SAR & PHP - Markets & outlook
Saudi riyal - SAR:
The riyal is officially pegged to the IMF's special drawing rights (SDRs). In practice, it is fixed at 1 U.S. dollar = 3.75 riyals, which translates to approximately 1 riyal = 0.266667 dollar.
Philippine peso - PHP:
December 4, 2025
Key Developments Affecting the Philippine Peso (PHP):
1. Peso Depreciation Amid Economic Concerns: In October 2025, the Philippine peso weakened to a record low of 59.262 per US dollar, influenced by market worries over potential economic slowdown due to infrastructure spending controversies and expectations of further monetary policy easing. (en.moneyandbanking.co.th)
2. Central Bank's Market-Determined Exchange Rate Policy: The Bangko Sentral ng Pilipinas (BSP) stated in October 2025 that it allows the exchange rate to be determined by market forces, intervening primarily to dampen inflationary swings over time rather than to prevent daily volatility. (bloomberg.com)
3. Subdued Inflation Opens Door for Rate Cuts: In November 2025, Philippine inflation remained steady at 1.7%, below the BSP's target, providing room for potential interest rate cuts to stimulate economic growth. (reuters.com)
4. Corruption Concerns Impacting Investor Confidence: In November 2025, reports highlighted that corruption in infrastructure projects has led to a crisis of confidence among investors, contributing to the peso's depreciation. (en.moneyandbanking.co.th)
Subdued Philippine Inflation Leaves Door Open for December Rate Cut:
- Subdued Philippine inflation leaves door open for December rate cut, Published on Tuesday, November 04