What is the Philippine Peso worth against the South Korean Won today?

1 PHP is worth 23.93 KRW today

How much is 1,000 PHP worth in KRW?

At the current exchange rate of 23.93 , a sum of 1,000 Philippine Peso is worth 23,930 South Korean Won.

Which currency is stronger? PHP or KRW?

The Philippine Peso is currently stronger than the South Korean Won given that 1 PHP is equal to 23.93 KRW. Conversely, 1 KRW is worth 0.042 PHP.

Overview of PHP to KRW Performance and Trends

Today, to buy 1,000 Philippine Peso, you need 23,930 South Korean Won. On the same date last year, you needed 23,412 South Korean Won for 1,000 Philippine Peso. This change indicates that the Philippine Peso has become stronger against the South Korean Won by 2.21% over the past year.

The pair experienced moderate volatility of 5.44%.

Moderate volatility means there is a moderate risk of price changes. It represents a balance of potential gains and risks.

PHP to KRW Currency Performance and Volatility

Last 7 Days

• Performance: ₱1,000 varied between ₩23.592 (weekly low) and ₩23.942 (weekly high), a variance of ₩0.35 .
• Volatility: Fluctuated by 1.48%.

Last 30 Days

• Performance: ₱1,000 varied between ₩23.463 (30-day low) to ₩23.959 (30-day high), a variance of ₩0.496 .
• Volatility: Fluctuated by 2.11%.

Last 90 Days

• Performance: ₱1,000 varied between ₩23.473 (90-day low) to ₩23.983 (90-day high), a variance of ₩0.51 .
• Volatility: Fluctuated by 2.17%.

Last Year

• Performance: ₱1,000 ranged from ₩23.206 (yearly low) to ₩24.468 (yearly high), a variance of ₩1.262 .
• Volatility: Fluctuated by 5.44%.

PHP to KRW Forecast and trending

Is the Philippine Peso going up or down against the South Korean Won?

Today's PHP to KRW exchange rate (23.93) is higher compared to yesterday's rate (23.618).

Understanding PHP to KRW Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert Philippine Peso to South Korean Won, to send a payment, for a trip overseas, when shopping online or to hold a balance in South Korean Won.

How to convert PHP to KRW?

You can convert Philippine Peso to South Korean Won either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your South Korean Won in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

• Choose an exchange service that suits your needs
• Head there with the money in Philippine Peso cash to exchange
• Get a quote for the exchange rate and any commission or fee you need to pay
• Hand over your money and receive your South Korean Won in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

• Choose an international payment service that suits your needs and head to their desktop site, or download their app
• Tap Send Payment
• Enter the amount in Philippine Peso you want to send, or the amount in South Korean Won you want your recipient to get in the end
• You'll be shown a quote for the exchange rate and any commission or fee you need to pay
• Choose your preferred payment method, and follow the prompts to pay
• Your money will be deposited to your recipient's bank account directly, in South Korean Won

How to get the best PHP to KRW exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best PHP to KRW exchange rate for your specific transaction.

Get to know the PHP/KRW mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the PHP/KRW mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including Philippine Peso and South Korean Won. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy Philippine Peso with South Korean Won?

You'll be able to exchange South Korean Won to Philippine Peso in the same way as you'd exchange Philippine Peso to South Korean Won. If you have South Korean Won in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for South Korean Won. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold Philippine Peso in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange PHP to KRW?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.