Question 1

Where does this rate come from?

Accepted Answer

The European Central Bank publishes reference rates for around 30 currencies every business day at about 16:00 CET. The ECB quotes both NZD and PHP against the euro, so the new zealand dollar to philippine peso rate here is those two figures divided, the same arithmetic every other reference does.

Question 2

Is this the rate I will actually be paid at?

Accepted Answer

No, and nothing that shows you a single number is. Banks, remittance services and payment platforms each apply their own spread and their own fees, so the amount that lands in an account is always somewhat below the reference rate. Use this to compare offers and to budget, then check the fee with whoever moves the money. At the rate above, NZ$100 is about ₱3597.22.

Question 3

Why does the chart not move on Saturdays?

Accepted Answer

Because the ECB does not publish on weekends or on TARGET holidays. Rather than draw a line through days that had no rate, the chart holds the last published one and the tooltip tells you which day it is showing.

Question 4

How often does this page update?

Accepted Answer

Once per business day, shortly after the ECB publishes. The date under the rate is the ECB's own reference date, not the time we fetched it: a Saturday fetch of Friday's file says Friday.

Question 5

What do freelancers on RemoteHire.ph charge?

Accepted Answer

Rates are set by each freelancer in pesos and shown to hirers in their own currency at the rate on this page. Most sit between ₱150 and ₱600 an hour; the directory filters by band, so you can see the range for yourself before you talk to anyone.

New Zealand dollar to Philippine peso

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