Convert Philippine Peso to South Korean Won
Instantly convert Philippine Peso (₱) to South Korean Won (₩) with our free online calculator.
Reference Table
| Philippine Peso (₱) | South Korean Won (₩) |
|---|---|
| 1 | 1 |
| 5 | 5 |
| 10 | 10 |
| 50 | 50 |
| 100 | 100 |
| 1000 | 1000 |
How to Convert Philippine Peso to South Korean Won
Live Exchange Rate Conversion
Convert Philippine Peso (₱) to South Korean Won (₩) using live exchange rates updated hourly. The rate reflects the current mid-market price — the most accurate reference for currency comparison.
Step-by-Step
- Open the ₱ to ₩ converter above.
- Enter the amount you want to convert in the ₱ (Philippine Peso) input field.
- The converter fetches the latest exchange rate and instantly shows the equivalent value in ₩ (South Korean Won).
- Use the swap button to reverse the conversion direction if needed.
About Philippine Peso (₱)
The Philippine Peso (PHP, ISO 4217 code 608, symbol ₱; the special 'P' with two horizontal strokes — historically also Pe or 'pesos filipinos') is the official currency of the Republic of the Philippines, issued by the Bangko Sentral ng Pilipinas (BSP, est. 1993 as successor to the Central Bank of the Philippines, est. 1949). Subdivided into 100 centavos. Banknotes: ₱20 (now polymer composite as of 2022), ₱50, ₱100, ₱200, ₱500, ₱1000 (the New Generation Currency series introduced 2010 features Philippine biodiversity and natural landmarks); coins: 1 sentimo, 5 sentimos, 10 sentimos, 25 sentimos, ₱1, ₱5, ₱10, ₱20 (₱20 coin since 2020, replacing the ₱20 paper note over time). The Philippines is a major source of overseas-Filipino-worker remittances (~$36 billion annually per BSP, ~9-10% of GDP — one of the world's largest remittance-economy ratios). BSP targets 2-4% CPI inflation per its inflation-targeting framework adopted January 2002.
About South Korean Won (₩)
The South Korean Won (KRW, ISO 4217 code 410, symbol ₩) is the official currency of the Republic of Korea, issued by the Bank of Korea (BoK, est. 1950). Subdivided into 100 jeon (no longer in circulation). Banknotes: ₩1,000 (Yi Hwang), ₩5,000 (Yi I), ₩10,000 (King Sejong the Great), ₩50,000 (Sin Saimdang — the first Korean banknote featuring a woman, since 2009); coins: ₩10, ₩50, ₩100, ₩500 (₩1 and ₩5 coins withdrawn from circulation, technically still legal tender). North Korea uses a separate Won (KPW), not internationally tradable. KRW is freely floating but the BoK occasionally intervenes — the 'kimchi premium' on cryptocurrency (Korean BTC trading 5-30% above global average) results from capital-controls residue. South Korea is the world's 10th-largest economy by nominal GDP (~$1.8T) and the home of Samsung, LG, Hyundai-Kia, SK Hynix, and Posco — Korean exports (chips, autos, ships) drive significant USD/KRW FX flows. The BoK targets 2% CPI inflation per the inflation-targeting framework adopted in 1998.
Quick Facts
- Philippine Peso (₱) is a currency unit
- South Korean Won (₩) is a currency unit
- Exchange rates are updated hourly from live market data
- Rates shown are mid-market (interbank) rates
- This conversion is commonly used in international travel, online shopping, and business transactions
- Use the swap button to convert ₩ back to ₱
Understanding Philippine Peso
The Philippine Peso (symbol: ₱) is a unit of currency. The Philippine Peso (PHP, ISO 4217 code 608, symbol ₱; the special 'P' with two horizontal strokes — historically also Pe or 'pesos filipinos') is the official currency of the Republic of the Philippines, issued by the Bangko Sentral ng Pilipinas (BSP, est. 1993 as successor to the Central Bank of the Philippines, est. 1949). Subdivided into 100 centavos. Banknotes: ₱20 (now polymer composite as of 2022), ₱50, ₱100, ₱200, ₱500, ₱1000 (the New Generation Currency series introduced 2010 features Philippine biodiversity and natural landmarks); coins: 1 sentimo, 5 sentimos, 10 sentimos, 25 sentimos, ₱1, ₱5, ₱10, ₱20 (₱20 coin since 2020, replacing the ₱20 paper note over time). The Philippines is a major source of overseas-Filipino-worker remittances (~$36 billion annually per BSP, ~9-10% of GDP — one of the world's largest remittance-economy ratios). BSP targets 2-4% CPI inflation per its inflation-targeting framework adopted January 2002.
Philippine Peso are commonly used in international travel, online shopping, and business transactions.
Understanding South Korean Won
The South Korean Won (symbol: ₩) is a unit of currency. The South Korean Won (KRW, ISO 4217 code 410, symbol ₩) is the official currency of the Republic of Korea, issued by the Bank of Korea (BoK, est. 1950). Subdivided into 100 jeon (no longer in circulation). Banknotes: ₩1,000 (Yi Hwang), ₩5,000 (Yi I), ₩10,000 (King Sejong the Great), ₩50,000 (Sin Saimdang — the first Korean banknote featuring a woman, since 2009); coins: ₩10, ₩50, ₩100, ₩500 (₩1 and ₩5 coins withdrawn from circulation, technically still legal tender). North Korea uses a separate Won (KPW), not internationally tradable. KRW is freely floating but the BoK occasionally intervenes — the 'kimchi premium' on cryptocurrency (Korean BTC trading 5-30% above global average) results from capital-controls residue. South Korea is the world's 10th-largest economy by nominal GDP (~$1.8T) and the home of Samsung, LG, Hyundai-Kia, SK Hynix, and Posco — Korean exports (chips, autos, ships) drive significant USD/KRW FX flows. The BoK targets 2% CPI inflation per the inflation-targeting framework adopted in 1998.
South Korean Won are commonly used in international travel, online shopping, and business transactions.
Why Convert Philippine Peso to South Korean Won?
When travelling abroad, shopping from international retailers, or managing cross-border business payments, converting between Philippine Peso and South Korean Won is an everyday necessity. Freelancers invoicing international clients, investors monitoring foreign markets, and students comparing cost-of-living data all benefit from instant, accurate currency conversion with live exchange rates.
Frequently Asked Questions
How do I convert Philippine Peso to South Korean Won?
Enter any ₱ amount in the converter above. It automatically fetches the latest exchange rate and instantly calculates the equivalent ₩ value. No manual calculation is needed.
How often is the ₱/₩ exchange rate updated?
MegaCalc updates currency exchange rates hourly from live market data. The rate displayed reflects the current mid-market rate at the time of conversion.
What is the mid-market ₱/₩ exchange rate?
The mid-market rate is the midpoint between the buy and sell prices on the global foreign exchange market. It is the most accurate reference rate for comparing currencies. Banks and exchange services add a spread on top of this rate, so the rate you receive at a bank or airport will differ slightly.
Can I convert ₩ back to ₱?
Yes. Use the swap button on the converter to reverse the conversion direction and calculate ₩ to ₱ instantly at the current exchange rate.
Why do I need to convert Philippine Peso to South Korean Won?
₱ to ₩ conversions are needed for international travel, online shopping from foreign retailers, cross-border business payments, and comparing prices or costs across countries. Investors and freelancers working with multiple currencies also rely on accurate exchange rate data for financial planning.