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CAD to PHP Forecasts – Canadian dollar to Philippine peso

Latest CAD to PHP forecasts including bank predictions, key market drivers and recent trends for CAD/PHP. See where analysts expect the pair to move and the factors likely to influence it.

 

CAD to PHP Forecast & Outlook

23 May 2026 • 00:48 GMT

CAD/PHP 44.46

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 44.4600 – 45.3400
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, CAD/PHP is trading close to its 7-day lows near 44.46, holding near the 3-month average and within its recent range. Risk sentiment remains the dominant driver, supported by global risk-off conditions and market volatility. Near-term conditions suggest the pair may face continued pressure if risk aversion persists, keeping the Canadian dollar under modest downward bias.

💸 Transfer implications

  • Expats: sending money to the Philippines may find it slightly less favourable than recent levels.
  • Travellers: buying PHP cash or loading currency cards may experience marginally higher costs.
  • Businesses: paying overseas PHP invoices in CAD could face less advantageous exchange conditions.

🧭 Key drivers

  • Rate gap: The policy and yield differential favors the Canadian dollar, but risk-off sentiment counters this, pushing the pair lower.
  • Risk/commodities: Elevated global risk aversion supports safe-haven currencies, pressuring risk-sensitive FX like CAD/PHP.
  • Global factors: Market volatility and geopolitical tensions are influencing risk sentiment and PHP.

⚠️ What could change it

  • Upside risk: A shift back to risk-on conditions or stabilization in global markets could support the pair, boosting CAD.
  • Downside risk: A rise in global risk aversion or geopolitical tensions could deepen the pressure on CAD/PHP.

Shopping around for the lowest margin providers may help reduce overall transfer costs.

CAD-PHP Rate Calculator

 
 
   
   
   
   
   
 
 

CAD to PHP Market Data

Canadian dollar (CAD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell CAD   →   Buy PHP
1 CAD =
44.46We compare provider deals to this wholesale mid-market rate. Read more
PHP
1d−0.5%▼
CAD to PHP is at 7-day lows near 44.46, 1.6% above its 3-month average of 43.76, having traded in a relatively stable 7.8% range from 42.04 to 45.34
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  1 PHP = 0.022493 CAD

Compare & Save - Canadian dollar to Philippine peso

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Philippine peso (PHP) rates from different sources before making a conversion.

Use our CAD to PHP calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Peso currency rates and the possible savings of using various providers.

 
 

Will the Canadian dollar rise against the Philippine peso?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs Philippine peso current value is to look the CAD/PHP historic rate and change over a range of periods.

The following table looks at the change in the CAD to PHP exchange rate over periods from the previous week back to the last 10 years.

DateCAD/PHPChangePeriod
08 May 2026
44.27
0.9% ▲2 Week
21 Feb 2026
42.34
5.5% ▲3 Month
22 May 2025
40.17
11.2% ▲1 Year
23 May 2021
39.70
12.5% ▲5 Year
24 May 2016
35.61
25.4% ▲10 Year
27 May 2006
47.63
6.3% ▼20 Year
CAD/PHP historic rates & change to 22-May-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/PHP to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more