Frankfurter API (ECB & central bank mid-market rates) · May 2026

🇵🇭 PHP to 🇰🇷 KRW

Convert Philippine Peso to South Korean Won — mid-market exchange rate

1 PHP =

24 KRW

1 KRW =

0.0409 PHP

Updated May 2026

PHP to KRW Conversion Table

🇵🇭 PHP🇰🇷 KRWDetails
₱100.00 PHP₩2,445 KRWFull breakdown →
₱1,000.00 PHP₩24,454 KRWFull breakdown →
₱10,000.00 PHP₩244,538 KRWFull breakdown →

KRW to PHP Conversion Table

🇰🇷 KRW🇵🇭 PHP
₩100 KRW₱4.0893 PHP
₩1,000 KRW₱40.8934 PHP
₩10,000 KRW₱408.9344 PHP

→ Full KRW to PHP conversion page

Convert Specific Amounts

₱100 PHP₱1,000 PHP₱10,000 PHP

Related Currency Pairs

🇰🇷 KRW → 🇵🇭 PHP

1 KRW = 0.0409

🇵🇭 PHP → 🇺🇸 USD

1 PHP = 0.0163

🇵🇭 PHP → 🇪🇺 EUR

1 PHP = 0.0139

🇵🇭 PHP → 🇬🇧 GBP

1 PHP = 0.0121

🇵🇭 PHP → 🇯🇵 JPY

1 PHP = 3

🇵🇭 PHP → 🇨🇦 CAD

1 PHP = 0.0224

🇵🇭 PHP → 🇦🇺 AUD

1 PHP = 0.0227

🇵🇭 PHP → 🇨🇭 CHF

1 PHP = 0.0127

🇰🇷 KRW → 🇺🇸 USD

1 KRW = 0.0007

🇰🇷 KRW → 🇪🇺 EUR

1 KRW = 0.0006

🇰🇷 KRW → 🇬🇧 GBP

1 KRW = 0.0005

🇰🇷 KRW → 🇯🇵 JPY

1 KRW = 0

Understanding the PHP/KRW Exchange Rate

The Philippine Peso to South Korean Won exchange rate currently stands at 1 PHP = 24 KRW, based on mid-market rates sourced from Frankfurter API (ECB & central bank mid-market rates) as of May 2026. The mid-market rate represents the midpoint between the buy and sell prices on global currency markets — it's the fairest rate available and the one used by financial professionals. When you actually exchange money through a bank or currency service, expect the rate to include a markup of 0.3% to 5% depending on the provider.

Practical Implications for International Payments

At this exchange rate, a ₱1,000 PHP transfer would yield approximately ₩24,454 KRW. For regular payments like rent, tuition, or freelance invoices, the total conversion cost (rate markup + transfer fees) typically ranges from 0.5% to 4% of the amount, depending on your provider. For recurring international payments, services like Wise (formerly TransferWise) and Revolut typically offer rates within 0.3–0.7% of the mid-market rate, while traditional banks may charge 1.5–4% markups.

Who Needs PHP to KRW Conversion?

This currency pair is commonly used by people moving between Philippines and South Korea — including expatriates sending money home, freelancers invoicing international clients, students paying overseas tuition, and travelers budgeting for trips. For cost-of-living comparisons that account for local purchasing power (not just exchange rates), see our Cost of Living by Country tool.

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Frequently Asked Questions

How much is 1 PHP in KRW?▼
1 Philippine Peso (PHP) equals 24 South Korean Won (KRW) at the mid-market rate as of May 2026.
How much is 1 KRW in PHP?▼
1 South Korean Won (KRW) equals 0.0409 Philippine Peso (PHP) at the mid-market rate as of May 2026.
What is the best way to convert PHP to KRW?▼
For the best rates, use services like Wise (TransferWise) or Revolut which offer near mid-market rates with low transparent fees. Traditional banks typically add 1-3% markup to the exchange rate. Always compare the total cost (rate + fees) rather than just the quoted exchange rate.
Is PHP stronger than KRW?▼
1 PHP equals 24 KRW. However, a higher exchange rate doesn't mean more purchasing power — use our Cost of Living Comparison to compare real spending power between countries.
How do I budget in KRW if I earn PHP?▼
Start by converting your monthly income: for example, ₱1,000 PHP = ₩24,454 KRW. Then use our Cost of Living tool to check actual monthly expenses in South Korea. Remember that exchange rates fluctuate, so budget 5-10% buffer.

Rates from Frankfurter API (ECB & central bank mid-market rates) (May 2026). Mid-market indicative rates — actual rates may vary. Not financial advice.