1 PHP to KRW - Convert Philippine Peso to South Korean Won

Looking at the 30-day window, the PHP/KRW pair traded in a range of 20.4796 to 21.9846. The monthly average was 21.3200 with 1.75% volatility. This downward movement of 2.9% suggests significant momentum in the PHP/KRW exchange rate.

The current mid-market exchange rate is 1 PHP = 21.2874 KRW, updated as of October 9, 2026, 6:27 PM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Philippine Peso to South Korean Won Exchange Rate

The PHP/KRW exchange rate tells you how many South Korean Won (KRW) you receive for every Philippine Peso (PHP). At the current mid-market rate of 1 PHP = 21.2874 KRW, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

PHP/KRW for Travelers and Businesses

Whether you are traveling, sending money internationally, or managing business payments, the PHP to KRW rate directly affects your costs. Travelers should compare airport exchange counters, city center bureaux, and card-based options before converting. Businesses managing recurring cross-border payments benefit from setting up rate alerts and locking in favorable rates when they appear. The conversion table on this page helps you quickly reference common amounts.

South Korean Won Overview

The South Korean Won (KRW) is the official currency of South Korea. Driven by a technology-heavy export economy, the Won is influenced by global semiconductor demand and trade with China. The KRW exchange rate against PHP reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 PHP = 21.2874 KRW shown on this page is the fairest available exchange rate. It sits exactly between the buy and sell prices quoted by major financial institutions. No single provider can offer exactly the mid-market rate since their business model requires a small spread, but the best providers come within 0.5-1% of this benchmark. Use our rate as your comparison baseline.

Reverse Rate: KRW to PHP

The reverse exchange rate is 1 KRW = 0.046976 PHP. This is useful if you are starting with South Korean Won and want to know how much Philippine Peso you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated KRW to PHP converter for the reverse direction.