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KRW KRW PHP PHP Rate as of2026-05-20

KRW to PHP Converter.

Current rate

1 KRW = 0.043 PHP as of 2026-05-20. KRW/PHP serves multiple Korea-Philippines flows: 65,000+ Filipino BPO and entertainment workers in Korea, the 1M+ Korean tourist market to Cebu and Manila, and Korean retirees on Philippine SRRV visas in Subic and Davao. The pair trades on KRW weakness against the dollar.

💱

KRWPHP Converter

🇰🇷 ₩1 = 🇵🇭
₱0.04
Rate: 1 KRW = 0.0430 PHP
Common conversions
🇰🇷 KRW🇵🇭 PHP
₩1₱0.04
₩10₱0.43
₩100₱4.30
₩500₱21.50
₩1,000₱43.00
₩5,000₱215.00
₩10,000₱430.00
₩50,000₱2,150.00
₩100,000₱4,300.00
✨ Mid-market rate · as of 2026-05-20 · Real-world transfer rates may differ 0.5-3% depending on provider · Not financial advice
📈 Trend

KRW trend over time.

Today
0.043
1 KRW = PHP
1 year ago
0.041
↑ 4.9% in 12 months
5 years ago
0.045
↓ 4.4% in 5 years
🔢 Quick reference

KRW to PHP conversion table.

Common South Korean Won amounts converted to Philippine Peso at today's rate of 1 KRW = 0.043 PHP. The reverse holds too: 1 PHP = 23.26 KRW.

KRW → PHP
1 KRW 0.043 PHP
5 KRW 0.215 PHP
10 KRW 0.43 PHP
25 KRW 1.08 PHP
50 KRW 2.15 PHP
100 KRW 4.3 PHP
500 KRW 21.5 PHP
1,000 KRW 43 PHP
5,000 KRW 215 PHP
10,000 KRW 430 PHP
PHP → KRW
1 PHP 23.26 KRW
5 PHP 116.28 KRW
10 PHP 232.56 KRW
25 PHP 581.4 KRW
50 PHP 1,163 KRW
100 PHP 2,326 KRW
500 PHP 11,628 KRW
1,000 PHP 23,256 KRW
5,000 PHP 116,279 KRW
10,000 PHP 232,558 KRW
💡 About this corridor

Why people convert KRW to PHP.

The KRW/PHP corridor is driven mostly by Samsung/Hyundai/LG supply chain and K-pop fan remittances. On the Philippine Peso side, demand comes from OFW remittances, BPO industry payments, and real estate. Because both sides see steady two-way flow, KRW/PHP is one of the more liquid pairs in this region — which usually means tighter spreads and smaller markups than thinly-traded exotic pairs.

Over the past 12 months the South Korean Won has moved up 4.9% against the Philippine Peso, and over five years it has weakened about 4.4% (from 0.045 to 0.043). If you're sending money on this corridor, that trend matters: a falling rate means timing your transfer — or locking a rate with a forward contract for large amounts — can change the Philippine Peso you receive by a meaningful margin.

Getting the best KRW → PHP rate. The figure above is the mid-market rate — the "true" rate banks and brokers reference. Most banks add a 1–3% margin on top and may charge a flat wire fee. Specialist services (Wise, Remitly, and regional exchange houses on this corridor) typically convert closer to mid-market. Always compare the effective rate after all fees, not just the headline rate — on a large KRW transfer, a 2% difference is real money.

Rates shown are indicative mid-market rates as of 2026-05-20 and are for informational purposes only — not a quote or financial advice. Confirm the live rate with your provider before transacting.

❓ FAQ

KRW to PHP FAQ.

Who converts KRW to PHP?
Filipino BPO and EPS-visa workers in Seoul and Incheon sending remittances, Korean tourists holidaying in Cebu and Boracay, and Korean retirees on Philippine SRRV visas managing local expenses.
Best way to send KRW to PHP?
GME Remit, Sentbe, and Hanpass dominate the Korea-Philippines remittance corridor with GCash, Maya, and BDO payouts; for tourist FX, KEB Hana Bank offers competitive in-Korea exchange before travel.
Why has KRW weakened?
The Korean won has underperformed since 2022 due to BOK rate divergence from the Fed, semiconductor cycle pressure on chaebol exporters, and net portfolio outflows — pushing KRW/PHP from 0.045 to 0.043.