by the rate to get a feel for the won price. If the rate were 24 won per peso, a 300-peso dish in Cebu would be about 7,200 won, and a 1,500-peso activity in Boracay roughly 36,000 won. A quick 'pesos times 24' in your head is handy when you're staring at price tags in a Manila mall. Keep in mind this is the mid-rate, so a card swipe will land a bit higher on your statement.
Paying in the Philippines: cash, dollars, and e-wallets
Small purchases at local eateries, tricycles, and markets are still mostly cash (pesos), so it helps to carry some. Rather than converting won straight to pesos back home, many travelers bring US dollars and exchange them at mall or city money changers, which often gives a better rate, so it's worth comparing both. E-wallets like GCash and Maya are everywhere now but can be tricky for tourists to set up on the spot, while hotels, big malls, and chains take cards fine. Airport money changers usually offer worse rates than in town, so change just enough to get by.
Frequently asked questions
Is this PHP-KRW rate the same as what a bank actually gives me?
No. This is a mid-market rate based on public exchange-rate data. Banks, card issuers, and money changers add a spread and fees, so your actual exchange or purchase can cost a little more than what you see here. The gap is widest for cash exchange and airport counters, so treat this as a reference figure.
Isn't the Philippine peso a Korea Eximbank base rate?
The peso isn't among the currencies quoted by the Korea Eximbank, so this tool uses a mid-rate drawn from public exchange-rate data instead. The value refreshes once per business day and the page shows the reference date it applies to. When you actually exchange money, banks and money changers add their own spread on top.
How often does the rate change? Does it update on weekends?
The server pulls the rate once a day and stores it, and visitors read that cached value. On weekends and holidays no new figure comes in, so the last business day's rate stays in place, and the reference date on the page tells you which day it reflects. Just remember it isn't a live, second-by-second quote.